Freestanding Mixed-Use Commercial
For Sale
$1,795,000
1201 MOUNT OLIVET Road NE, Washington, DC 20002
Commercial Sale - WASHINGTON, DC
Property Size3,000 SF
Lot Size0.29 Acres
Price / SF$598.33
Days on Market95
Property Features for 1201 MOUNT OLIVET Road NE
General Information
Property type
Other
Property subtype
Retail
Parking
15
Parking features
Parking Lot
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active
Lot size
0.29 Acres
Taxes and HOA fees
Tax Annual Amount
31580
Building Details
Year built
1955
Building materials
Brick
Listing Agency:
Mega Realty & Investment Inc
(703) 642-6342
Listed By:
Diane M Lee · License #98317
(703) 534-4989
Added: May 20
Changed: Aug 13
Last Checked: Aug 22 at 6:06AM
MLS# DCDC2262812
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding brick commercial property includes approximately 3,000 square feet of space and was built in 1955. The site currently houses Northeast Supermarket, an operating neighborhood grocery business that has served the community for approximately 70 years. The business is offered with the real estate, providing an existing commercial use within the building.
The property occupies the corner of Mt. Olivet Road NE and Montello Avenue NE in Washington, DC. MU-4 zoning supports a mix of residential and neighborhood-serving commercial uses, including retail, office, and service functions. Recent property improvements include a new commercial roof and commercial cooler system. A parking lot is also included on the site.
The property occupies the corner of Mt. Olivet Road NE and Montello Avenue NE in Washington, DC. MU-4 zoning supports a mix of residential and neighborhood-serving commercial uses, including retail, office, and service functions. Recent property improvements include a new commercial roof and commercial cooler system. A parking lot is also included on the site.
Key Highlights
- 3,000‑square‑foot freestanding brick commercial building
- MU‑4 zoning supports mixed‑use residential and neighborhood‑serving commercial uses
- Operating Northeast Supermarket business included with the real estate
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$77,355
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,547,100
$1.5M
Cap Rate 7%
$1,105,071
$1.1M
Cap Rate 9%
$859,500
$859.5K
Market Conditions
NOI Build-Up for 3,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$108.0K $36.00/SF
− Vacancy
−$4.9K −$1.62/SF
EGI
$103.1K $34.38/SF
− OpEx
−$25.8K −$8.59/SF
NOI
$77.4K $25.78/SF
Area
ZIP 20002
Vacancy
4.50%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,547,100
Cap Rate 7%
$1,105,071
Cap Rate 9%
$859,500
Alternative Uses
Best Use
Specialty Retail
$1.11M
$966.9K – $1.29M
NOI $77,355 @ 7.0% cap · market cap 4.31%
Second Best
Retail
$959.6K
$839.7K – $1.12M
NOI $67,173 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,423 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,499
Businesses Nearby
37k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 29%
Denny's
Dining
10,623 visits/mo
0.4 miles
Shell
Shops & Services
9,385 visits/mo
0.4 miles
Shell
Shops & Services
8,267 visits/mo
0.4 miles
Exxon
Shops & Services
4,716 visits/mo
0.1 miles
Mobil
Shops & Services
2,898 visits/mo
0.4 miles
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
Market
Vacancy Rate% for Retail in Washington, DC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick commercial building with MU-4 mixed-use zoning and on-site parking.
Where is this mixed-use property located?
The property is located at 1201 MOUNT OLIVET Road NE Washington, DC.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 3,000‑square‑foot freestanding brick commercial building; MU‑4 zoning supports mixed‑use residential and neighborhood‑serving commercial uses; Operating Northeast Supermarket business included with the real estate
