Turnkey British Pub
For Sale
$1,200,000
1206 H Street NE, Washington, DC 20002
Turnkey restaurant and bar with commercial kitchen, two bar areas, two seating areas, and two outdoor spaces.
Property Size2,000 SF
Price / SF$600
Days on Market55
Property Features for 1206 H Street NE
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$20,205
Amenities
Central Air
3
Hardwood
NMU-4/H-A
Parking.
On Street.
Building Details
Year Built
1930
Listing Agency:
Compass - Washington
(202) 280-2060
Listed By:
Compass · License #DCSP600505
(202) 280-2060
Source:
Xome
Added: Jul 4
Changed: Aug 26
Last Checked: Aug 26 at 10:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass - Washington
Investment Insights
Based on property information with market context.
This turnkey restaurant and bar is presented as the Queen Vic, a British pub style concept operated by the building owner since 2011. The property includes a commercial kitchen with type-2 venting and is laid out over two levels with two large bar areas and two large seating areas. Two outdoor spaces are also included.
Located in the H Street Corridor at 1206 H Street Northeast, the property is described as offering high visibility, heavy foot traffic, and excellent accessibility.
The offering is structured for an operator looking for a ready-to-run setup, with the core foodservice and dining components already in place throughout the two-level configuration.
Located in the H Street Corridor at 1206 H Street Northeast, the property is described as offering high visibility, heavy foot traffic, and excellent accessibility.
The offering is structured for an operator looking for a ready-to-run setup, with the core foodservice and dining components already in place throughout the two-level configuration.
Key Highlights
- Commercial restaurant and bar in the H Street Corridor
- Over 2,000 sqft across two levels
- British pub‑style restaurant and bar operated by the current building owner since 2011
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
$51,570
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
4.30%
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%
$1,031,400
$1.0M
Cap Rate 7%
$736,714
$736.7K
Cap Rate 9%
$573,000
$573.0K
Market Conditions
NOI Build-Up for 2,000 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
$72.0K $36.00/SF
− Vacancy
−$3.2K −$1.62/SF
EGI
$68.8K $34.38/SF
− OpEx
−$17.2K −$8.59/SF
NOI
$51.6K $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%
$1,031,400
Cap Rate 7%
$736,714
Cap Rate 9%
$573,000
Alternative Uses
Best Use
Specialty Retail
$736.7K
$644.6K – $859.5K
NOI $51,570 @ 7.0% cap · market cap 4.30%
Second Best
Industrial
$318.5K
$278.7K – $371.6K
NOI $22,297 @ 7.0% cap · market cap 1.86%
Theoretical Best
Office A
$1.03M
$903.5K – $1.20M
NOI $72,282 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,772
Businesses Nearby
105k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 38%
Apparel 13%
Electronics 1%
Chick-fil-A
Dining
27,104 visits/mo
0.2 miles
McDonald's
Dining
15,820 visits/mo
0.5 miles
Bank of America
Shops & Services
14,101 visits/mo
0.3 miles
Shell
Shops & Services
8,457 visits/mo
0.2 miles
Nike Factory Store
Apparel
8,378 visits/mo
0.3 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?
Conventional restaurant - Turnkey restaurant and bar with commercial kitchen, two bar areas, two seating areas, and two outdoor spaces.
Where is this conventional restaurant located?
The property is located at 1206 H Street NE Washington, DC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Commercial restaurant and bar in the H Street Corridor; Over 2,000 sqft across two levels; British pub‑style restaurant and bar operated by the current building owner since 2011
