1501 11TH NW STREET, Washington, DC 20001
Historic 6,213 SF building in Logan Circle available for sale.
- Added:
- Jul 29, 2024
- Days on Market:
- 683
- Last Refresh:
- May 19 at 9:08 pm
Property Features for 1501 11TH NW STREET
General Information
- Standard status
- Active
- Size
- 6,213 SF
- Lot size
- 0.02 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1890
Listing agent Monique A Walker License #BR98379354 (301) 523-0193
Listing office Fleur de Lis, LLC (301) 523-0193
Listing date Jul 29, 2024
Source Exitrealty
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 Fleur de Lis, LLC
HighLights
- Prime Logan Circle location with mixed‑use zoning allowing for a broad range of development.
- Large Victorian mansion (6,213 SQFT) with significant character and a flexible floor plan.
- Excellent access to transportation with walking distance to 4 Metro rail stations.
- Three distinct entrance areas and life safety egress, fully sprinklered, replacement windows, and fenced yard.
- Sun‑drenched building with ample windows providing natural light.
- Historic property available for sale for the first time in decades.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $313.1k | $50.40 |
| − Vacancy | −$50.1k | −$8.06 |
| EGI | $263.0k | $42.34 |
| − OpEx | −$65.8k | −$10.58 |
| NOI | $197.3k | $31.75 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District of Columbia
- State
- District of Columbia
- Longitude
- -77.0268
- Latitude
- 38.9098