Capitol Hill Mixed-Use
729 8TH SE STREET Washington, DC 20003
For Sale
$3,200,000
Three-story mixed-use building in Barracks Row on Capitol Hill.
Property Size6,400 SF
Lot Size0.05 Acres
Price / SF$500
Days on Market891
Property Features for 729 8TH SE STREET
General Information
- Standard status
- Active
- Size
- 6,400 SF
- Lot size
- 0.05 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1930
Listing Agency:
Coldwell Banker Realty - Washington
(202) 258-5316
Listed By:
Charles A Burger · License #999999
(202) 258-5316
Source:
Exitrealty
Added: Feb 16, 2024
Changed: Jul 6
Last Checked: Apr 6 at 2:11AM
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 Coldwell Banker Realty - Washington
Investment Insights
Based on property information with market context.
This well-maintained three-story mixed-use building, reportedly built in 1930 and renovated in 1981 with subsequent upgrades, is located at 729 8th Street SE in the Barracks Row commercial corridor on Capitol Hill. The building has 6400 GSF and sits on a 2,182 square foot lot with a parking area in the rear. The retail level, with 1550 SF, is currently built out for dental, medical practice, or restaurant/food service. The upper floors, accessible via a separate entrance and staircase, include two commercial offices of 600 SF and 800 SF on the second floor, and two residential units of 800 SF and 600 SF on the third floor. A finished lower floor, connected to the retail level and with a separate alley entrance, could potentially serve as an additional rental unit. The building's flexible usage and floorplan allow for potential rental of three commercial spaces and two apartments. Barracks Row Main Street, recognized for economic development, features a mix of restaurants, shops, offices, and stores. The property is centrally located near the Eastern Market METRO station, Pennsylvania Avenue, the US Marine Barracks, and the Historic Eastern Market, serving as a transportation hub with access to Metro, Metro Bus, and highways to Virginia and Metro. The area is an active destination for DC workers, visitors, and tourists. The entire property can be delivered vacant.
Key Highlights
- Mixed‑use building with flexible floorplan suitable for commercial and residential rentals.
- Prime location in the Barracks Row commercial corridor on Capitol Hill.
- Potential for 3 commercial and 2 residential rental units, or redevelopment opportunities.
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 | $322.6k | $50.40 |
| − Vacancy | −$51.6k | −$8.06 |
| EGI | $271.0k | $42.34 |
| − OpEx | −$67.7k | −$10.58 |
| NOI | $203.2k | $31.75 |
6,400 SF · lease $50.40/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.90M
$2.54M – $3.39M
NOI $203,213 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$1.52M
$1.33M – $1.77M
NOI $106,339 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$3.29M
$2.88M – $3.84M
NOI $230,437 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Daniel Nicholas E ...
Dental Office
Washington Dental Health ...
Dental Office
Dr. Phillip S. ...
Dental Office
Anacostia Riverkeeper
Charitable Organization
Alliance for the Chesapeake Bay ...
Charitable Organization
FAQs
What type of property is this?
Mixed-use property - Three-story mixed-use building in Barracks Row on Capitol Hill.
Where is this mixed-use property located?
The property is located at 729 8TH SE STREET Washington, DC.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Mixed‑use building with flexible floorplan suitable for commercial and residential rentals.; Prime location in the Barracks Row commercial corridor on Capitol Hill.; Potential for 3 commercial and 2 residential rental units, or redevelopment opportunities.