Three-Unit Office
1235 Pennsylvania Ave SE Washington, DC 20003
New
1235 Pennsylvania Ave SE, Washington, DC, 20003
$949,900
For Sale
$949,900
Three-unit office building with two upper floors available and a leased lower level.
Property Size2,200 SF
Price / SF$431.77
Days on Market3
Property Features for 1235 Pennsylvania Ave SE
General Information
- Standard status
- Active
- Size
- 2,200 SF
Building Details
- Year Built
- 2025
Listing agency
EXP Realty, LLC
(202) 379-5868
Listed by
Michael A Hines · License #SP98365254
Source
Kandorre
Added: Jul 20 Updated: Jul 21 at 10:52AM Checked: Jul 21 at 10:52AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This charming three-unit office building offers a flexible split-configuration with two floors currently vacant and ready for occupancy, while the lower level is presently leased. The property is set up as small office spaces, making it a practical fit for tenants seeking dedicated, self-contained areas within a compact building.
Located at 1235 Pennsylvania Ave SE in Washington, DC, the building is offered for sale or lease. As presented, the current leasing arrangement provides an in-place lower-level tenant position, with additional office space available on the 1st and 2nd floors.
Located at 1235 Pennsylvania Ave SE in Washington, DC, the building is offered for sale or lease. As presented, the current leasing arrangement provides an in-place lower-level tenant position, with additional office space available on the 1st and 2nd floors.
Key Highlights
- Three‑unit office building with two floors available and the lower level currently leased
- Lower level leased for $3,100,000
- 1st and 2nd floors available for $6,100.00 NNN
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 | $110.9k | $50.40 |
| − Vacancy | −$17.7k | −$8.06 |
| EGI | $93.1k | $42.34 |
| − OpEx | −$23.3k | −$10.58 |
| NOI | $69.9k | $31.75 |
2,200 SF · lease $50.40/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$997.9K
$873.2K – $1.16M
NOI $69,854 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$990.2K – $1.32M
NOI $79,213 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Three-unit office building with two upper floors available and a leased lower level.
Where is this office units located?
The property is located at 1235 Pennsylvania Ave SE Washington, DC.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Three‑unit office building with two floors available and the lower level currently leased; Lower level leased for $3,100,000; 1st and 2nd floors available for $6,100.00 NNN
