Georgetown Mixed-Use Investment
For Sale
Contact for pricing
1658 33rd St NW, Washington, DC 20007
Mixed-use property with retail and residential units in Georgetown.
Property Size2,924 SF
Price / SF$540.66
Days on Market764
Property Features for 1658 33rd St NW
General Information
Standard status
Active
Size
2,924 SF
Class
C
Property subtype
Mixed Use, Retail
Zoning
MU-4
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Building Details
Year Built
1917
Year Renovated
2011
Buildings
1
Stories
3
Units
2
Tenancy
Multi
Listing Agency:
Terring Wang Group
Listed By:
Terring Wang · License #md639378
Source:
Crexi
Added: Sep 3, 2024
Changed: Aug 26
Last Checked: Aug 14 at 6:05AM
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 Terring Wang Group
Investment Insights
Based on property information with market context.
This 2924 square foot mixed-use property is located in Georgetown. The property features a ground-floor retail space, currently leased to Coco Spa through November 30th, 2024, providing a rental income stream. The upper floors contain a residential apartment. Recent property enhancements have been made. The property is located in Georgetown's rental market, offering potential for long-term value appreciation. This property combines rental income with the potential for future growth.
Key Highlights
- Prime Georgetown location ensures consistent tenant demand.
- Ground‑floor retail space leased to Coco Spa through November 30th, 2024, providing immediate rental income.
- Upscale, meticulously maintained residential apartment on upper floors attracts high‑quality tenants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,246
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$964,920
$964.9K
Cap Rate 7%
$689,229
$689.2K
Cap Rate 9%
$536,067
$536.1K
Market Conditions
NOI Build-Up for 2,924 SF
Gross rent
$87.7K $30.00/SF
− Vacancy
−$10.5K −$3.60/SF
EGI
$77.2K $26.40/SF
− OpEx
−$28.9K −$9.90/SF
NOI
$48.2K $16.50/SF
Area
Washington, DC
Vacancy
12.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$964,920
Cap Rate 7%
$689,229
Cap Rate 9%
$536,067
Alternative Uses
Best Use
Mixed Use
$689.2K
$603.1K – $804.1K
NOI $48,246 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.32M – $1.75M
NOI $105,281 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,864
Businesses Nearby
Explore this area
Business Placement
Demographics for 20007, DC
26,827
Population
13,583
Households
2
Avg Household Size
35
Median Age
87%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
8,654
Density / Sq Mi
$142,783
Median Household Income
$93,107
Median Earnings
$2,066
Median Rent
$1,202,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with retail and residential units in Georgetown.
Where is this mixed-use property located?
The property is located at 1658 33rd St NW Washington, DC.
What is the asking price?
The asking price for this property is $1,580,900.
What are key features of this property?
This property features: Prime Georgetown location ensures consistent tenant demand.; Ground‑floor retail space leased to Coco Spa through November 30th, 2024, providing immediate rental income.; Upscale, meticulously maintained residential apartment on upper floors attracts high‑quality tenants.
