Mixed-Use Facility with Commercial
124 15TH STREET SE, Washington, DC 20003
For Sale
New
$4,675,000
The interior combines office, conference, meeting, and event areas with controlled reception access.
Property Size15,000 SF
Price / SF$311.67
Days on Market3
Property Features for 124 15TH STREET SE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
large open floor plan
10 Private Offices
conference area
fully equipped commercial kitchen w/walk-in
secure controlled reception area
performance stage
5 restrooms (2 ADA Bathroom, 1 ADA Restroom, 2 Standard Restrooms)
elevator
rear patio/dock
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Coldwell Banker Realty - Washington
Listed By:
Charles A Burger · License DC #999999
(202) 258-5316
Source:
Kwcapitalproperties
Added: Nov 7
Changed: Nov 8
Last Checked: Nov 8 at 3:39AM
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
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Investment Insights
Based on property information with market context.
Built in 2014, this approximately 15,000-square-foot, two-level facility has a large open floor plan, 10 private offices, conference space, a performance stage, and a secure reception area. The commercial kitchen includes a walk-in, and an elevator serves the building. Five restrooms and a rear patio with dock complete the existing improvements. Plans for a second floor are available.
The property is two blocks from the RFK Metro station. Separate rear lots, which may accommodate parking for 10–12 cars or be developed, are available with a full-price offer.
The property is two blocks from the RFK Metro station. Separate rear lots, which may accommodate parking for 10–12 cars or be developed, are available with a full-price offer.
Key Highlights
- Approximately 15,000 square feet across two levels
- 10 private offices, conference area, open floor plan, and performance stage
- Commercial kitchen with walk‑in; secure reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$247,500
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,950,000
$5.0M
Cap Rate 7%
$3,535,714
$3.5M
Cap Rate 9%
$2,750,000
$2.8M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$450.0K $30.00/SF
− Vacancy
−$54.0K −$3.60/SF
EGI
$396.0K $26.40/SF
− OpEx
−$148.5K −$9.90/SF
NOI
$247.5K $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%
$4,950,000
Cap Rate 7%
$3,535,714
Cap Rate 9%
$2,750,000
Alternative Uses
Best Use
Mixed Use
$3.54M
$3.09M – $4.13M
NOI $247,500 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.72M
$6.75M – $9.00M
NOI $540,086 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,358
Businesses Nearby
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Business Placement
Demographics for 20003, DC
36,501
Population
20,817
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
15,870
Density / Sq Mi
$159,604
Median Household Income
$107,846
Median Earnings
$2,630
Median Rent
$954,200
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Washington, DC
Properties on Market for Mixed-use properties in Washington
Frequently Asked Questions
What type of property is this?
Mixed-use property - The interior combines office, conference, meeting, and event areas with controlled reception access.
Where is this mixed-use property located?
The property is located at 124 15TH STREET SE Washington, DC.
What is the asking price?
The asking price for this property is $4,675,000.
What are key features of this property?
This property features: Approximately 15,000 square feet across two levels; 10 private offices, conference area, open floor plan, and performance stage; Commercial kitchen with walk‑in; secure reception area
