Mixed-Use Property with
New
For Sale
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1243 GOOD HOPE ROAD SE UPSTAIRS OFFICE, Washington, DC 20020
The space includes a built-out kitchen and a walk-in freezer.
Property Size1,100 SF
Price / SF$3.64
Days on Market5
Property Features for 1243 GOOD HOPE ROAD SE UPSTAIRS OFFICE
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Commercial
Site & Location
Neighborhood
Southeast
Public Transit
Yes
Amenities
walk-in freezer
Building Details
Year Built
1965
Listing Agency:
Samson Properties
(703) 378-8810
Listed By:
Aki Berhe · License #0225192859
(703) 655-6939
Source:
Cummingsrealtors
Added: Oct 22
Changed: Oct 26
Last Checked: Oct 25 at 2:48AM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 1,100-square-foot mixed-use property at 1243 Good Hope Road SE includes a built-out kitchen and walk-in freezer. The space was previously used for carryout service and is also described as suitable for retail or office use.
The property is in Anacostia, near the Anacostia Metro station.
The property is in Anacostia, near the Anacostia Metro station.
Key Highlights
- 1,100 square feet of space
- Built‑out kitchen and walk‑in freezer
- Previously used for carryout service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,850
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,000
$297.0K
Cap Rate 7%
$212,143
$212.1K
Cap Rate 9%
$165,000
$165.0K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$26.4K $24.00/SF
− Vacancy
−$2.6K −$2.40/SF
EGI
$23.8K $21.60/SF
− OpEx
−$8.9K −$8.10/SF
NOI
$14.9K $13.50/SF
Area
ZIP 20020
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,000
Cap Rate 7%
$212,143
Cap Rate 9%
$165,000
Alternative Uses
Best Use
Retail
$249.5K
$218.3K – $291.1K
NOI $17,464 @ 7.0% cap · market cap 436.60%
Second Best
Mixed Use
$212.1K
$185.6K – $247.5K
NOI $14,850 @ 7.0% cap · market cap 371.25%
Theoretical Best
Office A
$567.9K
$496.9K – $662.6K
NOI $39,755 @ 7.0% cap · market cap 993.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,078
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 71%
Shops & Services 29%
Starbucks
Dining
4,578 visits/mo
0.3 miles
Truist
Shops & Services
1,899 visits/mo
0.1 miles
Demographics for 20020, DC
51,616
Population
26,376
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
89%
High-School Grad
4.6 sq mi
ZIP Area
11,221
Density / Sq Mi
$53,015
Median Household Income
$48,752
Median Earnings
$1,317
Median Rent
$442,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Washington, DC
Frequently Asked Questions
What type of property is this?
Mixed-use property - The space includes a built-out kitchen and a walk-in freezer.
Where is this mixed-use property located?
The property is located at 1243 GOOD HOPE ROAD SE UPSTAIRS OFFICE Washington, DC.
What are key features of this property?
This property features: 1,100 square feet of space; Built‑out kitchen and walk‑in freezer; Previously used for carryout service
