Anacostia Mixed-Use Investment
1245 Marion Barry Ave SE, Washington, DC 20020
For Sale
Contact for pricing
Mixed-use property with retail, apartments, and commercial kitchen.
Property Size2,521 SF
Price / SF$295.52
Days on Market257
Property Features for 1245 Marion Barry Ave SE
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Site & Location
Neighborhood
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Tenancy
Listing Agency:
Greysteel Company LLC Washington, D.C.
Listed By:
Benjamin Wilson · License MD #649631
(410) 227-7342
Source:
Crexi
Added: Feb 27
Changed: Nov 9
Last Checked: Nov 10 at 8:03AM
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 Greysteel Company LLC Washington, D.C.
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Investment Insights
Based on property information with market context.
This mixed-use property is located in Anacostia and features a retail space occupied by Ace Checking with a 5-year extension. The property also includes below-market apartments and a vacant commercial kitchen. The total property size is 2521 square feet.
Key Highlights
- Mixed use property offering diverse income streams.
- Located in Anacostia.
- Ace Checking with 5 year extension.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,034
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,680
$680.7K
Cap Rate 7%
$486,200
$486.2K
Cap Rate 9%
$378,156
$378.2K
Market Conditions
NOI Build-Up for 2,521 SF
Gross rent
$60.5K $24.00/SF
− Vacancy
−$6.1K −$2.40/SF
EGI
$54.5K $21.60/SF
− OpEx
−$20.4K −$8.10/SF
NOI
$34.0K $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%
$680,680
Cap Rate 7%
$486,200
Cap Rate 9%
$378,156
Alternative Uses
Best Use
Mixed Use
$486.2K
$425.4K – $567.2K
NOI $34,034 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,112 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
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Business Placement
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
$442,500
Median Home Value
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Market
Average Price Trend$/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 - Mixed-use property with retail, apartments, and commercial kitchen.
Where is this mixed-use property located?
The property is located at 1245 Marion Barry Ave SE Washington, DC.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Mixed use property offering diverse income streams.; Located in Anacostia.; Ace Checking with 5 year extension.
