New Mixed-Use Development
For Sale
$70,000,000
325 Vine Street NW, Washington, DC 20012
New construction mixed-use development in prime Takoma Park location.
Property Size145,409 SF
Price / SF$481.40
Days on Market152
Property Features for 325 Vine Street NW
General Information
Standard status
Active
Size
145,409 SF
Zoning
MU-4
Building Details
Year Built
2025
Listing Agency:
Onyx Management Group
Listed By:
Felix Portman · License #RB067002
(267) 939-8558
Source:
Onyxmgt.idxbroker
Added: Apr 24
Changed: Sep 19
Last Checked: Sep 21 at 3:49AM
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 Onyx Management Group
Investment Insights
Based on property information with market context.
325 Vine Street NW presents an exceptional opportunity with a new construction project slated for delivery in 2026. This mixed-use development will feature 170 residential units and a prominent commercial space, offering excellent street visibility. The property encompasses approximately 150,000 square feet, complemented by dedicated parking. Situated in the heart of Takoma Park, NW DC, the location provides convenient access to the Metro. The area is very bikeable with a bike score of 72, very walkable with a walk score of 74, and has good transit with a transit score of 65. This project is positioned to be a high-performing asset for investment portfolios.
Key Highlights
- Prime NW DC location in the heart of Takoma Park, steps from the Metro.
- New construction project delivering in 2026 with 170 residential units.
- Mixed‑use commercial space with outstanding street visibility.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$2,399,249
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$47,984,980
$48.0M
Cap Rate 7%
$34,274,986
$34.3M
Cap Rate 9%
$26,658,322
$26.7M
Market Conditions
NOI Build-Up for 145,409 SF
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.
Gross rent
$4.36M $30.00/SF
− Vacancy
−$523.5K −$3.60/SF
EGI
$3.84M $26.40/SF
− OpEx
−$1.44M −$9.90/SF
NOI
$2.40M $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$47,984,980
Cap Rate 7%
$34,274,986
Cap Rate 9%
$26,658,322
Alternative Uses
Best Use
Mixed Use
$34.27M
$29.99M – $39.99M
NOI $2,399,249 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$74.79M
$65.44M – $87.26M
NOI $5,235,562 @ 7.0% cap · market cap 7.48%
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
1,419
Businesses Nearby
Explore this area
Business Placement
Demographics for 20012, DC
15,485
Population
7,599
Households
2
Avg Household Size
41
Median Age
59%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
7,374
Density / Sq Mi
$128,234
Median Household Income
$75,138
Median Earnings
$1,638
Median Rent
$838,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - New construction mixed-use development in prime Takoma Park location.
Where is this mixed-use property located?
The property is located at 325 Vine Street NW Washington, DC.
What is the asking price?
The asking price for this property is $70,000,000.
What are key features of this property?
This property features: Prime NW DC location in the heart of Takoma Park, steps from the Metro.; New construction project delivering in 2026 with 170 residential units.; Mixed‑use commercial space with outstanding street visibility.
