Capitol Hill Mixed-Use
For Sale
$3,495,000
329 8th St NE, Washington, DC 20002
State-of-the-art mixed-use property in a premier Capitol Hill setting.
Property Size4,860 SF
Price / SF$719.14
Days on Market142
Property Features for 329 8th St NE
General Information
Standard status
Active
Size
4,860 SF
Building Details
Year Built
1900
Listing Agency:
Compass
Listed By:
Jennifer S Smira · License #SP600505
(202) 280-2060
Source:
Soldbypattie
Added: Apr 24
Changed: Sep 8
Last Checked: Sep 11 at 4:47PM
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 Compass
Investment Insights
Based on property information with market context.
Located in Capitol Hill, this mixed-use property at 329 8th Street NE offers a blend of residential and commercial zoning. The semi-detached residence features approximately 5,000 square feet of living and working space with three exposures providing natural light. The property includes five bedrooms and 4.5 bathrooms, along with two-car off-street parking. Interior details include wide-plank white oak flooring, Porcelanosa tile, and bespoke finishes. The chef’s kitchen is designed for both intimate dinners and large-scale entertaining, equipped with premium appliances and a separate catering kitchen. The expansive lower level features a theater room, gym, and a private guest suite with its own entrance. The upper level includes a primary suite with a spa-inspired bath and energy-efficient systems. Additional bedroom suites and versatile living spaces offer options for personal comfort or professional use. The property is suitable for a Hill headquarters, diplomatic residence, or a modern home. The location offers a bike score of 99, a walk score of 91, and a transit score of 88.
Key Highlights
- Premier Capitol Hill location, steps from SCOTUS and the U.S. Capitol.
- Rare mixed‑use (MU‑4) zoning suitable for residential or commercial use.
- Approximately 5,000 sq ft of reimagined living and working space with bespoke finishes.
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
$162,125
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
4.64%
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%
$3,242,500
$3.2M
Cap Rate 7%
$2,316,071
$2.3M
Cap Rate 9%
$1,801,389
$1.8M
Market Conditions
NOI Build-Up for 4,860 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
$272.9K $56.16/SF
− Vacancy
−$56.8K −$11.68/SF
EGI
$216.2K $44.48/SF
− OpEx
−$54.0K −$11.12/SF
NOI
$162.1K $33.36/SF
Area
ZIP 20002
Vacancy
20.80%
Lease Rate
$56.16 /SF/Yr
Expense Ratio
25.00%
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%
$3,242,500
Cap Rate 7%
$2,316,071
Cap Rate 9%
$1,801,389
Alternative Uses
Best Use
Office B
$2.32M
$2.03M – $2.70M
NOI $162,125 @ 7.0% cap · market cap 4.64%
Second Best
Mixed Use
$1.26M
$1.10M – $1.47M
NOI $88,136 @ 7.0% cap · market cap 2.52%
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,646 @ 7.0% cap · market cap 5.03%
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
4,172
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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Market
Vacancy Rate% for Office in Washington, DC
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Frequently Asked Questions
What type of property is this?
Mixed-use property - State-of-the-art mixed-use property in a premier Capitol Hill setting.
Where is this mixed-use property located?
The property is located at 329 8th St NE Washington, DC.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: Premier Capitol Hill location, steps from SCOTUS and the U.S. Capitol.; Rare mixed‑use (MU‑4) zoning suitable for residential or commercial use.; Approximately 5,000 sq ft of reimagined living and working space with bespoke finishes.
