Medical Office Condo
5410 Connecticut Avenue NW #119 Chevy Chase, DC 20015
5410 Connecticut Avenue NW #119, Chevy Chase, DC, 20015
$359,000
For Sale
$359,000
Compact medical office condo with private exam rooms, break area, and two restrooms near transit and neighborhood retail.
Property Size850 SF
Price / SF$422.35
Days on Market47
Property Features for 5410 Connecticut Avenue NW #119
General Information
- Standard status
- Active
- Size
- 850 SF
- Property subtype
- Office
Listing Agency
(301) 304-8392
Listed by
Nathan Bortnick
Source
Lpc
Added: Jun 2 Checked: Jul 17 at 5:10 am
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 Nathan Bortnick
Investment Insights
Based on property information with market context.
A well-suited medical office condo offering approximately 850 square feet of customizable space. The current layout includes private office or exam rooms, a break room, and two restrooms, providing a functional foundation for a range of healthcare practices. Two hypothetical layout options are referenced, allowing prospective owners to adapt the interior plan for their specific use.
The suite is located on Connecticut Avenue in Chevy Chase, DC, between Legation Street NW and Military Road NW. It benefits from an established neighborhood setting with nearby restaurants and retail shops, and it is within walking distance of the Friendship Heights Metro station.
This property is a practical fit for medical and therapy providers seeking an owned, ready-to-operate condo configuration. With multiple private rooms and dedicated restrooms already in place, it can support patient-facing workflows while keeping the space efficient. Buyers looking for a compact, adaptable office option in a walkable commercial corridor should find this condo’s existing improvements a useful starting point.
The suite is located on Connecticut Avenue in Chevy Chase, DC, between Legation Street NW and Military Road NW. It benefits from an established neighborhood setting with nearby restaurants and retail shops, and it is within walking distance of the Friendship Heights Metro station.
This property is a practical fit for medical and therapy providers seeking an owned, ready-to-operate condo configuration. With multiple private rooms and dedicated restrooms already in place, it can support patient-facing workflows while keeping the space efficient. Buyers looking for a compact, adaptable office option in a walkable commercial corridor should find this condo’s existing improvements a useful starting point.
Key Highlights
- 850 SF medical office condo on Connecticut Avenue in Chevy Chase, DC
- Includes private office/exam rooms plus a break area
- Two (2) restrooms within the unit
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.8k | $50.40 |
| − Vacancy | −$6.9k | −$8.06 |
| EGI | $36.0k | $42.34 |
| − OpEx | −$9.0k | −$10.58 |
| NOI | $27.0k | $31.75 |
850 SF · lease $50.40/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$385.6K
$337.4K – $449.8K
NOI $26,989 @ 7.0% cap · market cap 7.52%
Second Best
Healthcare Medical
$225.2K
$197.1K – $262.8K
NOI $15,765 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$437.2K
$382.6K – $510.1K
NOI $30,605 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
FAQs
What type of property is this?
Medical Office Space - Compact medical office condo with private exam rooms, break area, and two restrooms near transit and neighborhood retail.
Where is this medical office space located?
The property is located at 5410 Connecticut Avenue NW #119 Chevy Chase, DC.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: 850 SF medical office condo on Connecticut Avenue in Chevy Chase, DC; Includes private office/exam rooms plus a break area; Two (2) restrooms within the unit
