Industrial Auto Repair Building with Two
For Sale
$2,050,000
3001 Earl Pl NE, Washington, DC 20018
Vacant-deliverable industrial auto repair building with ample office space and two drive-in doors for owner-users or tenants.
Property Size6,760 SF
Price / SF$303.25
Days on Market83
Property Features for 3001 Earl Pl NE
General Information
Standard status
Active
Size
6,760 SF
Zoning
PDR-1
Site & Location
Traffic Count
13,900 vehicles/day
Road Access
Yes
Additional Details
Drive-In Doors
2
Building Details
Year Built
1991
Listing Agency:
Greysteel Company LLC
Listed By:
Ari Firoozabadi · License #SP98361353
(202) 280-2722
Source:
Selltheshore
Added: Jun 15
Changed: Sep 4
Last Checked: Sep 2 at 3:41PM
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
Investment Insights
Based on property information with market context.
This 6,760 SF industrial property is currently used as an auto repair shop and can be delivered vacant. The building includes two drive-in doors and ample office space, supporting automotive operations with space for administration, coordination, and customer or staff needs. The lot provides room to operate, and the configuration supports flexible industrial usage consistent with its zoning.
The property is situated just off Bladensburg Road NE, a major arterial corridor connecting NE DC and Prince George’s County. Reported average daily traffic for the corridor is over 13,900, helping drive visibility and access for industrial customers and service traffic.
Flexible zoning plays a significant role in the property’s utility. Large lot size and PDR-1 zoning allow for an array of industrial uses by right, and the site’s by-right density includes room for future expansion—up to an additional 33,000 SF. With two drive-in doors, available office space, and a delivery-ready status, the property is well suited to an owner-user seeking an automotive-capable industrial base, or a tenant looking for a by-right industrial platform with expansion capacity.
The property is situated just off Bladensburg Road NE, a major arterial corridor connecting NE DC and Prince George’s County. Reported average daily traffic for the corridor is over 13,900, helping drive visibility and access for industrial customers and service traffic.
Flexible zoning plays a significant role in the property’s utility. Large lot size and PDR-1 zoning allow for an array of industrial uses by right, and the site’s by-right density includes room for future expansion—up to an additional 33,000 SF. With two drive-in doors, available office space, and a delivery-ready status, the property is well suited to an owner-user seeking an automotive-capable industrial base, or a tenant looking for a by-right industrial platform with expansion capacity.
Key Highlights
- 6,760 SF industrial auto repair building (built 1991) currently used as an auto repair shop and can be delivered vacant
- Two drive‑in doors plus ample office space for an owner‑user or tenant
- PDR‑1 zoning offers flexible industrial uses by right
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
$108,457
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
5.29%
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%
$2,169,140
$2.2M
Cap Rate 7%
$1,549,386
$1.5M
Cap Rate 9%
$1,205,078
$1.2M
Market Conditions
NOI Build-Up for 6,760 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
$162.2K $24.00/SF
− Vacancy
−$7.3K −$1.08/SF
EGI
$154.9K $22.92/SF
− OpEx
−$46.5K −$6.88/SF
NOI
$108.5K $16.04/SF
Area
Washington, DC
Vacancy
4.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,169,140
Cap Rate 7%
$1,549,386
Cap Rate 9%
$1,205,078
Alternative Uses
Best Use
Retail
$1.55M
$1.36M – $1.81M
NOI $108,457 @ 7.0% cap · market cap 5.29%
Second Best
Industrial
$973.4K
$851.8K – $1.14M
NOI $68,141 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$3.48M
$3.04M – $4.06M
NOI $243,399 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
13,900 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,077
Businesses Nearby
26k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 33%
Popeyes Louisiana Kitchen
Dining
8,662 visits/mo
0.3 miles
7-Eleven
Shops & Services
7,252 visits/mo
0.1 miles
Shell
Shops & Services
4,394 visits/mo
0.4 miles
Exxon
Shops & Services
4,227 visits/mo
0.3 miles
Extra Space Storage
Shops & Services
1,932 visits/mo
0.4 miles
Demographics for 20018, DC
20,646
Population
9,753
Households
2.1
Avg Household Size
39
Median Age
46%
College-Educated
89%
High-School Grad
3.0 sq mi
ZIP Area
6,882
Density / Sq Mi
$92,569
Median Household Income
$71,947
Median Earnings
$1,245
Median Rent
$672,100
Median Home Value
Market
Vacancy Rate% for Retail in Washington, DC
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- Always Towing & Recovery — 1859 Edwin St NE, Washington, DC 20018
- Collision Auto Clinic — 2206 Lawrence Ave NE, Washington, DC 20018
Frequently Asked Questions
What type of property is this?
Auto shop - Vacant-deliverable industrial auto repair building with ample office space and two drive-in doors for owner-users or tenants.
Where is this auto shop located?
The property is located at 3001 Earl Pl NE Washington, DC.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: 6,760 SF industrial auto repair building (built 1991) currently used as an auto repair shop and can be delivered vacant; Two drive‑in doors plus ample office space for an owner‑user or tenant; PDR‑1 zoning offers flexible industrial uses by right
