Corner Lot Restaurant with
For Sale
Contact for pricing
2827 Sherman Ave Nw, Washington, DC 20001
Corner lot restaurant property designated for a restaurant, bar, or cafe, with potential patio appeal.
Property Size3,200 SF
Price / SF$593.72
Days on Market861
Property Features for 2827 Sherman Ave Nw
General Information
Standard status
Active
Size
3,200 SF
Property subtype
RETAIL
Site & Location
Neighborhood
Pleasant Plains
Listing Agency:
ONE Street
(202) 867-5309
Listed By:
Kevin Brandes · License #DCSP98378229
(240) 813-9344
Source:
Moodyscre
Added: Jun 20, 2024
Changed: Oct 26
Last Checked: Oct 26 at 3:36PM
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 ONE Street
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This corner lot restaurant property is specifically designated for a restaurant, bar, or cafe use, with the potential for added patio charm. The asset is presented as a turnkey fit for food and beverage concepts seeking an established restaurant-specific setting.
The property is located at 2827 Sherman Ave NW in Washington, DC 20001, and is described in the public remarks as being in a sought-after area tied to Columbia Heights’ dining activity.
Offered for sale, this site is positioned to support a restaurant, bar, or cafe operator, with the added option of incorporating a patio as part of the guest experience.
The property is located at 2827 Sherman Ave NW in Washington, DC 20001, and is described in the public remarks as being in a sought-after area tied to Columbia Heights’ dining activity.
Offered for sale, this site is positioned to support a restaurant, bar, or cafe operator, with the added option of incorporating a patio as part of the guest experience.
Key Highlights
- Corner lot restaurant property designated for a restaurant, bar, or cafe
- 2827 Sherman Ave NW offers potential patio appeal
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,142
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,222,840
$1.2M
Cap Rate 7%
$873,457
$873.5K
Cap Rate 9%
$679,356
$679.4K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$84.5K $26.40/SF
− Vacancy
−$3.0K −$0.92/SF
EGI
$81.5K $25.48/SF
− OpEx
−$20.4K −$6.37/SF
NOI
$61.1K $19.11/SF
Area
Washington, DC
Vacancy
3.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,222,840
Cap Rate 7%
$873,457
Cap Rate 9%
$679,356
Alternative Uses
Best Use
Specialty Retail
$873.5K
$764.3K – $1.02M
NOI $61,142 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,218 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,266
Businesses Nearby
108k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Groceries 42%
Electronics 5%
Dining 4%
Giant
Groceries
45,769 visits/mo
0.5 miles
7-Eleven
Shops & Services
25,739 visits/mo
0.4 miles
BP
Shops & Services
8,046 visits/mo
0.5 miles
Bank of America
Shops & Services
4,955 visits/mo
0.5 miles
Nationwide Insurance
Shops & Services
4,153 visits/mo
0.4 miles
Demographics for 20001, DC
49,040
Population
26,728
Households
1.8
Avg Household Size
32
Median Age
78%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
24,520
Density / Sq Mi
$138,730
Median Household Income
$94,675
Median Earnings
$2,464
Median Rent
$844,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Washington, DC
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Corner lot restaurant property designated for a restaurant, bar, or cafe, with potential patio appeal.
Where is this conventional restaurant located?
The property is located at 2827 Sherman Ave Nw Washington, DC.
What is the asking price?
The asking price for this property is $1,899,900.
What are key features of this property?
This property features: Corner lot restaurant property designated for a restaurant, bar, or cafe; 2827 Sherman Ave NW offers potential patio appeal
