Corner Lot Restaurant with
2827 Sherman Ave Nw Washington, DC 20001
For Sale
Contact for pricing
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 Market771
Property Features for 2827 Sherman Ave Nw
General Information
Standard status
Active
Size
3,200 SF
Property subtype
RETAIL
Listing Agency:
ONE Street
(240) 813-9344
Listed By:
Kevin Brandes · License #DCSP98378229
Source:
Moodyscre
Added: Jun 20, 2024
Changed: Jul 27
Last Checked: Jul 29 at 3:08PM
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
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 For Specialty Retail
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 | $84.5k | $26.40 |
| − Vacancy | −$3.0k | −$0.92 |
| EGI | $81.5k | $25.48 |
| − OpEx | −$20.4k | −$6.37 |
| NOI | $61.1k | $19.11 |
3,200 SF · lease $26.40/SF/yr · vacancy 3.50% · expense 25.00%
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.
Property Analytics
Location Intelligence
Current Use
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
