Renovated Multi-Story Office
For Sale
Contact for pricing
1726 20th St NW, Washington, DC 20009
Ground-floor Emissary Coffee operates under an NNN lease while vacant upper floors are renovated as office space.
Property Size2,576 SF
Price / SF$650.23
Days on Market567
Property Features for 1726 20th St NW
General Information
Standard status
Active
Size
2,576 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Northwest
Additional Details
Sprinkler System
Yes
Amenities
kitchenette
outdoor patio
Building Details
Stories
4
Listing Agency:
Greysteel - Corporate
(202) 280-2722
Listed By:
Ian Weisz
(301) 461-7817
Source:
Moodyscre
Added: Apr 10, 2025
Changed: Oct 25
Last Checked: Oct 28 at 7:49AM
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 - Corporate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multi-story property includes retail and office components. The ground floor is occupied by Emissary Coffee under a NNN lease through February 2030, with utilities separately metered for the ground-floor space. The property will be delivered with the 2nd, 3rd, and 4th floors vacant, currently renovated as high-end office space.
The upstairs renovations include HVAC upgrades, three half-baths, a kitchenette, an outdoor patio, sprinklers, and a rear fire escape. For an owner-occupant, the existing office improvements provide ready-to-use space across the vacant floors. For an investor, the current renovations may support further redevelopment, including a potential conversion to residential as described in the seller’s remarks.
The property is located at 1726 20th St NW, Washington, DC 20009.
The upstairs renovations include HVAC upgrades, three half-baths, a kitchenette, an outdoor patio, sprinklers, and a rear fire escape. For an owner-occupant, the existing office improvements provide ready-to-use space across the vacant floors. For an investor, the current renovations may support further redevelopment, including a potential conversion to residential as described in the seller’s remarks.
The property is located at 1726 20th St NW, Washington, DC 20009.
Key Highlights
- Ground floor is leased to Emissary Coffee on a NNN lease through February 2030
- Ground‑floor unit is separately metered for all utilities
- Vacant 2nd, 3rd, and 4th floors will be delivered with renovated high‑end office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,224
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,464,480
$1.5M
Cap Rate 7%
$1,046,057
$1.0M
Cap Rate 9%
$813,600
$813.6K
Market Conditions
NOI Build-Up for 2,576 SF
Gross rent
$116.2K $45.12/SF
− Vacancy
−$18.6K −$7.22/SF
EGI
$97.6K $37.90/SF
− OpEx
−$24.4K −$9.48/SF
NOI
$73.2K $28.43/SF
Area
ZIP 20009
Vacancy
16.00%
Lease Rate
$45.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,464,480
Cap Rate 7%
$1,046,057
Cap Rate 9%
$813,600
Alternative Uses
Best Use
Office B
$1.05M
$915.3K – $1.22M
NOI $73,224 @ 7.0% cap · market cap 4.37%
Second Best
Specialty Retail
$716.9K
$627.3K – $836.4K
NOI $50,182 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,751 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
8,534
Businesses Nearby
Explore this area
Business Placement
Demographics for 20009, DC
53,357
Population
31,824
Households
1.7
Avg Household Size
34
Median Age
84%
College-Educated
97%
High-School Grad
1.3 sq mi
ZIP Area
41,044
Density / Sq Mi
$140,555
Median Household Income
$99,606
Median Earnings
$2,346
Median Rent
$727,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Washington, DC
Frequently Asked Questions
What type of property is this?
Office building - Ground-floor Emissary Coffee operates under an NNN lease while vacant upper floors are renovated as office space.
Where is this office building located?
The property is located at 1726 20th St NW Washington, DC.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Ground floor is leased to Emissary Coffee on a NNN lease through February 2030; Ground‑floor unit is separately metered for all utilities; Vacant 2nd, 3rd, and 4th floors will be delivered with renovated high‑end office space
