Corner Mixed-Use
New
For Sale
$1,250,000
801 EAST CAPITOL STREET SE, Washington, DC 20003
Commercial space and a separate two-bedroom residence occupy this architecturally distinctive Washington building.
Property Size2,244 SF
Price / SF$557.04
Days on Market5
Property Features for 801 EAST CAPITOL STREET SE
General Information
Standard status
Active
Size
2,244 SF
Property subtype
Mixed Use
Additional Details
Floor
Ground Floor, Basement
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$9,908
Building Details
Building Size
2,244 SF
Year Built
1908
Buildings
1
Construction
brick
Listing Agency:
TTR Sotheby's International Realty
(301) 741-6730
Listed By:
Thomas Joseph Ferris Jr. · License #SP40001280
(301) 741-6730
Source:
Kerishull
Added: Aug 15
Changed: Aug 17
Last Checked: Aug 18 at 5:24AM
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 TTR Sotheby's International Realty
Investment Insights
Based on property information with market context.
Built in 1908, 801 East Capitol Street SE is a mixed-use property with commercial space on the ground floor and basement. The building also includes a separately accessed two-bedroom, one-and-a-half-bath residence. Its residential layout places the living area and kitchen on the second floor, with two bedrooms on the third floor.
The corner building features a turret, brick detailing, and a curved architectural profile. The commercial portion is positioned for retail, office, or creative-practice use based on its configuration. The property is located in Washington, DC, near Lincoln Park and within reach of Eastern Market.
The corner building features a turret, brick detailing, and a curved architectural profile. The commercial portion is positioned for retail, office, or creative-practice use based on its configuration. The property is located in Washington, DC, near Lincoln Park and within reach of Eastern Market.
Key Highlights
- Mixed‑use building with ground‑floor and basement commercial space
- Separate entrance to a two‑bedroom, one‑and‑a‑half‑bath residence
- Residential living area and kitchen occupy the second floor
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
$37,026
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
2.96%
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%
$740,520
$740.5K
Cap Rate 7%
$528,943
$528.9K
Cap Rate 9%
$411,400
$411.4K
Market Conditions
NOI Build-Up for 2,244 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
$67.3K $30.00/SF
− Vacancy
−$8.1K −$3.60/SF
EGI
$59.2K $26.40/SF
− OpEx
−$22.2K −$9.90/SF
NOI
$37.0K $16.50/SF
Area
Washington, DC
Vacancy
12.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
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%
$740,520
Cap Rate 7%
$528,943
Cap Rate 9%
$411,400
Alternative Uses
Best Use
Mixed Use
$528.9K
$462.8K – $617.1K
NOI $37,026 @ 7.0% cap · market cap 2.96%
Second Best
Retail
$514.3K
$450.0K – $600.1K
NOI $36,003 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$1.15M
$1.01M – $1.35M
NOI $80,797 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,929
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 36%
BP
Shops & Services
9,147 visits/mo
0.5 miles
Starbucks
Dining
8,858 visits/mo
0.4 miles
Bank of America
Shops & Services
7,989 visits/mo
0.5 miles
Truist
Shops & Services
4,728 visits/mo
0.4 miles
Pizza Boli's
Dining
2,301 visits/mo
0.5 miles
Demographics for 20003, DC
36,501
Population
20,817
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
15,870
Density / Sq Mi
$159,604
Median Household Income
$107,846
Median Earnings
$2,630
Median Rent
$954,200
Median Home Value
Market
Vacancy Rate% for Retail in Washington, DC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space and a separate two-bedroom residence occupy this architecturally distinctive Washington building.
Where is this mixed-use property located?
The property is located at 801 EAST CAPITOL STREET SE Washington, DC.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Mixed‑use building with ground‑floor and basement commercial space; Separate entrance to a two‑bedroom, one‑and‑a‑half‑bath residence; Residential living area and kitchen occupy the second floor
