H Street Restaurant with
For Sale
$990,000
1380 H St NE, Washington, DC 20002
Second-generation restaurant with apartment on H Street NE corridor.
Property Size2,403 SF
Price / SF$411.99
Days on Market183
Property Features for 1380 H St NE
General Information
Standard status
Active
Size
2,403 SF
Building Details
Year Built
1927
Listing Agency:
Greysteel Company LLC
Listed By:
Ari Firoozabadi · License #SP98361353
(202) 280-2722
Source:
Southjerseyshorehomesfinder
Added: Mar 11
Changed: Sep 8
Last Checked: Sep 7 at 9:03AM
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 is a second-generation restaurant with a large apartment, located at the signalized northwest corner of 14th and H Street NE. It features ample outdoor space suitable for cafe seating. The property has corner street retail frontage on the H Street NE corridor, connecting Union Station to the west and the planned RFK Stadium redevelopment (170 Acres) to the east. It is ideal for an owner/user looking to open their own restaurant/cafe concept, with the ability to either lease out the apartment for additional income or live upstairs. There is an opportunity to add value through converting the 1,300 square foot 1-bedroom apartment to 2+ bedrooms. Attractive SBA financing is available with as little as 10% down.
Key Highlights
- Prime corner location on H Street NE corridor, connecting Union Station and the RFK Stadium redevelopment.
- Second generation restaurant space with a large apartment, ideal for owner‑user.
- Opportunity to add value by converting the 1,300 sf apartment to 2+ bedrooms.
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
$61,961
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
6.26%
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%
$1,239,220
$1.2M
Cap Rate 7%
$885,157
$885.2K
Cap Rate 9%
$688,456
$688.5K
Market Conditions
NOI Build-Up for 2,403 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
$86.5K $36.00/SF
− Vacancy
−$3.9K −$1.62/SF
EGI
$82.6K $34.38/SF
− OpEx
−$20.7K −$8.59/SF
NOI
$62.0K $25.78/SF
Area
ZIP 20002
Vacancy
4.50%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,239,220
Cap Rate 7%
$885,157
Cap Rate 9%
$688,456
Alternative Uses
Best Use
Specialty Retail
$885.2K
$774.5K – $1.03M
NOI $61,961 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,847 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,287
Businesses Nearby
169k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 44%
Dining 29%
Shops & Services 23%
Apparel 3%
Safeway
Groceries
43,318 visits/mo
0.3 miles
Aldi
Groceries
31,612 visits/mo
0.5 miles
Chick-fil-A
Dining
27,104 visits/mo
0.1 miles
McDonald's
Dining
15,820 visits/mo
0.3 miles
Bank of America
Shops & Services
14,101 visits/mo
0.5 miles
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
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.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Second-generation restaurant with apartment on H Street NE corridor.
Where is this conventional restaurant located?
The property is located at 1380 H St NE Washington, DC.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Prime corner location on H Street NE corridor, connecting Union Station and the RFK Stadium redevelopment.; Second generation restaurant space with a large apartment, ideal for owner‑user.; Opportunity to add value by converting the 1,300 sf apartment to 2+ bedrooms.
