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 Market228
Property Features for 1380 H St NE
General Information
Standard status
Active
Size
2,403 SF
Site & Location
Neighborhood
Trinidad
Building Details
Year Built
1927
Listing Agency:
Greysteel Company LLC
Listed By:
Ari Firoozabadi · License #0225081719
(704) 274-1830
Source:
Southjerseyshorehomesfinder
Added: Mar 11
Changed: Oct 12
Last Checked: Oct 7 at 5:42PM
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
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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 / Yr
$61,961
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Washington, DC
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.
