Columbia Heights Mixed-Use
For Sale
$1,470,000
1500 Ogden St NW, Washington, DC 20010
Mixed-use property with retail and residential units in DC.
Property Size3,500 SF
Lot Size0.01 Acres
Price / SF$420
Days on Market157
Property Features for 1500 Ogden St NW
General Information
Standard status
Active
Size
3,500 SF
Lot size
0.01 Acres
Building Details
Year Built
1922
Listing Agency:
Fairfax Realty
Listed By:
Kevin B Shin · License #0225069693
(703) 395-3123
Source:
Premierehomegroup
Added: May 12
Changed: Oct 2
Last Checked: Oct 7 at 2:06PM
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 Fairfax Realty
Investment Insights
Based on property information with market context.
Located in the Columbia Heights neighborhood of Washington DC, 1500 Ogden St NW is a mixed-use property featuring one retail/convenience store unit and two vacant residential apartment units. Each of the three-bedroom, three-bathroom residential units ranges from 1,000 to 1,250 square feet and has been recently renovated. Each unit includes a washer and dryer, separate electric meters, a secured gate entrance, and an enclosed rear patio. The property benefits from its location across from bus routes and two blocks from the Columbia Heights Metro, Target Shopping Center, Starbucks, and Trader Joe's. The second and third levels are vacant. The property includes carbon monoxide detectors, smoke detectors, a sprinkler system, new windows, and new HVAC units. An additional 600 square foot rectangular, adjacent vacant lot could be used for off-street parking for 3-4 cars. The location has a bike score of 80, indicating it is very bikeable, a walk score of 88, indicating it is very walkable, and a transit score of 75, indicating excellent transit options.
Key Highlights
- Prime Columbia Heights location: Mixed‑use corner property with retail and residential units.
- Two vacant, renovated 3‑bed/3‑bath apartments (1,000‑1,250 SF each) with in‑unit washer/dryer.
- Includes a 600 SF vacant lot, ideal for off‑street parking (3‑4 cars).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,875
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,337,500
$1.3M
Cap Rate 7%
$955,357
$955.4K
Cap Rate 9%
$743,056
$743.1K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$92.4K $26.40/SF
− Vacancy
−$3.2K −$0.92/SF
EGI
$89.2K $25.48/SF
− OpEx
−$22.3K −$6.37/SF
NOI
$66.9K $19.11/SF
Area
Washington, DC
Vacancy
3.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,337,500
Cap Rate 7%
$955,357
Cap Rate 9%
$743,056
Alternative Uses
Best Use
Specialty Retail
$955.4K
$835.9K – $1.11M
NOI $66,875 @ 7.0% cap · market cap 4.55%
Second Best
Mixed Use
$825.0K
$721.9K – $962.5K
NOI $57,750 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,020 @ 7.0% cap · market cap 8.57%
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
2,813
Businesses Nearby
102k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 45%
Shops & Services 28%
Electronics 24%
Dining 2%
Giant
Groceries
45,769 visits/mo
0.4 miles
Best Buy
Electronics
23,961 visits/mo
0.5 miles
Exxon
Shops & Services
13,952 visits/mo
0.1 miles
7-Eleven
Shops & Services
5,639 visits/mo
0.2 miles
Wells Fargo
Shops & Services
3,113 visits/mo
0.4 miles
Demographics for 20010, DC
32,663
Population
15,917
Households
2.1
Avg Household Size
33
Median Age
67%
College-Educated
87%
High-School Grad
1.0 sq mi
ZIP Area
32,663
Density / Sq Mi
$110,260
Median Household Income
$81,834
Median Earnings
$1,815
Median Rent
$868,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Mixed-use property with retail and residential units in DC.
Where is this mixed-use property located?
The property is located at 1500 Ogden St NW Washington, DC.
What is the asking price?
The asking price for this property is $1,470,000.
What are key features of this property?
This property features: Prime Columbia Heights location: Mixed‑use corner property with retail and residential units.; Two vacant, renovated 3‑bed/3‑bath apartments (1,000‑1,250 SF each) with in‑unit washer/dryer.; Includes a 600 SF vacant lot, ideal for off‑street parking (3‑4 cars).
