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Stately Logan Circle Mixed-Use Building

1501 11th St Nw, Washington, DC 20001

For Sale
$2,200,000

Historic Shaw end-cap Victorian mansion suitable for various uses.

Property Size6,213 SF
Lot Size0.02 Acres
Price / SF$354.10
Days on Market835

Property Features for 1501 11th St Nw

General Information

Standard status Active
Size 6,213 SF
Lot size 0.02 Acres
Property subtype Commercial

Site & Location

Neighborhood Shaw

Taxes and HOA fees

Annual Taxes $22,121

Building Details

Year Built 1890
Listing Agency: FLEUR DE LIS, LLC
Listed By: MONIQUE A WALKER · License DC BR98379354
Source: Corcoran
Added: Jul 29, 2024 Changed: Aug 26 Last Checked: Aug 14 at 6:01AM

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 FLEUR DE LIS, LLC

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Investment Insights

Based on property information with market context.

This stately Logan Circle building, totaling 6,213 square feet per public record, presents a unique opportunity for reimagination. Constructed in 1890, the property features three levels with a loft area, comprising 4,950 square feet above grade, and an additional 1,263 square foot English basement. Available for sale for the first time in decades, this end-cap Victorian mansion is located in historic Shaw on a corner lot, offering significant curb appeal. Character elements include millwork and masonry, a wrought iron exterior entrance stairway, a fenced yard, and replacement windows. The building is fully sprinklered and features three distinct entrance areas, as well as life safety egress. The 11th Street corridor has been up-zoned to encourage mixed-use development, specifically commercial and residential uses. The District of Columbia has prioritized this property as mixed-use. The 2021 Comprehensive Plan Map reflects the new zoning of MU-4 (Mixed-Use), permitting a broad range of commercial, institutional, and multiple dwelling unit residential development. The sun-drenched building features ample windows providing natural light throughout. It was most recently leased as a multi-tenanted office building, but can easily be converted back to a single-family home or multiple units. The open floor plan allows for a modern workplace experience with a board room and creative space. The parlor areas can be utilized as flex spaces for seminars, receptions, makers space, or collaborative meeting space. The building functions very well as an office and can accommodate an around-the-clock work environment, complete with a full bathroom with stand-up shower, additional powder restrooms, a kitchen/breakroom, storage, swing space, and private rooms/offices. Proximate to bustling Logan Circle, the site is walking distance to 4 Metro rail stations, various attractions, and amenities.

Key Highlights

  • Prime Logan Circle Location: Walking distance to 4 Metro stations, attractions, amenities, and services.
  • Flexible Mixed‑Use Zoning (MU‑4): Permits a broad range of commercial, residential, and institutional development.
  • Significant Size and Layout: 6,213 SQFT with 3 levels, open floor plan, and multiple entry points, suitable for various uses.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$102,515
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,050,300 $2.1M
Cap Rate 7%
$1,464,500 $1.5M
Cap Rate 9%
$1,139,056 $1.1M
Market Conditions
NOI Build-Up for 6,213 SF
Gross rent
$186.4K $30.00/SF
− Vacancy
−$22.4K −$3.60/SF
EGI
$164.0K $26.40/SF
− OpEx
−$61.5K −$9.90/SF
NOI
$102.5K $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 Rate 5%
$2,050,300
Cap Rate 7%
$1,464,500
Cap Rate 9%
$1,139,056

Alternative Uses

Best Use
Mixed Use
$1.46M
$1.28M – $1.71M (±1% cap)
NOI $102,515 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.20M
$2.80M – $3.73M (±1% cap)
NOI $223,704 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Murrell & Associates Law Firm

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Tanning Salon Adult Day Care Clothing & Fashion Store Buffet

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

14,836
Businesses Nearby

Demographics for 20001, DC

49,040
Population
26,728
Households
1.8
Avg Household Size
32
Median Age
78%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
24,520
Density / Sq Mi
$138,730
Median Household Income
$94,675
Median Earnings
$2,464
Median Rent
$844,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Mixed-use properties in Washington, DC

$531 Jul
$608 Aug
$510 Sep
$502 Oct

Properties on Market for Mixed-use properties in Washington

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Mixed-use property - Historic Shaw end-cap Victorian mansion suitable for various uses.
Where is this mixed-use property located?
The property is located at 1501 11th St Nw Washington, DC.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Prime Logan Circle Location: Walking distance to 4 Metro stations, attractions, amenities, and services.; Flexible Mixed‑Use Zoning (MU‑4): Permits a broad range of commercial, residential, and institutional development.; Significant Size and Layout: 6,213 SQFT with 3 levels, open floor plan, and multiple entry points, suitable for various uses.
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