Stately Logan Circle Mixed-Use
For Sale
$2,200,000
1501 11th St Nw, Washington, DC 20001
Historic Shaw end-cap Victorian mansion suitable for various uses.
Property Size6,213 SF
Lot Size0.02 Acres
Price / SF$354.10
Days on Market745
Property Features for 1501 11th St Nw
General Information
Standard status
Active
Size
6,213 SF
Lot size
0.02 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$22,121
Building Details
Year Built
1890
Listing Agency:
FLEUR DE LIS, LLC
(301) 750-7040
Listed By:
MONIQUE A WALKER · License #BR98379354
Source:
Corcoran
Added: Jul 29, 2024
Changed: Aug 10
Last Checked: Aug 10 at 2:28PM
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
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 = 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
$197,275
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
8.97%
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%
$3,945,500
$3.9M
Cap Rate 7%
$2,818,214
$2.8M
Cap Rate 9%
$2,191,944
$2.2M
Market Conditions
NOI Build-Up for 6,213 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
$313.1K $50.40/SF
− Vacancy
−$50.1K −$8.06/SF
EGI
$263.0K $42.34/SF
− OpEx
−$65.8K −$10.58/SF
NOI
$197.3K $31.75/SF
Area
Washington, DC
Vacancy
16.00%
Lease Rate
$50.40 /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%
$3,945,500
Cap Rate 7%
$2,818,214
Cap Rate 9%
$2,191,944
Alternative Uses
Best Use
Office B
$2.82M
$2.47M – $3.29M
NOI $197,275 @ 7.0% cap · market cap 8.97%
Second Best
Apartment 5plus
$1.47M
$1.29M – $1.72M
NOI $103,232 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$3.20M
$2.80M – $3.73M
NOI $223,704 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
14,836
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Washington, DC
Questions? Ask Rey
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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.
