Georgetown Retail and Office
For Sale
$2,500,000
1620 Wisconsin Ave Nw, Washington, DC 20007
Move-in ready retail/office townhouse in the heart of Georgetown.
Property Size3,800 SF
Lot Size0.03 Acres
Price / SF$657.89
Days on Market168
Property Features for 1620 Wisconsin Ave Nw
General Information
Standard status
Active
Size
3,800 SF
Lot size
0.03 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$17,177
Amenities
Business District
Road Frontage
Building Details
Year Built
1900
Listing Agency:
THE GENAU GROUP, LLC.
(202) 735-5382
Listed By:
FLETCHER DAVID GILL · License #DCPB98371620
Source:
Corcoran
Added: Feb 26
Changed: Aug 8
Last Checked: Aug 8 at 2:45PM
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 THE GENAU GROUP, LLC.
Investment Insights
Based on property information with market context.
Located on Wisconsin Avenue NW, this three-story townhouse offers a rare opportunity in Georgetown. The property, offered for sale, features approximately 3,800 square feet of space on a 1,307-square-foot lot. Zoned MU-4, the building provides flexibility for various retail, medical, or office uses. The property includes approximately 3,000 square feet across two main floors, along with an additional 800 square feet of finished basement space, allowing for efficient layouts and multiple configuration options. Upgrades include central air, a new boiler, and exterior security cameras. Situated along Wisconsin Avenue, the property benefits from exposure to approximately 16,090 vehicles passing daily, as well as foot traffic and access to public transportation, the Georgetown Waterfront, Francis Scott Key Bridge, and major commuter routes. The location is ideal for an owner-occupant seeking a high-visibility presence. The property is located in one of DC’s established neighborhoods.
Key Highlights
- Prime Georgetown Location: Highly visible position on Wisconsin Avenue.
- Flexible MU‑4 Zoning: Supports retail, medical, and office uses.
- Move‑In Ready Condition: Includes central air, new boiler, and security cameras.
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
$120,658
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
4.83%
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%
$2,413,160
$2.4M
Cap Rate 7%
$1,723,686
$1.7M
Cap Rate 9%
$1,340,644
$1.3M
Market Conditions
NOI Build-Up for 3,800 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
$191.5K $50.40/SF
− Vacancy
−$30.6K −$8.06/SF
EGI
$160.9K $42.34/SF
− OpEx
−$40.2K −$10.58/SF
NOI
$120.7K $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%
$2,413,160
Cap Rate 7%
$1,723,686
Cap Rate 9%
$1,340,644
Alternative Uses
Best Use
Office B
$1.72M
$1.51M – $2.01M
NOI $120,658 @ 7.0% cap · market cap 4.83%
Second Best
Healthcare Medical
$1.01M
$881.0K – $1.17M
NOI $70,479 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,822 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,031
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20007, DC
26,827
Population
13,583
Households
2
Avg Household Size
35
Median Age
87%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
8,654
Density / Sq Mi
$142,783
Median Household Income
$93,107
Median Earnings
$2,066
Median Rent
$1,202,900
Median Home Value
Market
Vacancy Rate% for Office in Washington, DC
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Move-in ready retail/office townhouse in the heart of Georgetown.
Where is this storefront property located?
The property is located at 1620 Wisconsin Ave Nw Washington, DC.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Prime Georgetown Location: Highly visible position on Wisconsin Avenue.; Flexible MU‑4 Zoning: Supports retail, medical, and office uses.; Move‑In Ready Condition: Includes central air, new boiler, and security cameras.
