Three-Level Retail
1723 COLUMBIA RD NW, Washington, DC 20009
For Sale
Contact for pricing
Vacant restaurant space offers an existing second-generation layout in the Adams Morgan commercial area.
Property Size2,335 SF
Lot Size0.03 Acres
Price / SF$449.68
Days on Market27
Property Features for 1723 COLUMBIA RD NW
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Buildings
Stories
Listing Agency:
NAI KLNB (Baltimore, MD)
Listed By:
Vito Lupo · License #DC SP98372397
Source:
Crexi
Added: Oct 14
Changed: Nov 8
Last Checked: Nov 8 at 5:55PM
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 NAI KLNB (Baltimore, MD)
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 1723 Columbia Road NW in Washington, DC, this three-level retail building contains 2,335 square feet on a 1,522-square-foot lot. The property is vacant and has a second-generation restaurant layout. MU-5A zoning allows a by-right FAR of 3.50.
The property is a couple of blocks from the 18th Street retail corridor. More than 10,000 residents live within a quarter-mile radius.
The property is a couple of blocks from the 18th Street retail corridor. More than 10,000 residents live within a quarter-mile radius.
Key Highlights
- 2,335 SF building on a 1,522 SF lot
- Three‑level retail building
- Vacant space with a second‑generation restaurant layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,487
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$909,740
$909.7K
Cap Rate 7%
$649,814
$649.8K
Cap Rate 9%
$505,411
$505.4K
Market Conditions
NOI Build-Up for 2,335 SF
Gross rent
$63.0K $27.00/SF
− Vacancy
−$2.4K −$1.03/SF
EGI
$60.6K $25.97/SF
− OpEx
−$15.2K −$6.49/SF
NOI
$45.5K $19.48/SF
Area
ZIP 20009
Vacancy
3.80%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$909,740
Cap Rate 7%
$649,814
Cap Rate 9%
$505,411
Alternative Uses
Best Use
Specialty Retail
$649.8K
$568.6K – $758.1K
NOI $45,487 @ 7.0% cap · market cap 4.33%
Second Best
Retail
$582.5K
$509.7K – $679.6K
NOI $40,775 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,073 @ 7.0% cap · market cap 8.01%
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
Location Intelligence
Trade Area within ½ mile
4,590
Businesses Nearby
63k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 55%
Dining 32%
Shops & Services 12%
Safeway
Groceries
17,478 visits/mo
0.0 miles
Harris Teeter
Groceries
16,637 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
12,770 visits/mo
0.1 miles
Elevation Burger
Dining
3,143 visits/mo
0.4 miles
7-Eleven
Shops & Services
3,080 visits/mo
0.4 miles
Demographics for 20009, DC
53,357
Population
31,824
Households
1.7
Avg Household Size
34
Median Age
84%
College-Educated
97%
High-School Grad
1.3 sq mi
ZIP Area
41,044
Density / Sq Mi
$140,555
Median Household Income
$99,606
Median Earnings
$2,346
Median Rent
$727,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Washington, DC
Properties on Market for Storefront properties in Washington
Vacancy Rate% for Retail in Washington, DC
Similar Off Market Nearby
- Luna craft & cactus — 1782 Columbia Rd NW, Washington, DC 20009
- Little Shop of Flowers — 2421 18th St NW, Washington, DC 20009
- Bees Flower Shop LLC — 3045 15th St NW #7, Washington, DC 20009
- Petal DC — Kenyon St NW, Washington, DC 20010
- Anuheas Same Day Flower Delivery Inc. — 1340 park rd nw, washington, dc 20010
Frequently Asked Questions
What type of property is this?
Storefront property - Vacant restaurant space offers an existing second-generation layout in the Adams Morgan commercial area.
Where is this storefront property located?
The property is located at 1723 COLUMBIA RD NW Washington, DC.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 2,335 SF building on a 1,522 SF lot; Three‑level retail building; Vacant space with a second‑generation restaurant layout
