Renovated Multi-Story Office
1726 20th St NW Washington, DC 20009
For Sale
Contact for pricing
Ground-floor Emissary Coffee operates under an NNN lease while vacant upper floors are renovated as office space.
Property Size2,576 SF
Price / SF$650.23
Days on Market476
Property Features for 1726 20th St NW
General Information
Standard status
Active
Size
2,576 SF
Property subtype
OFFICE
Listing Agency:
Greysteel - Corporate
(301) 461-7817
Listed By:
Ian Weisz · License #DC#SP200205686
(301) 461-7817
Source:
Moodyscre
Added: Apr 10, 2025
Changed: Jul 28
Last Checked: Jul 29 at 3:26PM
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 Greysteel - Corporate
Investment Insights
Based on property information with market context.
This multi-story property includes retail and office components. The ground floor is occupied by Emissary Coffee under a NNN lease through February 2030, with utilities separately metered for the ground-floor space. The property will be delivered with the 2nd, 3rd, and 4th floors vacant, currently renovated as high-end office space.
The upstairs renovations include HVAC upgrades, three half-baths, a kitchenette, an outdoor patio, sprinklers, and a rear fire escape. For an owner-occupant, the existing office improvements provide ready-to-use space across the vacant floors. For an investor, the current renovations may support further redevelopment, including a potential conversion to residential as described in the seller’s remarks.
The property is located at 1726 20th St NW, Washington, DC 20009.
The upstairs renovations include HVAC upgrades, three half-baths, a kitchenette, an outdoor patio, sprinklers, and a rear fire escape. For an owner-occupant, the existing office improvements provide ready-to-use space across the vacant floors. For an investor, the current renovations may support further redevelopment, including a potential conversion to residential as described in the seller’s remarks.
The property is located at 1726 20th St NW, Washington, DC 20009.
Key Highlights
- Ground floor is leased to Emissary Coffee on a NNN lease through February 2030
- Ground‑floor unit is separately metered for all utilities
- Vacant 2nd, 3rd, and 4th floors will be delivered with renovated high‑end office space
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $116.2k | $45.12 |
| − Vacancy | −$18.6k | −$7.22 |
| EGI | $97.6k | $37.90 |
| − OpEx | −$24.4k | −$9.48 |
| NOI | $73.2k | $28.43 |
2,576 SF · lease $45.12/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.05M
$915.3K – $1.22M
NOI $73,224 @ 7.0% cap · market cap 4.37%
Second Best
Specialty Retail
$716.9K
$627.3K – $836.4K
NOI $50,182 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,751 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Ground-floor Emissary Coffee operates under an NNN lease while vacant upper floors are renovated as office space.
Where is this office building located?
The property is located at 1726 20th St NW Washington, DC.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Ground floor is leased to Emissary Coffee on a NNN lease through February 2030; Ground‑floor unit is separately metered for all utilities; Vacant 2nd, 3rd, and 4th floors will be delivered with renovated high‑end office space
