Vacant Mixed-Use
For Sale
Contact for pricing
1736 CONNECTICUT AVE NW, Washington, DC 20036
Four-level building offers adaptable space for retail, hospitality, or mixed-use concepts.
Property Size4,965 SF
Lot Size0.03 Acres
Price / SF$453.17
Days on Market9
Property Features for 1736 CONNECTICUT AVE NW
General Information
Standard status
Active
Size
4,965 SF
Lot size
0.03 Acres
Property subtype
Retail, Mixed Use
Zoning
MU-8B/DC
Additional Details
Road Access
Yes
Building Details
Year Built
1912
Year Renovated
2026
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
NAI KLNB (Baltimore, MD)
Listed By:
Vito Lupo · License #DC SP98372397
Source:
Crexi
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 11 at 3:49PM
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)
Investment Insights
Based on property information with market context.
This fully vacant mixed-use property comprises approximately 4,965 square feet across four levels on a 1,464 SF lot. The building has a flexible interior arrangement suited to retail, hospitality, or other mixed-use concepts, with right of way access to 21st St. Its prior restaurant history includes Tokyo Skiyaki, identified as D.C.’s first Japanese restaurant, followed by a Cajun-inspired restaurant and lounge operation.
Zoned MU-8B/DC, the property permits up to 5.0 FAR and 7,320 SF of buildable area by right, subject to Dupont Circle Historic District guidelines. The building was constructed in 1912 and is located at 1736 Connecticut Avenue NW in Washington, D.C.’s Dupont Circle neighborhood.
Zoned MU-8B/DC, the property permits up to 5.0 FAR and 7,320 SF of buildable area by right, subject to Dupont Circle Historic District guidelines. The building was constructed in 1912 and is located at 1736 Connecticut Avenue NW in Washington, D.C.’s Dupont Circle neighborhood.
Key Highlights
- Approximately 4,965 square feet across four levels
- 1,464 SF lot with right of way access to 21st St
- MU‑8B/DC zoning with up to 5.0 FAR
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
$94,866
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
4.22%
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%
$1,897,320
$1.9M
Cap Rate 7%
$1,355,229
$1.4M
Cap Rate 9%
$1,054,067
$1.1M
Market Conditions
NOI Build-Up for 4,965 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
$131.1K $26.40/SF
− Vacancy
−$4.6K −$0.92/SF
EGI
$126.5K $25.48/SF
− OpEx
−$31.6K −$6.37/SF
NOI
$94.9K $19.11/SF
Area
Washington, DC
Vacancy
3.50%
Lease Rate
$26.40 /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%
$1,897,320
Cap Rate 7%
$1,355,229
Cap Rate 9%
$1,054,067
Alternative Uses
Best Use
Specialty Retail
$1.36M
$1.19M – $1.58M
NOI $94,866 @ 7.0% cap · market cap 4.22%
Second Best
Mixed Use
$1.17M
$1.02M – $1.37M
NOI $81,923 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$2.55M
$2.23M – $2.98M
NOI $178,769 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
8,534
Businesses Nearby
82k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 34%
Hotels & Casinos 9%
Groceries 1%
PNC Bank
Shops & Services
35,510 visits/mo
0.3 miles
Panera Bread
Dining
20,523 visits/mo
0.2 miles
Residence Inn by Marriott Washington, DC/Dupont Circle
Hotels & Casinos
7,724 visits/mo
0.4 miles
Starbucks
Dining
7,495 visits/mo
0.4 miles
7-Eleven
Shops & Services
3,080 visits/mo
0.3 miles
Demographics for 20036, DC
6,109
Population
4,383
Households
1.4
Avg Household Size
33
Median Age
95%
College-Educated
100%
High-School Grad
0.3 sq mi
ZIP Area
20,363
Density / Sq Mi
$105,800
Median Household Income
$98,527
Median Earnings
$2,301
Median Rent
$442,400
Median Home Value
Market
Vacancy Rate% for Retail in Washington, DC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-level building offers adaptable space for retail, hospitality, or mixed-use concepts.
Where is this mixed-use property located?
The property is located at 1736 CONNECTICUT AVE NW Washington, DC.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Approximately 4,965 square feet across four levels; 1,464 SF lot with right of way access to 21st St; MU‑8B/DC zoning with up to 5.0 FAR
