Multi-Tenant Flex
For Sale
Contact for pricing
1800 Montana Avenue Northeast, Washington, DC 20002
Industrial and creative workspace with roll-up access, open bays, and PDR-1 zoning.
Property Size8,273 SF
Lot Size0.10 Acres
Price / SF$217.24
Days on Market108
Property Features for 1800 Montana Avenue Northeast
General Information
Standard status
Active
Size
8,273 SF
Total Parking Spaces
4
Lot size
0.10 Acres
Property subtype
Office
Zoning
PDR-1
Occupancy
67%
Additional Details
Three-Phase Power
Yes
Building Details
Year Built
1982
Year Renovated
2018
Buildings
1
Units
11
Tenancy
Multi
Building Size
8,273 SF
Listing Agency:
Feldman Ruel
Listed By:
Ian Ruel · License #MD 656342
Source:
Crexi
Added: Jun 30
Changed: Oct 15
Last Checked: Oct 14 at 9:26PM
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 Feldman Ruel
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.
This 8,273-square-foot flex-industrial property occupies a 4,310-square-foot lot and was built in 1982. The multi-tenant building includes a vacant first level with eight roll-up garage doors, open bay areas, ceiling heights exceeding 10 feet, and three-phase power. The upper levels are occupied, providing existing income alongside available ground-floor space.
PDR-1 zoning supports a range of industrial and creative workspace formats, including production, distribution, showroom, studio, fabrication, and service-oriented operations as supported by the property information. Originally developed as a motel, the building has been repositioned for smaller-format workspaces. Its combination of available lower-level space and occupied upper floors accommodates both operational use and continued tenancy within the same building.
PDR-1 zoning supports a range of industrial and creative workspace formats, including production, distribution, showroom, studio, fabrication, and service-oriented operations as supported by the property information. Originally developed as a motel, the building has been repositioned for smaller-format workspaces. Its combination of available lower-level space and occupied upper floors accommodates both operational use and continued tenancy within the same building.
Key Highlights
- 8,273‑square‑foot multi‑tenant flex‑industrial building on a 4,310‑square‑foot lot
- PDR‑1 zoning
- Vacant first level with eight roll‑up garage doors and open bay configurations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,508
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,790,160
$2.8M
Cap Rate 7%
$1,992,971
$2.0M
Cap Rate 9%
$1,550,089
$1.6M
Market Conditions
NOI Build-Up for 8,723 SF
Gross rent
$230.3K $26.40/SF
− Vacancy
−$15.7K −$1.80/SF
EGI
$214.6K $24.60/SF
− OpEx
−$75.1K −$8.61/SF
NOI
$139.5K $15.99/SF
Area
ZIP 20002
Vacancy
6.80%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,790,160
Cap Rate 7%
$1,992,971
Cap Rate 9%
$1,550,089
Alternative Uses
Best Use
Office B
$4.16M
$3.64M – $4.85M
NOI $290,991 @ 7.0% cap · market cap 15.36%
Second Best
Flex RnD
$1.99M
$1.74M – $2.33M
NOI $139,508 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$4.50M
$3.94M – $5.25M
NOI $315,259 @ 7.0% cap · market cap 16.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,594
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Washington, DC
Similar Off Market Nearby
- STR8 2 THE GUTT — 1900 Capitol Ave NE, Washington, DC 20002
- Xaviers International Catering — 1369 New York Ave NE, Washington, DC 20002
- mpanadas — 1369 New York Ave NE, Washington, DC 20002
- Culinary Genius Enterprises — 1369 New York Ave NE, Washington, DC 20002
- Island Food To Go Catering & Takeout Inc — 1369 New York Ave NE, Washington, DC 20002
Frequently Asked Questions
What type of property is this?
Flex space - Industrial and creative workspace with roll-up access, open bays, and PDR-1 zoning.
Where is this flex space located?
The property is located at 1800 Montana Avenue Northeast Washington, DC.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 8,273‑square‑foot multi‑tenant flex‑industrial building on a 4,310‑square‑foot lot; PDR‑1 zoning; Vacant first level with eight roll‑up garage doors and open bay configurations
