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Four-Level Medical Office Building

1809 Benning Road Northeast Washington, DC 20002

1809 Benning Road Northeast, Washington, DC, 20002
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Vacant building with exam room space and upper-floor offices, plus rear alley access for on-site parking.

Property Size2,912 SF
Price / SF$250.69
AddedJun 10
Days on Market37
Last RefreshJul 15 at 6:02 pm

Property Features for 1809 Benning Road Northeast

General Information

Standard status
Active
Size
2,912 SF
Property subtype
Office

Building Details

Year Built
1911

Listing office Feldman Ruel

Listing date Jun 10, 2026

Source Crexi

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


Investment Insights

Based on property information with market context.

1809 Benning Road NE presents a vacant, four-level medical office building designed to support both clinical and administrative functions. The first two levels include five exam rooms along with a reception and waiting area, creating a layout that can support immediate medical occupancy while remaining flexible for alternative uses. The upper two levels are configured as traditional office space, suitable for administrative operations, additional tenancy, or future reconfiguration.

The property sits on a lot with rear access from an alley that runs parallel to Benning Road NE. This alley access provides an option for parking multiple vehicles on-site, supporting day-to-day operations and convenient access for staff and visitors.

Zoned MU-5A (IZ+), the site is positioned for multifamily development, with the offering remarks noting potential density for a multifamily project that could exceed 6,000 total square feet, more than doubling the building’s current gross area. For an owner-user, the current configuration offers a straightforward medical office setup; for investors, the combination of immediate space utility and redevelopment optionality may appeal to those planning a longer-term strategy.

Key Highlights

  • Vacant four‑level medical office building built in 1911
  • First two levels include five exam rooms plus reception and waiting area for immediate medical occupancy
  • Upper two levels provide traditional office space for administrative use, additional tenancy, or reconfiguration

Local Financial Insights For Healthcare Medical

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 $101.3k $34.80
− Vacancy −$6.6k −$2.26
EGI $94.8k $32.54
− OpEx −$37.9k −$13.02
NOI $56.9k $19.52
2,912 SF · lease $34.80/SF/yr · vacancy 6.50% · expense 40.00%

Alternative Uses

Best Use
Office B
$1.39M
$1.21M – $1.62M (±1% cap)
NOI $97,142 @ 7.0% cap · market cap 13.31%
Second Best
Healthcare Medical
$812.1K
$710.6K – $947.5K (±1% cap)
NOI $56,850 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$1.50M
$1.32M – $1.75M (±1% cap)
NOI $105,243 @ 7.0% cap · market cap 14.42%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Medical Office Space

Similar Off Market Nearby

  • AtlasVet — 1326 H St NE, Washington, DC 20002

FAQs

What type of property is this?
Medical Office Space - Vacant building with exam room space and upper-floor offices, plus rear alley access for on-site parking.
Where is this medical office space located?
The property is located at 1809 Benning Road Northeast Washington, DC.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Vacant four‑level medical office building built in 1911; First two levels include five exam rooms plus reception and waiting area for immediate medical occupancy; Upper two levels provide traditional office space for administrative use, additional tenancy, or reconfiguration
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