1809 Rhode Island Ave Ne Washington, DC 20018
Extensively renovated office space in a thriving corridor.
Property Features for 1809 Rhode Island Ave Ne
General Information
- Standard status
- Active
- Size
- 4,400 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1925
Listing office TAYLOR PROPERTIES (301) 970-2447
Listing date Mar 29, 2026
Source Corcoran
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Investment Insights
Based on property information with market context.
Key Highlights
- Extensively renovated, modern workspace totaling approximately 4,400 sq. ft.
- Located in the thriving Brookland/Woodridge corridor.
- Features six private offices and a conference room on the main level.
Local 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 | $221.8k | $50.40 |
| − Vacancy | −$35.5k | −$8.06 |
| EGI | $186.3k | $42.34 |
| − OpEx | −$46.6k | −$10.58 |
| NOI | $139.7k | $31.75 |