Renovated Office Building in
For Sale
$1,600,000
1809 RHODE ISLAND AVENUE NE, Washington, DC 20018
Extensively renovated office space in a thriving corridor.
Property Size2,340 SF
Price / SF$683.76
Days on Market211
Property Features for 1809 RHODE ISLAND AVENUE NE
General Information
Standard status
Active
Size
2,340 SF
Property subtype
MixedUse
Site & Location
Neighborhood
Ft. Washington
Taxes and HOA fees
Annual Taxes
$10,388
Building Details
Building Size
2,340 SF
Year Built
1925
Listing Agency:
Taylor Properties
Listed By:
Chanel Davis · License #sp200200646
(443) 721-4436
Source:
Kerishull
Added: Mar 30
Changed: Oct 25
Last Checked: Oct 25 at 12:22AM
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 Taylor Properties
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Investment Insights
Based on property information with market context.
This extensively renovated commercial property, located in the Brookland/Woodridge corridor, offers approximately 4,400 sq. ft. of modern workspace. The building combines professional functionality with a contemporary aesthetic. The first floor features a reception area, six private offices, a central meeting/open area, and a conference room. The second floor includes three additional offices and a bathroom. The fully renovated basement provides additional square footage suitable for storage, a breakroom, or expanded operational needs.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,300
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,486,000
$1.5M
Cap Rate 7%
$1,061,429
$1.1M
Cap Rate 9%
$825,556
$825.6K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$117.9K $50.40/SF
− Vacancy
−$18.9K −$8.06/SF
EGI
$99.1K $42.34/SF
− OpEx
−$24.8K −$10.58/SF
NOI
$74.3K $31.75/SF
Area
Washington, DC
Vacancy
16.00%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,486,000
Cap Rate 7%
$1,061,429
Cap Rate 9%
$825,556
Alternative Uses
Best Use
Office B
$1.06M
$928.8K – $1.24M
NOI $74,300 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,253 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,096
Businesses Nearby
Explore this area
Business Placement
Demographics for 20018, DC
20,646
Population
9,753
Households
2.1
Avg Household Size
39
Median Age
46%
College-Educated
89%
High-School Grad
3.0 sq mi
ZIP Area
6,882
Density / Sq Mi
$92,569
Median Household Income
$71,947
Median Earnings
$1,245
Median Rent
$672,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Washington, DC
Frequently Asked Questions
What type of property is this?
Office building - Extensively renovated office space in a thriving corridor.
Where is this office building located?
The property is located at 1809 RHODE ISLAND AVENUE NE Washington, DC.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 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.
