Mixed-Use Property with Vacant
For Sale
$2,500,000
18181820 BENNING RD, Washington, DC 20002
Two commercial suites provide existing occupancy alongside immediate space for leasing or owner use.
Property Size3,215 SF
Lot Size0.09 Acres
Price / SF$777.60
Days on Market384
Property Features for 18181820 BENNING RD
General Information
Standard status
Active
Size
3,215 SF
Lot size
0.09 Acres
Property subtype
Retail
Financials
Gross Income
$45,799
Opportunity Zone
Yes
Site & Location
Traffic Count
40,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
commercial
Taxes and HOA fees
Annual Taxes
$24,885
Amenities
Central Air
3
Parking.
On Street.
Building Details
Year Built
1947
Listing Agency:
EXP Realty, LLC
(312) 330-7300
Listed By:
SERIF SOYDAN · License #SP200205344
(312) 330-7300
Source:
Xome
Added: Aug 3, 2025
Changed: Aug 18
Last Checked: Aug 21 at 5:22AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This Washington, DC mixed-use property contains 3,215 square feet on a 0.09-acre lot and was built in 1947. The building includes two commercial suites: one is occupied by a liquor store under a lease extending through November 30, 2026, while the second is vacant for a new tenant or owner-operated business. Central air and on-street parking are included.
The property is near the H Street Corridor, with Metrobus and DC Streetcar stops one block away and access to I-295 and Route 50. The site is within an Opportunity Zone and is positioned near proposed or active multifamily and retail development. The property information also identifies a possible future mixed-use concept with 20+ residential units and ground-floor retail, subject to permitting.
The property is near the H Street Corridor, with Metrobus and DC Streetcar stops one block away and access to I-295 and Route 50. The site is within an Opportunity Zone and is positioned near proposed or active multifamily and retail development. The property information also identifies a possible future mixed-use concept with 20+ residential units and ground-floor retail, subject to permitting.
Key Highlights
- 3,215‑square‑foot building on a 0.09‑acre lot
- One suite leased through November 30, 2026; the second suite is vacant
- Possible future concept for 20+ residential units with ground‑floor retail
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
$71,987
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
2.88%
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%
$1,439,740
$1.4M
Cap Rate 7%
$1,028,386
$1.0M
Cap Rate 9%
$799,856
$799.9K
Market Conditions
NOI Build-Up for 3,215 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
$108.0K $33.60/SF
− Vacancy
−$5.2K −$1.61/SF
EGI
$102.8K $31.99/SF
− OpEx
−$30.9K −$9.60/SF
NOI
$72.0K $22.39/SF
Area
ZIP 20002
Vacancy
4.80%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
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%
$1,439,740
Cap Rate 7%
$1,028,386
Cap Rate 9%
$799,856
Alternative Uses
Best Use
Retail
$1.03M
$899.8K – $1.20M
NOI $71,987 @ 7.0% cap · market cap 2.88%
Second Best
Mixed Use
$832.9K
$728.8K – $971.7K
NOI $58,304 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,194 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
40,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
84k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Groceries 33%
Dining 11%
Electronics 4%
Shoppers Food & Pharmacy
Groceries
28,051 visits/mo
0.2 miles
Family Dollar
Shops & Services
12,983 visits/mo
0.2 miles
Dollar General
Shops & Services
10,176 visits/mo
0.2 miles
Shell
Shops & Services
8,681 visits/mo
0.2 miles
AutoZone
Shops & Services
7,048 visits/mo
0.2 miles
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
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 - Two commercial suites provide existing occupancy alongside immediate space for leasing or owner use.
Where is this mixed-use property located?
The property is located at 18181820 BENNING RD Washington, DC.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 3,215‑square‑foot building on a 0.09‑acre lot; One suite leased through November 30, 2026; the second suite is vacant; Possible future concept for 20+ residential units with ground‑floor retail
