Office Building with Expansion
1917 I Street Nw, Washington, DC 20006
For Sale
New
$2,700,000
D-5 zoning supports by-right development beyond the existing building’s current area.
Property Size6,532 SF
Price / SF$439.38
Days on Market4
Property Features for 1917 I Street Nw
General Information
Standard status
Size
Zoning
Site & Location
Neighborhood
Public Transit
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
Electric
Yes
8
1
Public
0.04
No
Assessor
On Street
6532.00
2434400.00
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Greysteel Company LLC
(202) 280-2722
Listed By:
Ari Firoozabadi · License #0225081719
(704) 274-1830
Source:
Opuselitenj
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 2:14PM
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 Greysteel Company LLC
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Investment Insights
Based on property information with market context.
The Washington, DC property contains a 6,145-square-foot office building constructed in 1904. D-5 zoning supports by-right development of up to 10,849 square feet, providing a defined path to expand beyond the existing building area.
The property is approximately 0.5 miles from the White House and the Farragut North and Farragut West Metro stops. It is one block from the K Street Corridor and two blocks from Western Market, with office, retail, and dining amenities in the surrounding area.
The property is approximately 0.5 miles from the White House and the Farragut North and Farragut West Metro stops. It is one block from the K Street Corridor and two blocks from Western Market, with office, retail, and dining amenities in the surrounding area.
Key Highlights
- 6,145‑square‑foot existing office building
- D‑5 zoning allows by‑right development up to 10,849 SF
- Approximately 0.5 miles from the White House and Farragut North and Farragut West Metro stops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$195,116
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,902,320
$3.9M
Cap Rate 7%
$2,787,371
$2.8M
Cap Rate 9%
$2,167,956
$2.2M
Market Conditions
NOI Build-Up for 6,145 SF
Gross rent
$309.7K $50.40/SF
− Vacancy
−$49.6K −$8.06/SF
EGI
$260.2K $42.34/SF
− OpEx
−$65.0K −$10.58/SF
NOI
$195.1K $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%
$3,902,320
Cap Rate 7%
$2,787,371
Cap Rate 9%
$2,167,956
Alternative Uses
Best Use
Office B
$2.79M
$2.44M – $3.25M
NOI $195,116 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.16M
$2.77M – $3.69M
NOI $221,255 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
23,641
Businesses Nearby
Explore this area
Business Placement
Demographics for 20006, DC
1,599
Population
904
Households
1.8
Avg Household Size
24
Median Age
85%
College-Educated
97%
High-School Grad
0.4 sq mi
ZIP Area
3,998
Density / Sq Mi
$36,019
Median Household Income
$2,035
Median Rent
$255,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Washington
Vacancy Rate% for Office in Washington, DC
Frequently Asked Questions
What type of property is this?
Office building - D-5 zoning supports by-right development beyond the existing building’s current area.
Where is this office building located?
The property is located at 1917 I Street Nw Washington, DC.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 6,145‑square‑foot existing office building; D‑5 zoning allows by‑right development up to 10,849 SF; Approximately 0.5 miles from the White House and Farragut North and Farragut West Metro stops
