Vacant Restaurant with Apartment
For Sale
$1,600,000
1919 I St NW, Washington, DC 20006
Former restaurant with plans for 8 luxury rental units.
Property Size7,500 SF
Price / SF$213.33
Days on Market189
Property Features for 1919 I St NW
General Information
Standard status
Active
Size
7,500 SF
Site & Location
Neighborhood
Carver Langston
Building Details
Year Built
2025
Listing Agency:
NextHome Envision
Listed By:
Jesse B Kaye · License #SP98364576
(202) 394-6890
Source:
Kableteam
Added: Apr 24
Changed: Oct 26
Last Checked: Oct 28 at 1:18PM
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 NextHome Envision
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is a gutted and vacant former restaurant with plans for 8 luxury rental units. The building to the left is also being demolished for luxury apartments. The location has a bike score of 58, indicating it is bikeable. The walk score is 93, classifying it as a walker's paradise. The transit score is 88, indicating excellent transit options.
Key Highlights
- Walker's Paradise: Enjoy a Walk Score of 93, meaning daily errands don't require a car.
- Excellent Transit: With a Transit Score of 88, public transportation is readily accessible.
- Plans for 8 Luxury Rental Units: Approved plans are included, offering immediate development potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,616
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,492,320
$2.5M
Cap Rate 7%
$1,780,229
$1.8M
Cap Rate 9%
$1,384,622
$1.4M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$238.5K $31.80/SF
− Vacancy
−$11.9K −$1.59/SF
EGI
$226.6K $30.21/SF
− OpEx
−$102.0K −$13.59/SF
NOI
$124.6K $16.62/SF
Area
Washington, DC
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,492,320
Cap Rate 7%
$1,780,229
Cap Rate 9%
$1,384,622
Alternative Uses
Best Use
Apartment 5plus
$1.78M
$1.56M – $2.08M
NOI $124,616 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.86M
$3.38M – $4.50M
NOI $270,043 @ 7.0% cap · market cap 16.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,174
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Former restaurant with plans for 8 luxury rental units.
Where is this apartment building located?
The property is located at 1919 I St NW 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: Walker's Paradise: Enjoy a Walk Score of 93, meaning daily errands don't require a car.; Excellent Transit: With a Transit Score of 88, public transportation is readily accessible.; Plans for 8 Luxury Rental Units: Approved plans are included, offering immediate development potential.
