Mixed-Use Property For
1924 Benning Rd NE Washington, DC 20002
For Sale
Contact for pricing
Mixed-use property featuring retail, office, and residential spaces.
Property Size2,343 SF
Price / SF$405.46
Days on Market667
Property Features for 1924 Benning Rd NE
General Information
Standard status
Active
Size
2,343 SF
Property subtype
Mixed Use, Multifamily, Office, Retail
Building Details
Year Built
1925
Listing Agency:
Greysteel Company LLC Washington, D.C.
(202) 499-4077
Listed By:
Benjamin Wilson · License #MD 649631
Source:
Crexi
Added: Oct 2, 2024
Changed: Jul 6
Last Checked: Jul 29 at 12:03PM
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 Washington, D.C.
Investment Insights
Based on property information with market context.
This mixed-use property offers a total area of 2,343 square feet. It is suitable for commercial real estate purposes, including retail and office spaces, as well as residential income. The property is located in Washington, DC.
Key Highlights
- Mixed‑use property offering retail, office, and residential spaces.
- Built in 1925.
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 | $131.6k | $56.16 |
| − Vacancy | −$27.4k | −$11.68 |
| EGI | $104.2k | $44.48 |
| − OpEx | −$26.1k | −$11.12 |
| NOI | $78.2k | $33.36 |
2,343 SF · lease $56.16/SF/yr · vacancy 20.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.12M
$977.0K – $1.30M
NOI $78,160 @ 7.0% cap · market cap 8.23%
Second Best
Retail
$749.5K
$655.8K – $874.4K
NOI $52,462 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,679 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property featuring retail, office, and residential spaces.
Where is this mixed-use property located?
The property is located at 1924 Benning Rd NE Washington, DC.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Mixed‑use property offering retail, office, and residential spaces.; Built in 1925.
