1924 Benning Rd NE, Washington, DC 20002
Mixed-use property featuring retail, office, and residential spaces.
- Added:
- Oct 2, 2024
- Days on Market:
- 618
- Last Refresh:
- May 12 at 8:42 pm
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 agent Benjamin Wilson License #MD 649631
Listing office Greysteel Company LLC Washington, D.C.
Listing date Oct 2, 2024
Source Crexi
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.
HighLights
- Mixed‑use property offering retail, office, and residential spaces.
- Built in 1925.
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Map
- City
- Washington
- County
- District of Columbia
- State
- District of Columbia
- Longitude
- -76.9752865
- Latitude
- 38.8989287
