Historic Storefront
New
For Sale
$899,000
2006 RHODE ISLAND AVENUE NE, Washington, DC 20018
A compact retail building dates to the early twentieth century.
Property Size2,202 SF
Price / SF$408.27
Days on Market3
Property Features for 2006 RHODE ISLAND AVENUE NE
General Information
Standard status
Active
Size
2,202 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$6,736
Building Details
Building Size
2,202 SF
Year Built
1921
Listing Agency:
Fairfax Realty Premier
Listed By:
Georgianna L Benson · License #SP98358303
(202) 271-1884
Source:
Kerishull
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 2:15AM
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 Fairfax Realty Premier
Investment Insights
Based on property information with market context.
This storefront property contains 2,202 square feet and was built in 1921. Its Washington, DC address places it on Rhode Island Avenue NE. The available property details identify it as a storefront asset suited to retail use.
Key Highlights
- 2,202‑square‑foot storefront property
- Built in 1921
- Located at 2006 Rhode Island Avenue NE, Washington, DC 20018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,329
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$706,580
$706.6K
Cap Rate 7%
$504,700
$504.7K
Cap Rate 9%
$392,544
$392.5K
Market Conditions
NOI Build-Up for 2,202 SF
Gross rent
$52.8K $24.00/SF
− Vacancy
−$2.4K −$1.08/SF
EGI
$50.5K $22.92/SF
− OpEx
−$15.1K −$6.88/SF
NOI
$35.3K $16.04/SF
Area
Washington, DC
Vacancy
4.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$706,580
Cap Rate 7%
$504,700
Cap Rate 9%
$392,544
Alternative Uses
Best Use
Retail
$504.7K
$441.6K – $588.8K
NOI $35,329 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$991.1K – $1.32M
NOI $79,285 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,096
Businesses Nearby
19k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 96%
Electronics 4%
Family Dollar
Shops & Services
7,797 visits/mo
0.2 miles
Shell
Shops & Services
5,929 visits/mo
0.1 miles
Exxon
Shops & Services
3,390 visits/mo
0.4 miles
Midas
Shops & Services
1,084 visits/mo
0.3 miles
Boost Mobile
Electronics
753 visits/mo
0.2 miles
Demographics for 20018, DC
20,646
Population
9,753
Households
2.1
Avg Household Size
39
Median Age
46%
College-Educated
89%
High-School Grad
3.0 sq mi
ZIP Area
6,882
Density / Sq Mi
$92,569
Median Household Income
$71,947
Median Earnings
$1,245
Median Rent
$672,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Washington, DC
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Similar Off Market Nearby
- Ode à la Rose — 2414 Douglas St NE, Washington, DC 20018
- Petals To The Metal Florist LLC — 2316 Rhode Island Ave NE, Washington, DC 20018
Frequently Asked Questions
What type of property is this?
Storefront property - A compact retail building dates to the early twentieth century.
Where is this storefront property located?
The property is located at 2006 RHODE ISLAND AVENUE NE Washington, DC.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 2,202‑square‑foot storefront property; Built in 1921; Located at 2006 Rhode Island Avenue NE, Washington, DC 20018
