Retail Investment Opportunity in
For Sale
Contact for pricing
Pending
2014 Rhode Island Ave NE, Washington, DC 20018
Retail property with established tenant in Northeast Washington, DC.
Property Size1,900 SF
Days on Market225
Property Features for 2014 Rhode Island Ave NE
General Information
Standard status
Pending
Size
1,900 SF
Class
B
Property subtype
Retail
Zoning
MU-4
Investment Type
Stabilized
Net Operating Income
$62,400
Building Details
Year Renovated
2022
Buildings
1
Stories
1
Units
1
Listing Agency:
DC Real Property, LLC
Listed By:
Kenn Blagburn · License #BR98373602
(202) 468-5917
Source:
Crexi
Added: Feb 24
Changed: Aug 8
Last Checked: Aug 8 at 2:55PM
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 DC Real Property, LLC
Investment Insights
Based on property information with market context.
Located on Rhode Island Avenue NE in Washington, DC, this commercial property presents a retail investment opportunity. The property is currently occupied by The Museum DC, a streetwear boutique. The location benefits from traffic and visibility along a commuter corridor connecting downtown Washington with Prince George’s County. The property features a retail storefront with a distinctive façade and signage. The Museum DC has brand recognition and consistent foot traffic. The property is positioned within a growing Northeast DC retail corridor. The location is ideal for investors or future owner-users. The neighborhood is walkable and serves the Brookland, Woodridge, and Langdon communities. The property is a destination retail experience. Rhode Island Avenue is evolving as a creative retail and neighborhood-serving corridor. The Museum’s presence attracts shoppers, artists, and visitors seeking apparel and cultural retail experiences. The property is a neighborhood brand location with a stabilized retail use and a storefront with destination appeal. The property size is 1900 square feet.
Key Highlights
- Home to The Museum DC, a well‑known and established streetwear boutique with a loyal regional following.
- Prominent retail storefront with distinctive façade and signage on highly traveled Rhode Island Avenue.
- Strong identity as a destination retail experience, attracting shoppers, artists, and visitors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,484
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,680
$609.7K
Cap Rate 7%
$435,486
$435.5K
Cap Rate 9%
$338,711
$338.7K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$45.6K $24.00/SF
− Vacancy
−$2.1K −$1.08/SF
EGI
$43.5K $22.92/SF
− OpEx
−$13.1K −$6.88/SF
NOI
$30.5K $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%
$609,680
Cap Rate 7%
$435,486
Cap Rate 9%
$338,711
Alternative Uses
Best Use
Retail
$435.5K
$381.1K – $508.1K
NOI $30,484 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$977.3K
$855.1K – $1.14M
NOI $68,411 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
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 - Retail property with established tenant in Northeast Washington, DC.
Where is this storefront property located?
The property is located at 2014 Rhode Island Ave NE Washington, DC.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Home to The Museum DC, a well‑known and established streetwear boutique with a loyal regional following.; Prominent retail storefront with distinctive façade and signage on highly traveled Rhode Island Avenue.; Strong identity as a destination retail experience, attracting shoppers, artists, and visitors.
