Office Building with Residential
For Sale
$899,900
2110 VERMONT AVENUE NW, Washington, DC 20001
Currently used as offices, the property’s zoning permits up to three separate residences.
Property Size900 SF
Days on Market10
Property Features for 2110 VERMONT AVENUE NW
General Information
Standard status
Active
Size
900 SF
Property subtype
Office
Site & Location
Neighborhood
U Street
Building Details
Building Size
900 SF
Year Built
1980
Buildings
1
Listing Agency:
EXP Realty, LLC
Listed By:
Michael A Hines · License #SP98365254
(202) 379-5868
Source:
Barnesrealestatecompany
Added: Oct 17
Changed: Oct 25
Last Checked: Oct 25 at 12:15AM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1980, this office building is currently used for office space. Its zoning permits a configuration of up to three separate residences, either condominiums or rental apartments.
The property is less than 100 feet from a Whole Foods and near the 9:30 Club, CorePower Yoga and CVS in Shaw, Washington, DC.
The property is less than 100 feet from a Whole Foods and near the 9:30 Club, CorePower Yoga and CVS in Shaw, Washington, DC.
Key Highlights
- Zoning permits up to three separate residences
- Less than 100 feet from a Whole Foods
- Near the 9:30 Club, CorePower Yoga and CVS in Shaw
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,577
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,540
$571.5K
Cap Rate 7%
$408,243
$408.2K
Cap Rate 9%
$317,522
$317.5K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$45.4K $50.40/SF
− Vacancy
−$7.3K −$8.06/SF
EGI
$38.1K $42.34/SF
− OpEx
−$9.5K −$10.58/SF
NOI
$28.6K $31.75/SF
Area
Washington, DC
Vacancy
16.00%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,540
Cap Rate 7%
$408,243
Cap Rate 9%
$317,522
Alternative Uses
Best Use
Office B
$408.2K
$357.2K – $476.3K
NOI $28,577 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$462.9K
$405.1K – $540.1K
NOI $32,405 @ 7.0% cap · market cap 3.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,682
Businesses Nearby
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Business Placement
Demographics for 20001, DC
49,040
Population
26,728
Households
1.8
Avg Household Size
32
Median Age
78%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
24,520
Density / Sq Mi
$138,730
Median Household Income
$94,675
Median Earnings
$2,464
Median Rent
$844,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Washington, DC
Frequently Asked Questions
What type of property is this?
Office building - Currently used as offices, the property’s zoning permits up to three separate residences.
Where is this office building located?
The property is located at 2110 VERMONT AVENUE NW Washington, DC.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Zoning permits up to three separate residences; Less than 100 feet from a Whole Foods; Near the 9:30 Club, CorePower Yoga and CVS in Shaw
