Building Details

Building Size 6,015 SF

Year Built 1880

Listing Agency: Samson Properties

Listed By: Melaku Tulu · License #SP98359831 Show Phone

Source: Kerishull

Added: May 11 Changed: Oct 4 Last Checked: Oct 4 at 4:28PM

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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 Samson Properties

Investment Insights

Based on property information with market context.

This mixed-use property is located in a commercially zoned residential district along Florida Avenue and 12th Street. The property benefits from high visibility and convenient access to Metro rail and bus lines. The building features two separate units, each with 2 bedrooms, a full bath, and a full kitchen, one efficiency unit with a full bath and kitchen, an upper-level residence with 3 bedrooms, 2 full baths, a living room, and a full kitchen, and a ground-level retail/storefront space. The property is mostly vacant, providing a blank canvas for renovation, leasing, or redevelopment. Located within an U street corridor Zone, this asset presents potential tax advantages and significant upside for future development. The bike score is 89, indicating it is very bikeable. The walk score is 89, indicating it is very walkable. The transit score is 74, indicating excellent transit.

Key Highlights

• Prime location on Florida Avenue and 12th Street with high visibility.
• Mixed‑use property with multiple income‑generating possibilities (residential and retail).
• Excellent walk and bike scores (89 each) and transit score of 74.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$121,454

Cap Rate

3.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,429,080 $2.4M

Cap Rate 7%

$1,735,057 $1.7M

Cap Rate 9%

$1,349,489 $1.3M

Market Conditions

NOI Build-Up for 6,015 SF

Gross rent

$210.8K $35.04/SF

− Vacancy

−$16.4K −$2.73/SF

EGI

$194.3K $32.31/SF

− OpEx

−$72.9K −$12.12/SF

NOI

$121.5K $20.19/SF

Area

ZIP 20009

Vacancy

7.80%

Lease Rate

$35.04 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,429,080

Cap Rate 7%

$1,735,057

Cap Rate 9%

$1,349,489

Alternative Uses

Best Use

Mixed Use

$1.74M

$1.52M – $2.02M (±1% cap)

NOI $121,454 @ 7.0% cap · market cap 3.47%

Second Best

Apartment 5plus

$1.67M

$1.46M – $1.95M (±1% cap)

NOI $117,051 @ 7.0% cap · market cap 3.34%

Theoretical Best

Office A

$3.09M

$2.71M – $3.61M (±1% cap)

NOI $216,575 @ 7.0% cap · market cap 6.19%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Big Box & Wholesale Store Auto Parts Store Electrical Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,745

Businesses Nearby

Explore this area Business Placement

Demographics for 20009, DC

53,357

Population

31,824

Households

1.7

Avg Household Size

34

Median Age

84%

College-Educated

97%

High-School Grad

1.3 sq mi

ZIP Area

41,044

Density / Sq Mi

$140,555

Median Household Income

$99,606

Median Earnings

$2,346

Median Rent

$727,800

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Mixed-use property in prime location with redevelopment potential.

Where is this mixed-use property located?

The property is located at 2263 12TH STREET NW Washington, DC.

What is the asking price?

The asking price for this property is $3,500,000.

What are key features of this property?

This property features: Prime location on Florida Avenue and 12th Street with high visibility.; Mixed‑use property with multiple income‑generating possibilities (residential and retail).; Excellent walk and bike scores (89 each) and transit score of 74.