Corner Property in North
For Sale
$2,100,000
2324 North Capitol St NW, Washington, DC 20002
All-brick property with high visibility and value-add potential.
Property Size3,960 SF
Price / SF$530.30
Days on Market205
Property Features for 2324 North Capitol St NW
General Information
Standard status
Active
Size
3,960 SF
Building Details
Year Built
1920
Listing Agency:
Compass
Listed By:
Jennifer S Smira, KAUSHIK RATH · License #SP600505
(202) 280-2060
Source:
Kandorre
Added: Mar 16
Changed: Oct 3
Last Checked: Oct 5 at 10:41PM
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 Compass
Investment Insights
Based on property information with market context.
Located in the North Capitol Street corridor, this all-brick corner property offers a value-add opportunity. The building features high ceilings and wrap-around windows. The versatile layout includes an expansive main level, a second-story unit with residential or office potential, and a substantial basement for storage or prep. It is positioned on a route that funnels commuters into Downtown D.C., providing high visibility. The property also includes private parking. It is suitable for a cafe, restaurant, or boutique retail space. The property is currently under construction.
Key Highlights
- High‑visibility corner location on a strategic route with heavy commuter traffic into Downtown D.C.
- Value‑add opportunity to customize a unique commercial space (café, restaurant, retail).
- Versatile layout with expansive main level, second‑story unit (residential/office potential), and substantial basement.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,815
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,436,300
$1.4M
Cap Rate 7%
$1,025,929
$1.0M
Cap Rate 9%
$797,944
$797.9K
Market Conditions
NOI Build-Up for 3,960 SF
Gross rent
$123.6K $31.20/SF
− Vacancy
−$8.6K −$2.18/SF
EGI
$114.9K $29.02/SF
− OpEx
−$43.1K −$10.88/SF
NOI
$71.8K $18.13/SF
Area
ZIP 20002
Vacancy
7.00%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,436,300
Cap Rate 7%
$1,025,929
Cap Rate 9%
$797,944
Alternative Uses
Best Use
Mixed Use
$1.03M
$897.7K – $1.20M
NOI $71,815 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.79M – $2.39M
NOI $143,119 @ 7.0% cap · market cap 6.82%
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
4,377
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - All-brick property with high visibility and value-add potential.
Where is this mixed-use property located?
The property is located at 2324 North Capitol St NW Washington, DC.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: High‑visibility corner location on a strategic route with heavy commuter traffic into Downtown D.C.; Value‑add opportunity to customize a unique commercial space (café, restaurant, retail).; Versatile layout with expansive main level, second‑story unit (residential/office potential), and substantial basement.
