Adams Morgan Mixed-Use Building For
2471 18th Street Northwest, Washington, DC 20009
New
Four-level mixed-use building in the heart of Adams Morgan.
Type:Retail, Office, Mixed Use
Property size:
5,289 SFLot size:
0.04 AcresPrice / SF:
$472/SF- Added:
- May 26, 2026
- Days on Market:
- 6
- Last Refresh:
- May 27 at 8:26 am
Property Features for 2471 18th Street Northwest
General Information
- Standard status
- Active
- Size
- 5,289 SF
- Lot size
- 0.04 Acres
- Property subtype
- Retail, Office, Mixed Use
Listing agent Vito Lupo License #DC SP98372397
Listing office NAI KLNB (Baltimore, MD)
Listing date May 26, 2026
Source Crexi
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 NAI KLNB (Baltimore, MD)
HighLights
- Prime Adams Morgan location directly on the 18th Street retail corridor.
- Mixed‑use building with newly renovated bar/restaurant space (3,394 SF) and office/residential space (1,895 SF).
- Fee simple interest in a 5,289 SF building on a 1,742 SF lot.
- Zoned MU‑5A, providing by‑right FAR of 3.50.
- Building is in excellent condition.
- Features ground‑level roll up doors and a 193 SF balcony.
Overview
Located on 18th Street NW in Adams Morgan, 2471 18th Street NW is a four-level mixed-use building offering an investment opportunity. The building has a size of 5,289 SF and is situated on a 1,742 SF lot. Zoned MU-5A, it provides by-right FAR of 3.50. The property features approximately 3,394 SF of newly renovated second-generation bar/restaurant space across the ground floor and lower level, plus approximately 1,895 SF of office/residential space on the second and third floors. The building also features ground-level roll up doors facing 18th St, and a 193 SF balcony accessible from the third floor. The building is in excellent condition.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $238.6k | $45.12 |
| − Vacancy | −$38.2k | −$7.22 |
| EGI | $200.5k | $37.90 |
| − OpEx | −$50.1k | −$9.48 |
| NOI | $150.3k | $28.43 |
5,289 SF · lease $45.12/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.15M
$1.88M – $2.51M
NOI $150,343 @ 7.0% cap · market cap 6.01%
Second Best
Mixed Use
$1.53M
$1.33M – $1.78M
NOI $106,794 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$2.72M
$2.38M – $3.17M
NOI $190,434 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Bars & Pubs
Map
- City
- Washington
- County
- District of Columbia
- State
- District of Columbia
- Longitude
- -77.0422544
- Latitude
- 38.9222862
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Four-level mixed-use building in the heart of Adams Morgan.
Where is this mixed-use property located?
The property is located at 2471 18th Street Northwest Washington, DC.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Prime Adams Morgan location directly on the 18th Street retail corridor.; Mixed‑use building with newly renovated bar/restaurant space (3,394 SF) and office/residential space (1,895 SF).; Fee simple interest in a 5,289 SF building on a 1,742 SF lot.
