Adams Morgan Mixed-Use Building For
For Sale
Contact for pricing
2471 18th Street Northwest, Washington, DC 20009
Four-level mixed-use building in the heart of Adams Morgan.
Property Size5,289 SF
Lot Size0.04 Acres
Price / SF$472.68
Days on Market143
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
Zoning
MU-5A
Investment Type
Owner/User
Listing Agency:
NAI KLNB (Baltimore, MD)
Listed By:
Vito Lupo · License #DC SP98372397
Source:
Crexi
Added: May 26
Changed: Oct 6
Last Checked: Oct 14 at 10:21PM
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)
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,794
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,135,880
$2.1M
Cap Rate 7%
$1,525,629
$1.5M
Cap Rate 9%
$1,186,600
$1.2M
Market Conditions
NOI Build-Up for 5,289 SF
Gross rent
$185.3K $35.04/SF
− Vacancy
−$14.5K −$2.73/SF
EGI
$170.9K $32.31/SF
− OpEx
−$64.1K −$12.12/SF
NOI
$106.8K $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%
$2,135,880
Cap Rate 7%
$1,525,629
Cap Rate 9%
$1,186,600
Alternative Uses
Best Use
Mixed Use
$1.53M
$1.33M – $1.78M
NOI $106,794 @ 7.0% cap · market cap 4.27%
Second Best
Specialty Retail
$1.47M
$1.29M – $1.72M
NOI $103,032 @ 7.0% cap · market cap 4.12%
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,043
Businesses Nearby
70k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 50%
Dining 34%
Shops & Services 15%
Electronics 1%
Safeway
Groceries
17,478 visits/mo
0.2 miles
Harris Teeter
Groceries
16,637 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
12,770 visits/mo
0.2 miles
Starbucks
Dining
7,495 visits/mo
0.4 miles
7-Eleven
Shops & Services
3,080 visits/mo
0.3 miles
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
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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Frequently Asked Questions
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.
