2471 18th Street Northwest Washington, DC 20009
Four-level mixed-use building in the heart of Adams Morgan.
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 office NAI KLNB (Baltimore, MD)
Listing date May 26, 2026
Source Crexi
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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.
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.
Local Financial Insights For Mixed Use
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 | $185.3k | $35.04 |
| − Vacancy | −$14.5k | −$2.73 |
| EGI | $170.9k | $32.31 |
| − OpEx | −$64.1k | −$12.12 |
| NOI | $106.8k | $20.19 |
