Adams Morgan Mixed-Use Building For
2471 18th Street Northwest Washington, DC 20009
For Sale
Contact for pricing
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 Market66
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 Agency:
NAI KLNB (Baltimore, MD)
Listed By:
Vito Lupo · License #DC SP98372397
Source:
Crexi
Added: May 26
Changed: Jul 10
Last Checked: Jul 29 at 9:31AM
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 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 |
5,289 SF · lease $35.04/SF/yr · vacancy 7.80% · expense 37.50%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
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.
