Medical Office Condo with Waiting
For Sale
$250,000
3 Washington Cir NW Unit 206, Washington, DC 20037
The suite includes private offices, a waiting area, and an in-suite restroom within a mixed-use high-rise.
Property Size481 SF
Price / SF$519.75
Days on Market89
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Property Features for 3 Washington Cir NW Unit 206
General Information
Standard status
Active
Size
481 SF
Additional Details
Public Transit
Yes
Building Details
Year Built
1981
Listing Agency:
Coldwell Banker Realty - Washington
Listed By:
Harry N Dunstan III · License #SP98373104
(240) 731-5562
Source:
Riverfoxrealty
Added: Jul 19
Changed: Oct 9
Last Checked: Oct 15 at 12:06AM
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 Coldwell Banker Realty - Washington
Investment Insights
Based on property information with market context.
This 481-square-foot medical office condo is located in a high-rise building completed in 1981. The suite provides two private offices, a dedicated waiting area, and an in-suite restroom, supporting medical or professional office use.
The property is at 3 Washington Cir NW, Unit 206, in Washington, DC. The building includes more than 50 residential units and multiple office condominiums. The Foggy Bottom–GWU Metro station, serving the Orange and Blue Lines, is steps away, with restaurants, shopping, and major institutions in the surrounding area.
The property is at 3 Washington Cir NW, Unit 206, in Washington, DC. The building includes more than 50 residential units and multiple office condominiums. The Foggy Bottom–GWU Metro station, serving the Orange and Blue Lines, is steps away, with restaurants, shopping, and major institutions in the surrounding area.
Key Highlights
- 481‑square‑foot medical office condo in a high‑rise building
- Two private offices plus a dedicated waiting area
- In‑suite restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,273
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,460
$305.5K
Cap Rate 7%
$218,186
$218.2K
Cap Rate 9%
$169,700
$169.7K
Market Conditions
NOI Build-Up for 481 SF
Gross rent
$24.2K $50.40/SF
− Vacancy
−$3.9K −$8.06/SF
EGI
$20.4K $42.34/SF
− OpEx
−$5.1K −$10.58/SF
NOI
$15.3K $31.75/SF
Area
Washington, DC
Vacancy
16.00%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,460
Cap Rate 7%
$218,186
Cap Rate 9%
$169,700
Alternative Uses
Best Use
Office B
$218.2K
$190.9K – $254.6K
NOI $15,273 @ 7.0% cap · market cap 6.11%
Second Best
Healthcare Medical
$127.4K
$111.5K – $148.7K
NOI $8,921 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$247.4K
$216.5K – $288.7K
NOI $17,319 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
17,858
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20037, DC
14,945
Population
8,828
Households
1.7
Avg Household Size
29
Median Age
90%
College-Educated
99%
High-School Grad
0.7 sq mi
ZIP Area
21,350
Density / Sq Mi
$98,917
Median Household Income
$69,480
Median Earnings
$2,420
Median Rent
$743,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Washington, DC
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- Home Care for Animals — 1250 Connecticut Ave NW STE 200, Washington, DC 20036
- Dupont Veterinary Clinic — 2022 P St NW, Washington, DC 20036
Frequently Asked Questions
What type of property is this?
Medical Office Space - The suite includes private offices, a waiting area, and an in-suite restroom within a mixed-use high-rise.
Where is this medical office space located?
The property is located at 3 Washington Cir NW Unit 206 Washington, DC.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 481‑square‑foot medical office condo in a high‑rise building; Two private offices plus a dedicated waiting area; In‑suite restroom
