Built-Out Medical Office
3 WASHINGTON CIRCLE NW #G2, Washington, DC 20037
For Sale
Contact for pricing
Includes exam rooms, private offices, reception, and administrative space for outpatient medical operations.
Property Size3,134 SF
Price / SF$2.42
Days on Market100
Property Features for 3 WASHINGTON CIRCLE NW #G2
General Information
Standard status
Size
Elevators
Property subtype
Site & Location
Neighborhood
Public Transit
Building Details
Year Built
Listing Agency:
Compass
(202) 386-6330
Listed By:
Jennifer S Smira · License DC SP600505
(202) 280-2060
Source:
Cummingsrealtors
Added: Aug 7
Changed: Nov 12
Last Checked: Nov 12 at 8:36AM
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 Compass
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Investment Insights
Based on property information with market context.
This 3,134-square-foot medical office suite at 3 Washington Circle NW is fully built out for outpatient healthcare use. The existing layout includes multiple exam rooms, private physician offices, a reception area, and administrative space, providing a functional foundation for a medical practice. The suite is available for immediate occupancy within an elevator-served, ADA-compliant building constructed in 1981.
The property is directly across from George Washington University Hospital and near George Washington University in Foggy Bottom. Access is supported by the Foggy Bottom-GWU Metro Station, Metrobus service, and major commuter routes. On-site parking adds convenience for patients and staff, while the surrounding area includes healthcare institutions, academic facilities, and professional offices.
The property is directly across from George Washington University Hospital and near George Washington University in Foggy Bottom. Access is supported by the Foggy Bottom-GWU Metro Station, Metrobus service, and major commuter routes. On-site parking adds convenience for patients and staff, while the surrounding area includes healthcare institutions, academic facilities, and professional offices.
Key Highlights
- 3,134‑square‑foot medical office suite available for immediate occupancy
- Existing layout includes multiple exam rooms and private physician offices
- Reception and administrative areas are already incorporated into the suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,127
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,162,540
$1.2M
Cap Rate 7%
$830,386
$830.4K
Cap Rate 9%
$645,856
$645.9K
Market Conditions
NOI Build-Up for 3,134 SF
Gross rent
$105.3K $33.60/SF
− Vacancy
−$8.4K −$2.69/SF
EGI
$96.9K $30.91/SF
− OpEx
−$38.8K −$12.36/SF
NOI
$58.1K $18.55/SF
Area
Washington, DC
Vacancy
8.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,162,540
Cap Rate 7%
$830,386
Cap Rate 9%
$645,856
Alternative Uses
Best Use
Office B
$1.42M
$1.24M – $1.66M
NOI $99,511 @ 7.0% cap
Second Best
Healthcare Medical
$830.4K
$726.6K – $968.8K
NOI $58,127 @ 7.0% cap
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,842 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
$743,700
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Washington, DC
Properties on Market for Medical Office Space in Washington
Vacancy Rate% for Office in Washington, DC
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Includes exam rooms, private offices, reception, and administrative space for outpatient medical operations.
Where is this medical office space located?
The property is located at 3 WASHINGTON CIRCLE NW #G2 Washington, DC.
What are key features of this property?
This property features: 3,134‑square‑foot medical office suite available for immediate occupancy; Existing layout includes multiple exam rooms and private physician offices; Reception and administrative areas are already incorporated into the suite
