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Office Condominium with Reserved Parking

3232 Georgia Avenue Northwest Washington, DC 20010

3232 Georgia Avenue Northwest, Washington, DC, 20010
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Office condominium with seven private offices, conference rooms, open work area, and on-site reserved and guest parking.

Property Size2,567 SF
Price / SF$467.47
AddedJun 5
Days on Market41
Last RefreshJul 15 at 3:57 pm

Property Features for 3232 Georgia Avenue Northwest

General Information

Standard status
Active
Size
2,567 SF
Property subtype
Office

Building Details

Year Built
2019

Listing office Samson Properties

Listing date Jun 5, 2026

Source Crexi

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 Samson Properties


Investment Insights

Based on property information with market context.

This professionally designed office condominium offers a total layout well-suited for both collaborative and private work. The space includes seven private offices, three conference rooms, a spacious open-concept work area, a kitchen/break room, two restrooms, and a dedicated storage/supply room.

The property is located at 3232 Georgia Avenue Northwest in Washington, DC, along the Georgia Avenue corridor in Northwest DC. Access and day-to-day convenience are supported by seven reserved parking spaces and three guest parking spaces.

For day-to-day operations, the configuration supports client meetings and multiple workstreams through the combination of private offices, multiple conference rooms, and an open work area, along with restroom and breakroom facilities.

Key Highlights

  • 2,567‑SF office condominium built in 2019 on the Georgia Avenue corridor in Northwest Washington, DC
  • Move‑in‑ready layout includes 7 private offices, 3 conference rooms, open‑concept work area, kitchen/break room, and 2 restrooms
  • Additional dedicated storage/supply room to support day‑to‑day operations

Local Financial Insights For Office B

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 $129.4k $50.40
− Vacancy −$20.7k −$8.06
EGI $108.7k $42.34
− OpEx −$27.2k −$10.58
NOI $81.5k $31.75
2,567 SF · lease $50.40/SF/yr · vacancy 16.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.16M
$1.02M – $1.36M (±1% cap)
NOI $81,507 @ 7.0% cap · market cap 6.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M (±1% cap)
NOI $92,427 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Office Units

FAQs

What type of property is this?
Office units - Office condominium with seven private offices, conference rooms, open work area, and on-site reserved and guest parking.
Where is this office units located?
The property is located at 3232 Georgia Avenue Northwest Washington, DC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2,567‑SF office condominium built in 2019 on the Georgia Avenue corridor in Northwest Washington, DC; Move‑in‑ready layout includes 7 private offices, 3 conference rooms, open‑concept work area, kitchen/break room, and 2 restrooms; Additional dedicated storage/supply room to support day‑to‑day operations
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