Office Condominium with Reserved
For Sale
Contact for pricing
3232 Georgia Avenue Northwest, Washington, DC 20010
Office condominium with seven private offices, conference rooms, open work area, and on-site reserved and guest parking.
Property Size2,567 SF
Price / SF$409.04
Days on Market133
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 3232 Georgia Avenue Northwest
General Information
Standard status
Active
Size
2,567 SF
Total Parking Spaces
10
Property subtype
Office
Zoning
MU-4
Investment Type
Owner/User
Building Details
Year Built
2019
Units
10
Listing Agency:
Samson Properties
Listed By:
Noble Davis · License #BR200201693
(202) 409-6326
Source:
Crexi
Added: Jun 5
Changed: Oct 7
Last Checked: Oct 14 at 8:13PM
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.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,507
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,630,140
$1.6M
Cap Rate 7%
$1,164,386
$1.2M
Cap Rate 9%
$905,633
$905.6K
Market Conditions
NOI Build-Up for 2,567 SF
Gross rent
$129.4K $50.40/SF
− Vacancy
−$20.7K −$8.06/SF
EGI
$108.7K $42.34/SF
− OpEx
−$27.2K −$10.58/SF
NOI
$81.5K $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%
$1,630,140
Cap Rate 7%
$1,164,386
Cap Rate 9%
$905,633
Alternative Uses
Best Use
Office B
$1.16M
$1.02M – $1.36M
NOI $81,507 @ 7.0% cap · market cap 7.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,427 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,017
Businesses Nearby
Explore this area
Business Placement
Demographics for 20010, DC
32,663
Population
15,917
Households
2.1
Avg Household Size
33
Median Age
67%
College-Educated
87%
High-School Grad
1.0 sq mi
ZIP Area
32,663
Density / Sq Mi
$110,260
Median Household Income
$81,834
Median Earnings
$1,815
Median Rent
$868,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Washington, DC
Frequently Asked Questions
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 $1,050,000.
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
