Office Unit with Private
New
For Sale
$1,100,000
3232 Georgia Ave NW Unit 100, Washington, DC 20010
Vacant office condominium with private offices, conference rooms, parking, and immediate occupancy.
Property Size1,972 SF
Price / SF$557.81
Days on Market4
Property Features for 3232 Georgia Ave NW Unit 100
General Information
Standard status
Active
Size
1,972 SF
Total Parking Spaces
10
Financials
Asking Price
$1,100,000
HOA Fee
$1,001
Additional Details
Public Transit
Yes
Building Details
Year Built
2019
Listing Agency:
Samson Properties
(571) 422-0575
Listed By:
Jesse Elliott
Source:
Premierehomegroup
Added: Aug 25
Changed: Aug 28
Last Checked: Aug 28 at 1:09PM
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.
Built in 2019, Unit 100 is a vacant office condominium at 3232 Georgia Ave NW in Washington, DC. The layout includes 7 private offices, 3 conference rooms, an open work area, kitchen and break space, 2 restrooms, and a dedicated supply and storage room. The configuration supports professional, administrative, educational, nonprofit, technology, and consulting operations, with flexibility for future customization.
The property sits along the Georgia Avenue corridor in Northwest Washington, DC, with access to major transportation routes, public transit, restaurants, retail services, and neighborhood amenities. Parking includes 7 dedicated spaces and 3 guest spaces. The building is professionally managed, and the vacant condition allows for immediate occupancy.
The property sits along the Georgia Avenue corridor in Northwest Washington, DC, with access to major transportation routes, public transit, restaurants, retail services, and neighborhood amenities. Parking includes 7 dedicated spaces and 3 guest spaces. The building is professionally managed, and the vacant condition allows for immediate occupancy.
Key Highlights
- 2,567 SF office unit with 7 private offices and 3 conference rooms
- 7 dedicated parking spaces plus 3 guest spaces
- Open work area, kitchen/break space, 2 restrooms, and supply/storage room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,615
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,252,300
$1.3M
Cap Rate 7%
$894,500
$894.5K
Cap Rate 9%
$695,722
$695.7K
Market Conditions
NOI Build-Up for 1,972 SF
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.
Gross rent
$99.4K $50.40/SF
− Vacancy
−$15.9K −$8.06/SF
EGI
$83.5K $42.34/SF
− OpEx
−$20.9K −$10.58/SF
NOI
$62.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,252,300
Cap Rate 7%
$894,500
Cap Rate 9%
$695,722
Alternative Uses
Best Use
Office B
$894.5K
$782.7K – $1.04M
NOI $62,615 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$887.5K – $1.18M
NOI $71,003 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Washington, DC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Vacant office condominium with private offices, conference rooms, parking, and immediate occupancy.
Where is this office units located?
The property is located at 3232 Georgia Ave NW Unit 100 Washington, DC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2,567 SF office unit with 7 private offices and 3 conference rooms; 7 dedicated parking spaces plus 3 guest spaces; Open work area, kitchen/break space, 2 restrooms, and supply/storage room
