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    Office Condominium with Parking Title is generated by Realmo AI

    3232 GEORGIA Avenue NW, Washington, DC 20010

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    For Sale
    $1,200,000

    Commercial Sale - WASHINGTON, DC

    Type:Office
    Property size:
    2,567 SF
    Price / SF:
    $467/SF
    Added:
    Jun 4, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 4 at 9:06 pm

    Property Features for 3232 GEORGIA Avenue NW

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    10
    Parking features
    Garage
    Standard status
    Active

    Taxes and HOA fees

    Tax Annual Amount
    23185

    Utilities

    Heating system
    Electric (Heating), Forced Air, Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2019
    Number of units
    1

    We can help!

    Listing Contact
    Jesse Elliott

    Listing agent Jesse Elliott

    Listing office Samson Properties 4720 Langston Boulevard, Chantilly, DC

    Listing date Jun 4, 2026

    MLS# DCDC2266612

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2,567 SF professional office condo (Unit 100) in a professionally managed building on the Georgia Avenue corridor
    • Layout includes 7 private offices, 3 conference rooms, large open workspace, kitchen/break area, 2 restrooms, and an office supply/storage room
    • On‑site parking: 7 private spaces plus 3 guest parking spaces
    • Unit is currently vacant and available for immediate occupancy
    • Condo fee is $1,001.34 per month, with additional parking fee of $111.44
    • Built in 2019 with central air and forced‑air/heat pump heating

    Overview

    Unit 100 is a professional office condominium offering 2,567 SF of efficiently designed space. The layout includes 7 private offices, 3 conference rooms, a large open-concept workspace, a kitchen/break area, 2 restrooms, and a dedicated office supply or storage room. The unit is currently vacant and available for immediate occupancy, with space that can support a range of professional and administrative operations.

    The property is located on the highly visible Georgia Avenue NW corridor in Washington, DC, within a professionally managed building. The listing describes convenient proximity to major transportation routes and public transit, along with nearby restaurants, retail services, and neighborhood amenities, supporting day-to-day client and employee access.

    For tenants and owner-users, the combination of multiple enclosed offices, conference rooms, and an open work area supports both focused work and collaborative meetings. For buyers, the offering includes parking convenience with 7 private parking spaces plus 3 guest parking spaces, which can help accommodate employees, clients, and visitors. Monthly condo fee is $1,001.34, with an additional parking fee of $111.44.

    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 Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -77.02423
    Latitude
    38.93069

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    FAQs

    What type of property is this?
    Office units - Professional office unit with private parking, multiple offices and conference rooms, and immediate occupancy in DC.
    Where is this office units located?
    The property is located at 3232 GEORGIA Avenue NW 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 professional office condo (Unit 100) in a professionally managed building on the Georgia Avenue corridor; Layout includes 7 private offices, 3 conference rooms, large open workspace, kitchen/break area, 2 restrooms, and an office supply/storage room; On‑site parking: 7 private spaces plus 3 guest parking spaces
    (571) 422-0575
    We can help!
    Listing Contact
    Jesse Elliott
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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