Office Condominium with Reserved
3232 Georgia Avenue Northwest Washington, DC 20010
For Sale
Contact for pricing
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
Days on Market49
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 Agency:
Samson Properties
Listed By:
Noble Davis · License #BR200201693
Source:
Crexi
Added: Jun 5
Changed: Jul 13
Last Checked: Jul 20 at 4:03AM
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 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
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
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
32 Thirty-Two Apartments
Apartment Building
Neighborhood Development Company
Construction Company
Reunion Hot Yoga
Gym & Fitness Center
Smoke Something Smoke ...
(Bike/Boat/Book/etc) Store
The General Beauty Parlor
Hair Salon
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
