Mixed-Use
For Sale
$4,499,000
3305 45TH STREET NW, Washington, DC 20016
The property contains 9,835 square feet and was built in 1950.
Property Size9,835 SF
Price / SF$457.45
Days on Market49
Property Features for 3305 45TH STREET NW
General Information
Standard status
Active
Size
9,835 SF
Property subtype
Office
Site & Location
Neighborhood
Wesley Heights
Additional Details
Property Use
Mixed Use
Taxes and HOA fees
Annual Taxes
$24,859
Building Details
Building Size
9,835 SF
Year Built
1950
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Sep 10
Changed: Oct 26
Last Checked: Oct 26 at 1:25PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This mixed-use property at 3305 45th Street NW in Washington, DC, contains 9,835 square feet. The building dates to 1950.
Key Highlights
- 9,835‑square‑foot mixed‑use property
- Built in 1950
- Located at 3305 45th Street NW in Washington, DC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$312,281
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,245,620
$6.2M
Cap Rate 7%
$4,461,157
$4.5M
Cap Rate 9%
$3,469,789
$3.5M
Market Conditions
NOI Build-Up for 9,835 SF
Gross rent
$495.7K $50.40/SF
− Vacancy
−$79.3K −$8.06/SF
EGI
$416.4K $42.34/SF
− OpEx
−$104.1K −$10.58/SF
NOI
$312.3K $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%
$6,245,620
Cap Rate 7%
$4,461,157
Cap Rate 9%
$3,469,789
Alternative Uses
Best Use
Office B
$4.46M
$3.90M – $5.20M
NOI $312,281 @ 7.0% cap · market cap 6.94%
Second Best
Mixed Use
$2.32M
$2.03M – $2.70M
NOI $162,278 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$5.06M
$4.43M – $5.90M
NOI $354,117 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,086
Businesses Nearby
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Business Placement
Demographics for 20016, DC
35,068
Population
15,457
Households
2.3
Avg Household Size
37
Median Age
88%
College-Educated
99%
High-School Grad
4.4 sq mi
ZIP Area
7,970
Density / Sq Mi
$179,107
Median Household Income
$104,275
Median Earnings
$2,105
Median Rent
$1,206,200
Median Home Value
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Market
Vacancy Rate% for Office in Washington, DC
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property contains 9,835 square feet and was built in 1950.
Where is this mixed-use property located?
The property is located at 3305 45TH STREET NW Washington, DC.
What is the asking price?
The asking price for this property is $4,499,000.
What are key features of this property?
This property features: 9,835‑square‑foot mixed‑use property; Built in 1950; Located at 3305 45th Street NW in Washington, DC
