Three-Level Storefront
For Sale
$1,425,000
3322 - 3324 GEORGIA Avenue NW, Washington, DC 20010
Commercial Sale, WASHINGTON, DC
Property Size2,800 SF
Lot Size0.06 Acres
Price / SF$508.93
Days on Market136
Property Features for 3322 - 3324 GEORGIA Avenue NW
General Information
Property type
Other
Property subtype
Retail
Parking features
On Street
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
21715
Utilities
Heating system
Forced Air
Building Details
Year built
1910
Building materials
Brick
Listing Agency:
W F Chesley Real Estate, LLC.
(301) 261-6700
Listed By:
Andrew J MacPherson · License #IB42552
(301) 509-5169
Added: May 5
Changed: Sep 2
Last Checked: Sep 17 at 6:06PM
MLS# DCDC2260136
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.
Investment Insights
Based on property information with market context.
This three-level storefront property at 3322 - 3324 Georgia Avenue NW provides a substantial brick commercial structure for a new interior buildout. The space is described as a blank interior, allowing the future owner or occupant to configure the premises around its intended operation. Forced-air heating is in place, and the building dates to 1910.
The property sits along Georgia Avenue in Washington, DC, within the Petworth and Park View area. Multiple bus lines serve the surrounding corridor, while the Georgia Ave-Petworth Metro station is approximately a third of a mile away. Prominent street exposure and reported high pedestrian activity support its storefront position along an active commercial stretch.
The property sits along Georgia Avenue in Washington, DC, within the Petworth and Park View area. Multiple bus lines serve the surrounding corridor, while the Georgia Ave-Petworth Metro station is approximately a third of a mile away. Prominent street exposure and reported high pedestrian activity support its storefront position along an active commercial stretch.
Key Highlights
- 3‑level storefront property at 3322 - 3324 GEORGIA Avenue NW
- Approximately a third of a mile from the Georgia Ave‑Petworth Metro station
- Prominent street frontage with high foot traffic
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
$44,923
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
3.15%
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%
$898,460
$898.5K
Cap Rate 7%
$641,757
$641.8K
Cap Rate 9%
$499,144
$499.1K
Market Conditions
NOI Build-Up for 2,800 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
$67.2K $24.00/SF
− Vacancy
−$3.0K −$1.08/SF
EGI
$64.2K $22.92/SF
− OpEx
−$19.3K −$6.88/SF
NOI
$44.9K $16.04/SF
Area
Washington, DC
Vacancy
4.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
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%
$898,460
Cap Rate 7%
$641,757
Cap Rate 9%
$499,144
Alternative Uses
Best Use
Retail
$641.8K
$561.5K – $748.7K
NOI $44,923 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,816 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,017
Businesses Nearby
108k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Groceries 42%
Electronics 6%
Beauty & Spa 3%
Giant
Groceries
45,769 visits/mo
0.4 miles
7-Eleven
Shops & Services
25,739 visits/mo
0.5 miles
BP
Shops & Services
8,046 visits/mo
0.1 miles
Bank of America
Shops & Services
4,955 visits/mo
0.1 miles
Nationwide Insurance
Shops & Services
4,153 visits/mo
0.5 miles
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 Retail in Washington, DC
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Frequently Asked Questions
What type of property is this?
Storefront property - Brick commercial space with forced-air heating, prominent street frontage, and an interior ready for owner or tenant fit-out.
Where is this storefront property located?
The property is located at 3322 - 3324 GEORGIA Avenue NW Washington, DC.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: 3‑level storefront property at 3322 - 3324 GEORGIA Avenue NW; Approximately a third of a mile from the Georgia Ave‑Petworth Metro station; Prominent street frontage with high foot traffic
