Retail Storefront Investment
For Sale
$1,498,000
3322 - 3324 Georgia Ave NW, Washington, DC 20010
For sale retail storefront property at 3322–3324 Georgia Ave NW, totaling about 2,800 square feet.
Property Size2,800 SF
Price / SF$535
Days on Market118
Property Features for 3322 - 3324 Georgia Ave NW
General Information
Standard status
Active
Size
2,800 SF
Zoning
NMU-4/GA
Taxes and HOA fees
Annual Taxes
$21,715
Amenities
Forced Air
On Street
Building Details
Building Size
2,800 SF
Year Built
1910
Listing Agency:
W F Chesley Real Estate, LLC.
(301) 509-5169
Listed By:
Andrew J MacPherson
(301) 509-5169
Source:
Evrealestate
Added: May 5
Changed: Aug 8
Last Checked: Aug 29 at 6:13AM
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 W F Chesley Real Estate, LLC.
Investment Insights
Based on property information with market context.
This for-sale retail storefront property is located at 3322–3324 Georgia Ave NW in Washington, DC. The asset comprises two adjacent storefront units under one offering, for a total size of about 2,800 square feet.
The property sits along Georgia Ave, with directions noted on Georgia Ave. The listing is identified for Washington, DC, with the county/area listed as WASHINGTON.
Ideal for buyers seeking a compact storefront setup, this offering provides a straightforward retail configuration within a single combined property address.
The property sits along Georgia Ave, with directions noted on Georgia Ave. The listing is identified for Washington, DC, with the county/area listed as WASHINGTON.
Ideal for buyers seeking a compact storefront setup, this offering provides a straightforward retail configuration within a single combined property address.
Key Highlights
- Retail storefront property at 3322–3324 Georgia Ave NW
- Approximately 2,800 total square feet
- Built in 1910
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
3.00%
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 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,816 @ 7.0% cap · market cap 6.73%
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
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
Market
Vacancy Rate% for Retail in Washington, DC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - For sale retail storefront property at 3322–3324 Georgia Ave NW, totaling about 2,800 square feet.
Where is this storefront property located?
The property is located at 3322 - 3324 Georgia Ave NW Washington, DC.
What is the asking price?
The asking price for this property is $1,498,000.
What are key features of this property?
This property features: Retail storefront property at 3322–3324 Georgia Ave NW; Approximately 2,800 total square feet; Built in 1910
