Retail Storefront Investment
For Sale
$1,395,000
3322 - 3324 GEORGIA AVENUE 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$498.21
Days on Market164
Property Features for 3322 - 3324 GEORGIA AVENUE NW
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$21,715
Building Details
Building Size
2,800 SF
Year Built
1910
Listing Agency:
W F Chesley Real Estate, LLC.
Listed By:
Andrew J MacPherson · License #IB42552
(301) 509-5169
Source:
Kerishull
Added: May 5
Changed: Oct 14
Last Checked: Oct 15 at 8:22AM
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 / Yr
$44,923
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
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
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 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 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,816 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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 - 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 AVENUE NW Washington, DC.
What is the asking price?
The asking price for this property is $1,395,000.
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
