Restaurant Building For
For Sale
$1,400,000
3603-3605 Georgia Ave NW #3, Washington, DC 20010
For sale restaurant property located on Georgia Ave NW in Washington, DC, with documented route directions included.
Property Size3,016 SF
Price / SF$464.19
Days on Market334
Property Features for 3603-3605 Georgia Ave NW #3
General Information
Standard status
Active
Size
3,016 SF
Zoning
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$14,581
Amenities
Central Air, Attic Fan
Natural Gas
Electric Water Heater
City
On Street
Building Details
Building Size
3,016 SF
Year Built
1920
Stories
2
Listing Agency:
Own Real Estate
Listed By:
Jeremiah Abu-Bakr
(202) 957-8332
Source:
Evrealestate
Added: Oct 12, 2025
Changed: Aug 31
Last Checked: Sep 10 at 5:39AM
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 Own Real Estate
Investment Insights
Based on property information with market context.
This for-sale restaurant building is located at 3603-3605 Georgia Ave NW #3 in Washington, DC 20010. The property information provided includes turn-by-turn directions for reaching the destination.
The directions indicate travel along New Hampshire Ave and onto MD-650 S/New Hampshire Ave, continuing on New Hampshire Ave before entering the District of Columbia. The route notes passing McDonald’s on the left approximately 4 miles before continuing to North Capitol St NW, then through a traffic circle to proceed toward Quincy St NW and Georgia Ave NW.
The available information characterizes the asset as a conventional restaurant, but it does not include additional details regarding interior layout, equipment, or specific unit configuration.
The directions indicate travel along New Hampshire Ave and onto MD-650 S/New Hampshire Ave, continuing on New Hampshire Ave before entering the District of Columbia. The route notes passing McDonald’s on the left approximately 4 miles before continuing to North Capitol St NW, then through a traffic circle to proceed toward Quincy St NW and Georgia Ave NW.
The available information characterizes the asset as a conventional restaurant, but it does not include additional details regarding interior layout, equipment, or specific unit configuration.
Key Highlights
- Central air cooling with an attic fan
- Natural gas heating
- Electric water heater
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
$57,627
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
4.12%
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%
$1,152,540
$1.2M
Cap Rate 7%
$823,243
$823.2K
Cap Rate 9%
$640,300
$640.3K
Market Conditions
NOI Build-Up for 3,016 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
$79.6K $26.40/SF
− Vacancy
−$2.8K −$0.92/SF
EGI
$76.8K $25.48/SF
− OpEx
−$19.2K −$6.37/SF
NOI
$57.6K $19.11/SF
Area
Washington, DC
Vacancy
3.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,152,540
Cap Rate 7%
$823,243
Cap Rate 9%
$640,300
Alternative Uses
Best Use
Specialty Retail
$823.2K
$720.3K – $960.5K
NOI $57,627 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,593 @ 7.0% cap · market cap 7.76%
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
5,154
Businesses Nearby
104k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Groceries 44%
Electronics 3%
Beauty & Spa 1%
Giant
Groceries
45,769 visits/mo
0.4 miles
Exxon
Shops & Services
13,952 visits/mo
0.4 miles
BP
Shops & Services
8,046 visits/mo
0.1 miles
7-Eleven
Shops & Services
6,996 visits/mo
0.5 miles
7-Eleven
Shops & Services
5,639 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?
Conventional restaurant - For sale restaurant property located on Georgia Ave NW in Washington, DC, with documented route directions included.
Where is this conventional restaurant located?
The property is located at 3603-3605 Georgia Ave NW #3 Washington, DC.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Central air cooling with an attic fan; Natural gas heating; Electric water heater
