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    Mixed-Use Building with Ground Storefront Title is generated by Realmo AI

    36033605 Georgia Avenue NW Unit 3, Washington, DC 20010

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    For Sale
    $1,500,000

    Three residential units above a ground-level storefront offer diversified occupancy with a clean, tenant-ready start.

    Type:Commercial
    Added:
    Oct 10, 2025
    Days on Market:
    240
    Last Refresh:
    Jun 5 at 2:17 am

    Property Features for 36033605 Georgia Avenue NW Unit 3

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Jeremiah Abu-Bakr

    Listing agent Jeremiah Abu-Bakr

    Listing office Own Real Estate

    Listing date Oct 10, 2025

    Source Deepcreeklake

    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

    HighLights

    • Built in 1920 and configured as mixed‑use with a ground‑level commercial storefront and three residential units above
    • Property has zero DOB violations and no existing tenants, offering a tenant‑ready start
    • Residential income cited at $2,000+ per unit, totaling $6,000+ per month from the residential component alone (per provided remarks)
    • Three residential units with updated kitchens (modern cabinetry) and modernized bathrooms
    • Each unit includes separate living and dining areas, generous bedrooms, and flexible layout for long‑term or short‑term rental strategies
    • Basement level provides ample storage or future value‑add renovation potential, plus side entry and shared foyer for unit access

    Overview

    Located at 3603–3605 Georgia Avenue NW in Washington, DC, this mixed-use building combines a ground-level commercial storefront with three residential units positioned above. The property is described as having zero DOB violations and currently offers no existing tenants, giving an owner flexibility to set immediate plans. Inside, the residential units are presented with natural light, high ceilings, updated kitchens with modern cabinetry, and modernized bathrooms. Each unit is described as having separate living and dining areas and generous bedrooms. A basement level is included for storage and potential future value-add renovation, and access is supported by a side entry and a shared foyer.

    The building is positioned in NW DC along the Petworth/Columbia Heights corridor, described as being steps from the Georgia Ave–Petworth Metro. The surrounding area is characterized in the remarks as including restaurants, retail, and neighborhood amenities, with Howard University, Columbia Heights, and Downtown DC identified as nearby.

    For tenants, buyers, or operators, the layout supports multiple operating strategies by pairing a street-facing commercial component with upstairs residential income. With the property currently vacant and no tenant buyouts or delays indicated, an owner can plan for either redevelopment of the storefront concept or rental positioning of the residential units from the start, using the existing unit configurations described in the materials.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -77.0262213
    Latitude
    38.9843411

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    FAQs

    What type of property is this?
    Triplex - Three residential units above a ground-level storefront offer diversified occupancy with a clean, tenant-ready start.
    Where is this triplex located?
    The property is located at 36033605 Georgia Avenue NW Unit 3 Washington, DC.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Built in 1920 and configured as mixed‑use with a ground‑level commercial storefront and three residential units above; Property has zero DOB violations and no existing tenants, offering a tenant‑ready start; Residential income cited at $2,000+ per unit, totaling $6,000+ per month from the residential component alone (per provided remarks)
    We can help!
    Listing Contact
    Jeremiah Abu-Bakr
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    36033605 Georgia Avenue NW, Unit 3, Washington, DC 20010
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