Ground-Level Retail
For Sale
$890,000
3619 GEORGIA NW, Washington, DC 20010
Commercial Sale - WASHINGTON, DC
Property Size1,658 SF
Price / SF$536.79
Days on Market738
Property Features for 3619 GEORGIA NW
General Information
Property type
Other
Property subtype
Retail
Property condition
Under Construction
Parking features
On Street
Subdivision
PARK VIEW
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
Taxes and HOA fees
Tax Annual Amount
15206
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
2022
Number of units
1
Listing Agency:
EXP Realty, LLC
(833) 335-7433
Listed By:
SERIF SOYDAN · License #SP200205344
(312) 330-7300
Added: Aug 5, 2024
Changed: Jun 9
Last Checked: Aug 12 at 7:06PM
MLS# DCDC2153528
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 brand-new retail offering provides 1,658 square feet of ground-level space configured for retail use. The unit features expansive floor-to-ceiling windows designed for maximum storefront visibility and easy customer access from the sidewalk.
Situated on Georgia Ave NW, the property has direct frontage on a high-traffic corridor. The space is described as approximately one block from Petworth Metro, with close proximity to well-known national and regional retailers including Marshalls, Target, CVS, Best Buy, Safeway, and Giant.
Whether you are evaluating a purchase or a lease, the layout is suited to a range of retail concepts seeking strong exposure along a busy commercial stretch. The listing is available for lease at $40 per square foot plus NNN or for sale at $890,000, and the NNN structure is noted for the transaction. The on-street visibility and nearby retail mix are intended to support ongoing foot and vehicle traffic associated with the corridor.
Situated on Georgia Ave NW, the property has direct frontage on a high-traffic corridor. The space is described as approximately one block from Petworth Metro, with close proximity to well-known national and regional retailers including Marshalls, Target, CVS, Best Buy, Safeway, and Giant.
Whether you are evaluating a purchase or a lease, the layout is suited to a range of retail concepts seeking strong exposure along a busy commercial stretch. The listing is available for lease at $40 per square foot plus NNN or for sale at $890,000, and the NNN structure is noted for the transaction. The on-street visibility and nearby retail mix are intended to support ongoing foot and vehicle traffic associated with the corridor.
Key Highlights
- High‑Traffic Location: Direct frontage on Georgia Ave NW ensures maximum visibility and accessibility.
- Proximity to Metro: Located one block from the Petworth METRO station, providing convenient access.
- Strong Retail Synergy: Situated near national retailers like Marshalls, Target, CVS, Best Buy, Safeway, and Giant.
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
$26,601
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
2.99%
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%
$532,020
$532.0K
Cap Rate 7%
$380,014
$380.0K
Cap Rate 9%
$295,567
$295.6K
Market Conditions
NOI Build-Up for 1,658 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
$39.8K $24.00/SF
− Vacancy
−$1.8K −$1.08/SF
EGI
$38.0K $22.92/SF
− OpEx
−$11.4K −$6.88/SF
NOI
$26.6K $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%
$532,020
Cap Rate 7%
$380,014
Cap Rate 9%
$295,567
Alternative Uses
Best Use
Retail
$380.0K
$332.5K – $443.4K
NOI $26,601 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$852.8K
$746.2K – $995.0K
NOI $59,698 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,917
Businesses Nearby
116k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Groceries 39%
Home Improvements & Furnishings 7%
Dining 3%
Giant
Groceries
45,769 visits/mo
0.5 miles
Exxon
Shops & Services
13,952 visits/mo
0.4 miles
Exxon
Shops & Services
8,172 visits/mo
0.4 miles
BP
Shops & Services
8,046 visits/mo
0.2 miles
Petworth Ace Hardware
Home Improvements & Furnishings
7,747 visits/mo
0.4 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Brand-new ground-level retail with floor-to-ceiling windows and direct Georgia Ave NW frontage for strong street visibility.
Where is this retail space located?
The property is located at 3619 GEORGIA NW Washington, DC.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: High‑Traffic Location: Direct frontage on Georgia Ave NW ensures maximum visibility and accessibility.; Proximity to Metro: Located one block from the Petworth METRO station, providing convenient access.; Strong Retail Synergy: Situated near national retailers like Marshalls, Target, CVS, Best Buy, Safeway, and Giant.
