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 Market793
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: Sep 5
Last Checked: Oct 6 at 11:06AM
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 1,658 Sqft ground-level retail space is part of a 2022 commercial development in Washington, DC. Floor-to-ceiling windows provide extensive storefront exposure, while the layout offers a flexible setting for retail use. The property includes central air, heat pump heating, and on-street parking.
Located at 3619 Georgia NW, the space fronts Georgia Ave NW along a high-traffic corridor with both pedestrian and vehicle activity. Petworth METRO is one block away, and national retailers nearby include Marshalls, Target, CVS, Best Buy, Safeway, and Giant. Approximately 75,000 residents are within a 1-mile radius, adding substantial surrounding population density to the retail setting.
Located at 3619 Georgia NW, the space fronts Georgia Ave NW along a high-traffic corridor with both pedestrian and vehicle activity. Petworth METRO is one block away, and national retailers nearby include Marshalls, Target, CVS, Best Buy, Safeway, and Giant. Approximately 75,000 residents are within a 1-mile radius, adding substantial surrounding population density to the retail setting.
Key Highlights
- 1,658 Sqft ground‑level retail space
- Floor‑to‑ceiling windows provide extensive storefront exposure
- Direct frontage on Georgia Ave NW
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,601
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
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
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 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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Washington, DC
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial space with floor-to-ceiling windows and direct Georgia Avenue NW frontage.
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: 1,658 Sqft ground‑level retail space; Floor‑to‑ceiling windows provide extensive storefront exposure; Direct frontage on Georgia Ave NW
