Prime Retail Space For
For Sale
$890,000
3619 Georgia NW, Washington, DC 20010
1,658 Sqft retail space in a brand new building.
Property Size1,658 SF
Price / SF$536.79
Days on Market219
Property Features for 3619 Georgia NW
General Information
Standard status
Active
Size
1,658 SF
Site & Location
Neighborhood
Park View
Building Details
Year Built
2022
Listing Agency:
EXP Realty, LLC
Listed By:
SERIF SOYDAN · License #0225244507
(312) 330-7300
Source:
Belegacyre
Added: Mar 26
Changed: Oct 26
Last Checked: Oct 7 at 1:09PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,658 Sqft retail space is located in Washington, DC, offering maximum visibility with expansive floor-to-ceiling windows along a bustling retail corridor. The property benefits from frontage on Georgia Ave NW, with significant foot and vehicle traffic. Situated in a vibrant community with approximately 75,000 residents within a 1-mile radius, this location is near national retailers such as Marshalls, Target, CVS, Best Buy, Safeway, and Giant. The property is one block from the Petworth METRO. The retail space offers flexibility for various retail concepts. The property is in a brand new building and is suitable for retail use.
Key Highlights
- High‑traffic location on Georgia Ave NW with exceptional foot and vehicle traffic.
- One block from Petworth METRO station, providing excellent accessibility.
- Close proximity to national retailers (Marshalls, Target, CVS, Best Buy, Safeway, Giant) generating significant foot traffic.
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Washington, DC
Frequently Asked Questions
What type of property is this?
Retail space - 1,658 Sqft retail space in a brand new building.
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 on Georgia Ave NW with exceptional foot and vehicle traffic.; One block from Petworth METRO station, providing excellent accessibility.; Close proximity to national retailers (Marshalls, Target, CVS, Best Buy, Safeway, Giant) generating significant foot traffic.
