Retail Storefront with NC-8
For Sale
$750,000
3622 Georgia Avenue Northwest, Washington, DC 20010
Single-unit retail building on Georgia Avenue Northwest, built in 1915 and renovated in 2012, zoned NC-8.
Property Size3,615 SF
Price / SF$207.47
Days on Market115
Property Features for 3622 Georgia Avenue Northwest
General Information
Standard status
Active
Size
3,615 SF
Property subtype
Retail - Street Retail
Zoning
NC-8
Building Details
Building Size
3,615 SF
Year Built
1915
Year Renovated
2012
Units
1
Tenancy
Single
Listing Agency:
ONE Street Commercial Properties
Listed By:
Kevin Brandes
(240) 370-4103
Source:
Commercialcafe
Added: May 14
Changed: Aug 24
Last Checked: Sep 5 at 4:36AM
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 ONE Street Commercial Properties
Investment Insights
Based on property information with market context.
This for-sale retail storefront consists of a single unit within a 3,615 SF building. The property dates to 1915 and was renovated in 2012, combining historic construction with more modern functionality. It is offered as a retail and street retail option in Washington, DC.
The asset is located at 3622 Georgia Avenue Northwest and is described as being in the heart of the surrounding commercial corridor. The public remarks note nearby attractions including Tivoli Square and Meridian Hill Park.
The property is zoned NC-8, supporting retail uses and providing a basis for a variety of street-level concepts consistent with the zoning designation.
The asset is located at 3622 Georgia Avenue Northwest and is described as being in the heart of the surrounding commercial corridor. The public remarks note nearby attractions including Tivoli Square and Meridian Hill Park.
The property is zoned NC-8, supporting retail uses and providing a basis for a variety of street-level concepts consistent with the zoning designation.
Key Highlights
- 3,615 SF single‑unit retail building at 3622 Georgia Avenue NW, Washington, DC
- Built in 1915 and renovated in 2012
- Zoned NC‑8
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
$57,999
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
7.73%
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%
$1,159,980
$1.2M
Cap Rate 7%
$828,557
$828.6K
Cap Rate 9%
$644,433
$644.4K
Market Conditions
NOI Build-Up for 3,615 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
$86.8K $24.00/SF
− Vacancy
−$3.9K −$1.08/SF
EGI
$82.9K $22.92/SF
− OpEx
−$24.9K −$6.88/SF
NOI
$58.0K $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%
$1,159,980
Cap Rate 7%
$828,557
Cap Rate 9%
$644,433
Alternative Uses
Best Use
Retail
$828.6K
$725.0K – $966.7K
NOI $57,999 @ 7.0% cap · market cap 7.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,161 @ 7.0% cap · market cap 17.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
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
Market
Vacancy Rate% for Retail in Washington, DC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Single-unit retail building on Georgia Avenue Northwest, built in 1915 and renovated in 2012, zoned NC-8.
Where is this storefront property located?
The property is located at 3622 Georgia Avenue Northwest Washington, DC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,615 SF single‑unit retail building at 3622 Georgia Avenue NW, Washington, DC; Built in 1915 and renovated in 2012; Zoned NC‑8
