Mixed-Use Commercial Building For
For Sale
$825,000
3803 MINNESOTA AVENUE, Washington, DC 20019
Three-level commercial property with restaurant, daycare, and office spaces.
Property Size2,400 SF
Price / SF$343.75
Days on Market257
Property Features for 3803 MINNESOTA AVENUE
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$6,420
Amenities
Central Air
3
Parking.
Off Site.
Other.
Building Details
Year Built
1939
Listing Agency:
CJ Real Estate Solutions, LLC
(301) 661-3740
Listed By:
Christine Jackson
(301) 661-3740
Source:
Xome
Added: Dec 9, 2025
Changed: Aug 23
Last Checked: Aug 23 at 5:44AM
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 CJ Real Estate Solutions, LLC
Investment Insights
Based on property information with market context.
This three-level commercial property features a fully equipped restaurant space on the main floor. The lower level is suitable for a daycare or similar facility, while the upper level is configured for office use. Each floor is separately metered and has its own private entrance. The property includes a rear parking pad and is sold in as-is condition. There is only one water meter.
Key Highlights
- Three separately metered floors, each with a private entrance, suitable for diverse commercial uses.
- Fully equipped restaurant space on the main floor.
- Lower level suitable for a daycare or similar facility.
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
$47,444
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
5.75%
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%
$948,880
$948.9K
Cap Rate 7%
$677,771
$677.8K
Cap Rate 9%
$527,156
$527.2K
Market Conditions
NOI Build-Up for 2,400 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
$66.2K $27.60/SF
− Vacancy
−$3.0K −$1.24/SF
EGI
$63.3K $26.36/SF
− OpEx
−$15.8K −$6.59/SF
NOI
$47.4K $19.77/SF
Area
ZIP 20019
Vacancy
4.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
25.00%
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%
$948,880
Cap Rate 7%
$677,771
Cap Rate 9%
$527,156
Alternative Uses
Best Use
Specialty Retail
$677.8K
$593.1K – $790.7K
NOI $47,444 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,280 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
97k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Dining 34%
Groceries 23%
Apparel 7%
McDonald's
Dining
25,317 visits/mo
0.1 miles
Safeway
Groceries
22,540 visits/mo
0.2 miles
Shell
Shops & Services
12,572 visits/mo
0.0 miles
Bank of America
Shops & Services
7,164 visits/mo
0.0 miles
Exxon
Shops & Services
6,116 visits/mo
0.2 miles
Demographics for 20019, DC
59,601
Population
29,244
Households
2
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
6.1 sq mi
ZIP Area
9,771
Density / Sq Mi
$57,031
Median Household Income
$49,707
Median Earnings
$1,174
Median Rent
$437,600
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.
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Frequently Asked Questions
What type of property is this?
Restaurant - Three-level commercial property with restaurant, daycare, and office spaces.
Where is this restaurant located?
The property is located at 3803 MINNESOTA AVENUE Washington, DC.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Three separately metered floors, each with a private entrance, suitable for diverse commercial uses.; Fully equipped restaurant space on the main floor.; Lower level suitable for a daycare or similar facility.
