Mixed-Use Retail
417 8th St SE, Washington, DC 20003
For Sale
New
$1,325,000
Two Capitol Hill properties combine occupied retail space with vacant areas for leasing or owner occupancy.
Property Size2,409 SF
Price / SF$550.02
Days on Market2
Property Features for 417 8th St SE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Mixed-Use Components
Additional Details
Tenant in Place
Amenities
Attractive Assumable Financing: Two loans totaling $2.02MM at a fixed 5% interest rate, with maturities in 2029 and 2035.
Prime Capitol Hill Location: High-visibility positioning along Washington, DC's established 8th Street SE retail corridor.
Owner-User Opportunity: Ideal for businesses seeking a prominent retail location with long-term investment potential.
Redevelopment Potential: Flexible property configurations offer opportunities to optimize space and maximize value.
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Marcus & Millichap - Washington, D.C.
Listed By:
Dany Zhao · License #License(s): DC: SP98371181, MD: 635202
(202) 536-3778
Source:
Marcusmillichap
Added: Nov 8
Last Checked: Nov 8 at 2:56PM
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 Marcus & Millichap - Washington, D.C.
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Investment Insights
Based on property information with market context.
The offering brings together two mixed-use properties at 417 and 419 8th Street SE in Washington, DC. Built in 1890, 417 8th Street SE contains approximately 2,409 square feet across two levels. Its ground-floor retail space measures approximately 1,300 square feet and is leased to Pizza Boli's. The upper floor offers approximately 1,109 square feet configured with three bedrooms and one full bathroom; it is vacant and described as residential/office space.
At 419 8th Street SE, approximately 4,634 square feet is arranged across a 2,317-square-foot ground level and a 2,317-square-foot lower level. The retail property is vacant. Together, the buildings provide approximately 7,043 square feet of gross building area in the Capitol Hill neighborhood.
At 419 8th Street SE, approximately 4,634 square feet is arranged across a 2,317-square-foot ground level and a 2,317-square-foot lower level. The retail property is vacant. Together, the buildings provide approximately 7,043 square feet of gross building area in the Capitol Hill neighborhood.
Key Highlights
- Two‑property offering totals approximately 7,043 square feet of gross building area
- 417 8th Street SE has approximately 2,409 square feet across two levels
- Ground‑floor retail at 417 8th Street SE measures approximately 1,300 square feet and is leased to Pizza Boli's
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,749
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$794,980
$795.0K
Cap Rate 7%
$567,843
$567.8K
Cap Rate 9%
$441,656
$441.7K
Market Conditions
NOI Build-Up for 2,409 SF
Gross rent
$72.3K $30.00/SF
− Vacancy
−$8.7K −$3.60/SF
EGI
$63.6K $26.40/SF
− OpEx
−$23.8K −$9.90/SF
NOI
$39.7K $16.50/SF
Area
Washington, DC
Vacancy
12.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$794,980
Cap Rate 7%
$567,843
Cap Rate 9%
$441,656
Alternative Uses
Best Use
Mixed Use
$567.8K
$496.9K – $662.5K
NOI $39,749 @ 7.0% cap · market cap 3.00%
Second Best
Retail
$552.1K
$483.1K – $644.2K
NOI $38,650 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$1.24M
$1.08M – $1.45M
NOI $86,738 @ 7.0% cap · market cap 6.55%
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
4,137
Businesses Nearby
70k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Dining 35%
Home Improvements & Furnishings 3%
Electronics 1%
BP
Shops & Services
9,147 visits/mo
0.1 miles
Starbucks
Dining
8,858 visits/mo
0.4 miles
Sunoco
Shops & Services
8,371 visits/mo
0.4 miles
Bank of America
Shops & Services
7,989 visits/mo
0.5 miles
Jeni's Splendid Ice Creams
Dining
6,636 visits/mo
0.1 miles
Demographics for 20003, DC
36,501
Population
20,817
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
15,870
Density / Sq Mi
$159,604
Median Household Income
$107,846
Median Earnings
$2,630
Median Rent
$954,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Washington, DC
Properties on Market for Mixed-use properties in Washington
Vacancy Rate% for Retail in Washington, DC
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two Capitol Hill properties combine occupied retail space with vacant areas for leasing or owner occupancy.
Where is this mixed-use property located?
The property is located at 417 8th St SE Washington, DC.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Two‑property offering totals approximately 7,043 square feet of gross building area; 417 8th Street SE has approximately 2,409 square feet across two levels; Ground‑floor retail at 417 8th Street SE measures approximately 1,300 square feet and is leased to Pizza Boli's
