MU-4 Storefront
For Sale
$2,000,000
4339 HUNT NE, Washington, DC 20019
Vacant shell space includes a basement, rear drive-through access, and adjacent parking.
Property Size6,660 SF
Lot Size0.34 Acres
Price / SF$300.30
Days on Market130
Property Features for 4339 HUNT NE
General Information
Standard status
Active
Size
6,660 SF
Lot size
0.34 Acres
Property subtype
Commercial
Zoning
MU-4
Site & Location
Drive-Thru
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$39,897
Building Details
Year Built
1936
Buildings
1
Listing Agency:
Congressional Commercial,LLC
(202) 215-6095
Listed By:
Langdon D Hample
(202) 215-6095
Source:
Elliman
Added: Apr 24
Changed: Aug 30
Last Checked: Aug 30 at 2:53PM
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 Congressional Commercial,LLC
Investment Insights
Based on property information with market context.
This vacant storefront property is offered in shell condition and includes approximately 6,660 square feet across the building and basement. Constructed in 1936, the building sits on a 15,000 sq ft parcel with MU-4 zoning. A rear-alley driveway runs through the property to Hunt Place NE, and an adjoining parking lot provides on-site parking.
The property is near both Deanwood and Minnesota Ave. Metro Stations, which serve the Orange line. The surrounding area records a walk score of 65, a bike score of 49, and a transit score of 69. The asset is available for sale or lease, with lease terms and landlord or tenant work subject to negotiation.
The property is near both Deanwood and Minnesota Ave. Metro Stations, which serve the Orange line. The surrounding area records a walk score of 65, a bike score of 49, and a transit score of 69. The asset is available for sale or lease, with lease terms and landlord or tenant work subject to negotiation.
Key Highlights
- Approximately 6,660 square feet, including the basement
- 15,000 sq ft parcel with MU‑4 zoning
- Vacant building delivered in shell condition
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
$114,266
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
5.71%
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%
$2,285,320
$2.3M
Cap Rate 7%
$1,632,371
$1.6M
Cap Rate 9%
$1,269,622
$1.3M
Market Conditions
NOI Build-Up for 6,660 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
$171.8K $25.80/SF
− Vacancy
−$8.6K −$1.29/SF
EGI
$163.2K $24.51/SF
− OpEx
−$49.0K −$7.35/SF
NOI
$114.3K $17.16/SF
Area
ZIP 20019
Vacancy
5.00%
Lease Rate
$25.80 /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%
$2,285,320
Cap Rate 7%
$1,632,371
Cap Rate 9%
$1,269,622
Alternative Uses
Best Use
Retail
$1.63M
$1.43M – $1.90M
NOI $114,266 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.58M
$3.13M – $4.18M
NOI $250,527 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Dining 18%
7-Eleven
Shops & Services
5,085 visits/mo
0.2 miles
BP
Shops & Services
3,922 visits/mo
0.4 miles
SUBWAY
Dining
1,989 visits/mo
0.3 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
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Frequently Asked Questions
What type of property is this?
Storefront property - Vacant shell space includes a basement, rear drive-through access, and adjacent parking.
Where is this storefront property located?
The property is located at 4339 HUNT NE Washington, DC.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Approximately 6,660 square feet, including the basement; 15,000 sq ft parcel with MU‑4 zoning; Vacant building delivered in shell condition
