Vacant Shell-Condition
New
For Sale
$2,000,000
4339 Hunt Pl NE, Washington, DC 20019
Vacant storefront with rear-alley drive-through access, adjacent parking, and MU-4 zoning.
Property Size6,700 SF
Lot Size0.34 Acres
Price / SF$298.51
Days on Market2
Property Features for 4339 Hunt Pl NE
General Information
Standard status
Active
Size
6,700 SF
Lot size
0.34 Acres
Zoning
MU-4
Additional Details
Drive-Thru
Yes
Building Details
Year Built
1936
Listing Agency:
Congressional Commercial , LLC
Listed By:
Langdon D Hample
(202) 215-6095
Source:
Premierehomegroup
Added: Sep 7
Last Checked: Sep 7 at 2:34PM
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.
Vacant storefront property offered for sale or lease in shell condition. The building includes a basement and sits on a 15,000-square-foot parcel zoned MU-4. A drive-through route connects the rear alley with Hunt Place NE, and a large parking lot is positioned alongside the building.
Built in 1936, the property is near Deanwood and Minnesota Ave. Metro Stations, which serve the Orange Line. Its location near rail access, combined with on-site parking and rear vehicle circulation, provides a practical setup for a range of storefront uses. Sale or lease terms, including landlord and tenant work, are subject to negotiation.
Built in 1936, the property is near Deanwood and Minnesota Ave. Metro Stations, which serve the Orange Line. Its location near rail access, combined with on-site parking and rear vehicle circulation, provides a practical setup for a range of storefront uses. Sale or lease terms, including landlord and tenant work, are subject to negotiation.
Key Highlights
- 15,000‑square‑foot parcel zoned MU‑4
- Vacant building offered in shell condition
- Rear‑alley drive‑through access to Hunt Place NE
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
$114,952
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%
$2,299,040
$2.3M
Cap Rate 7%
$1,642,171
$1.6M
Cap Rate 9%
$1,277,244
$1.3M
Market Conditions
NOI Build-Up for 6,700 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
$172.9K $25.80/SF
− Vacancy
−$8.6K −$1.29/SF
EGI
$164.2K $24.51/SF
− OpEx
−$49.3K −$7.35/SF
NOI
$115.0K $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%
$2,299,040
Cap Rate 7%
$1,642,171
Cap Rate 9%
$1,277,244
Alternative Uses
Best Use
Retail
$1.64M
$1.44M – $1.92M
NOI $114,952 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.60M
$3.15M – $4.20M
NOI $252,031 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
886
Businesses Nearby
74k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 34%
McDonald's
Dining
24,265 visits/mo
0.1 miles
Wendy's
Dining
20,656 visits/mo
0.2 miles
Shell
Shops & Services
9,183 visits/mo
0.1 miles
Exxon
Shops & Services
6,631 visits/mo
0.2 miles
7-Eleven
Shops & Services
5,085 visits/mo
0.5 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 storefront with rear-alley drive-through access, adjacent parking, and MU-4 zoning.
Where is this storefront property located?
The property is located at 4339 Hunt Pl 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: 15,000‑square‑foot parcel zoned MU‑4; Vacant building offered in shell condition; Rear‑alley drive‑through access to Hunt Place NE
