Storefront Property with Restaurant
For Sale
$1,360,000
4526-4532 Georgia Ave NW, Washington, DC 20011
Three commercial units offer adaptable space for retail, restaurant, office, or mixed-use occupancy.
Property Size3,200 SF
Days on Market91
Property Features for 4526-4532 Georgia Ave NW
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Retail
Building Details
Building Size
3,200 SF
Year Built
1921
Listing Agency:
Divaris Real Estate, Inc
(703) 627-2021
Listed By:
Joey Lee · License #0225097564
Source:
Divaris
Added: Jun 2
Changed: Aug 30
Last Checked: Aug 30 at 5:41PM
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 Divaris Real Estate, Inc
Investment Insights
Based on property information with market context.
This 3,200 SF storefront property occupies a 4,146 SF parcel at 4526-4532 Georgia Ave NW in Washington, DC. The building contains three commercial units that may be combined, including a 1,600 SF end-cap configured as a second-generation restaurant. Constructed in 1921, the asset supports a range of retail, restaurant, office, and mixed-use applications described for the property.
The site sits on a hard corner at a signalized intersection along Georgia Avenue NW, providing frontage and exposure to approximately 22K cars a day. Its corner positioning and multi-unit configuration create a practical setting for users seeking visibility and flexible commercial space.
The site sits on a hard corner at a signalized intersection along Georgia Avenue NW, providing frontage and exposure to approximately 22K cars a day. Its corner positioning and multi-unit configuration create a practical setting for users seeking visibility and flexible commercial space.
Key Highlights
- 3,200 SF storefront building on a 4,146 SF parcel
- Three commercial units that can be combined
- 1,600 SF end‑cap with a fully built‑out 2nd‑generation restaurant
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
$82,944
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
6.10%
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%
$1,658,880
$1.7M
Cap Rate 7%
$1,184,914
$1.2M
Cap Rate 9%
$921,600
$921.6K
Market Conditions
NOI Build-Up for 3,200 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
$115.2K $36.00/SF
− Vacancy
−$4.6K −$1.44/SF
EGI
$110.6K $34.56/SF
− OpEx
−$27.6K −$8.64/SF
NOI
$82.9K $25.92/SF
Area
ZIP 20011
Vacancy
4.00%
Lease Rate
$36.00 /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%
$1,658,880
Cap Rate 7%
$1,184,914
Cap Rate 9%
$921,600
Alternative Uses
Best Use
Specialty Retail
$1.18M
$1.04M – $1.38M
NOI $82,944 @ 7.0% cap · market cap 6.10%
Second Best
Retail
$1.04M
$908.1K – $1.21M
NOI $72,647 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,652 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,571
Businesses Nearby
43k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Home Improvements & Furnishings 18%
Dining 6%
Exxon
Shops & Services
8,172 visits/mo
0.3 miles
Petworth Ace Hardware
Home Improvements & Furnishings
7,747 visits/mo
0.3 miles
7-Eleven
Shops & Services
6,996 visits/mo
0.4 miles
Exxon
Shops & Services
6,230 visits/mo
0.2 miles
Exxon
Shops & Services
5,522 visits/mo
0.4 miles
Demographics for 20011, DC
67,815
Population
29,658
Households
2.3
Avg Household Size
37
Median Age
55%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
12,558
Density / Sq Mi
$108,377
Median Household Income
$69,147
Median Earnings
$1,636
Median Rent
$722,200
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 - Three commercial units offer adaptable space for retail, restaurant, office, or mixed-use occupancy.
Where is this storefront property located?
The property is located at 4526-4532 Georgia Ave NW Washington, DC.
What is the asking price?
The asking price for this property is $1,360,000.
What are key features of this property?
This property features: 3,200 SF storefront building on a 4,146 SF parcel; Three commercial units that can be combined; 1,600 SF end‑cap with a fully built‑out 2nd‑generation restaurant
