Fifth-Floor Office
For Sale
$450,000
4801 Wisconsin Ave NW Unit 503, Washington, DC 20016
Top fifth-floor office suite with two windowed offices, reception, kitchenette, bathroom with shower, and balcony.
Property Size741 SF
Price / SF$607.29
Days on Market102
Property Features for 4801 Wisconsin Ave NW Unit 503
General Information
Standard status
Active
Size
741 SF
Total Parking Spaces
1
Site & Location
Neighborhood
Tenleytown
Building Details
Year Built
1982
Stories
5
Listing Agency:
Summit Commercial Real Estate, LLC.
Listed By:
John P Duffy · License #DC0225206421
(202) 255-0746
Source:
Premierehomegroup
Added: Jul 17
Changed: Oct 25
Last Checked: Oct 7 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 Summit Commercial Real Estate, LLC.
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Investment Insights
Based on property information with market context.
This top fifth-floor office suite is configured with two windowed offices, a reception area, a kitchenette, and a bathroom with a shower. The space also includes a private balcony, offering outdoor access within the suite.
Parking is available, and the owner states great views from the suite.
The layout is suited for professional use that benefits from dedicated private offices alongside a reception and support amenities within the same suite.
Parking is available, and the owner states great views from the suite.
The layout is suited for professional use that benefits from dedicated private offices alongside a reception and support amenities within the same suite.
Key Highlights
- Top fifth‑floor office suite in a building built in 1982
- Includes two windowed offices, a reception area, and a kitchenette
- Bathroom with shower and a private balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,528
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,560
$470.6K
Cap Rate 7%
$336,114
$336.1K
Cap Rate 9%
$261,422
$261.4K
Market Conditions
NOI Build-Up for 741 SF
Gross rent
$37.3K $50.40/SF
− Vacancy
−$6.0K −$8.06/SF
EGI
$31.4K $42.34/SF
− OpEx
−$7.8K −$10.58/SF
NOI
$23.5K $31.75/SF
Area
Washington, DC
Vacancy
16.00%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,560
Cap Rate 7%
$336,114
Cap Rate 9%
$261,422
Alternative Uses
Best Use
Office B
$336.1K
$294.1K – $392.1K
NOI $23,528 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$381.1K
$333.5K – $444.7K
NOI $26,680 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,623
Businesses Nearby
Explore this area
Business Placement
Demographics for 20016, DC
35,068
Population
15,457
Households
2.3
Avg Household Size
37
Median Age
88%
College-Educated
99%
High-School Grad
4.4 sq mi
ZIP Area
7,970
Density / Sq Mi
$179,107
Median Household Income
$104,275
Median Earnings
$2,105
Median Rent
$1,206,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Washington, DC
Frequently Asked Questions
What type of property is this?
Office unit - Top fifth-floor office suite with two windowed offices, reception, kitchenette, bathroom with shower, and balcony.
Where is this office unit located?
The property is located at 4801 Wisconsin Ave NW Unit 503 Washington, DC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Top fifth‑floor office suite in a building built in 1982; Includes two windowed offices, a reception area, and a kitchenette; Bathroom with shower and a private balcony
