Commercial Condo Office
For Sale
$460,000
4801 Wisconsin Avenue, Washington, DC 20016
Approximately 700 SF office condo with prominent frontage along Wisconsin Ave NW in Washington, DC.
Property Size730 SF
Price / SF$630.14
Days on Market94
Property Features for 4801 Wisconsin Avenue
General Information
Standard status
Active
Size
730 SF
Property subtype
Office
Amenities
Central Air
MU-4
No Parking.
Building Details
Year Built
1982
Listing Agency:
Greysteel Company LLC
(202) 280-2722
Listed By:
Ari Firoozabadi · License #SP98361353
(202) 280-2722
Source:
Xome
Added: May 29
Changed: Aug 27
Last Checked: Aug 29 at 6:20AM
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 Greysteel Company LLC
Investment Insights
Based on property information with market context.
This offering is a commercial condo office suite of approximately 700 square feet, located on the 4800 block of Wisconsin Ave NW in Washington, DC. The property is positioned for visibility with prominent frontage for signage exposure along Wisconsin Ave NW.
It sits within walking distance of both Tenleytown and Friendship Heights Metro stations, at approximately 0.3 miles and 0.6 miles respectively. The location is described as being between Friendship Heights and Tenleytown, in a well-established commercial area with access to nearby retail, dining, and daily-needs services.
The suite is well-suited for an owner/user looking for a boutique presence in this sub-market.
It sits within walking distance of both Tenleytown and Friendship Heights Metro stations, at approximately 0.3 miles and 0.6 miles respectively. The location is described as being between Friendship Heights and Tenleytown, in a well-established commercial area with access to nearby retail, dining, and daily-needs services.
The suite is well-suited for an owner/user looking for a boutique presence in this sub-market.
Key Highlights
- Approximately 700 SF office commercial condo on the 4800 block of Wisconsin Ave NW in Washington, DC
- Built in 1982
- Prominent frontage along Wisconsin Ave NW for signage exposure
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
$23,179
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
5.04%
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%
$463,580
$463.6K
Cap Rate 7%
$331,129
$331.1K
Cap Rate 9%
$257,544
$257.5K
Market Conditions
NOI Build-Up for 730 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
$36.8K $50.40/SF
− Vacancy
−$5.9K −$8.06/SF
EGI
$30.9K $42.34/SF
− OpEx
−$7.7K −$10.58/SF
NOI
$23.2K $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 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%
$463,580
Cap Rate 7%
$331,129
Cap Rate 9%
$257,544
Alternative Uses
Best Use
Office B
$331.1K
$289.7K – $386.3K
NOI $23,179 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$375.5K
$328.6K – $438.1K
NOI $26,284 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Washington, DC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Approximately 700 SF office condo with prominent frontage along Wisconsin Ave NW in Washington, DC.
Where is this office units located?
The property is located at 4801 Wisconsin Avenue Washington, DC.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Approximately 700 SF office commercial condo on the 4800 block of Wisconsin Ave NW in Washington, DC; Built in 1982; Prominent frontage along Wisconsin Ave NW for signage exposure
