Mixed-Use Building with Retail and
For Sale
$1,475,000
4839 Wisconsin NW Ave, Washington, DC 20016
Two-story building offers ground-floor retail and a second-floor dental office deliverable vacant for flexible occupancy.
Property Size3,750 SF
Lot Size0.06 Acres
Price / SF$393.33
Days on Market114
Property Features for 4839 Wisconsin NW Ave
General Information
Standard status
Active
Size
3,750 SF
Total Parking Spaces
3
Lot size
0.06 Acres
Property subtype
Commercial
Zoning
MU-4
Amenities
Lot Size Acres: 0.06
Percentage of Tax that is Deductable: 0
Sale, Sale Type: Foreclosure
Built in 1900
Property Township: WARD 3
Above Area Square Feet: 3750
Building Details
Year Built
1900
Stories
2
Listing Agency:
Northgate Real Estate Group
Listed By:
Greg Corbin · License #10491213060
(917) 406-0406
Source:
Doyle-realty
Added: May 13
Changed: Sep 3
Last Checked: Sep 2 at 5:03PM
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 Northgate Real Estate Group
Investment Insights
Based on property information with market context.
This two-story mixed-use property is configured with ground-floor retail space and a second-floor dental office built out to be delivered vacant. The building totals 3,750 SF of gross area and sits on a 2,483 SF lot, with 25 feet of frontage along Wisconsin Avenue NW.
The asset is located in the Tenleytown area of Northwest Washington, DC. It includes three off-street parking spaces on-site, and the property is a short walk to the Tenleytown–AU Station on the Red Line, which provides access to Downtown Washington, D.C. in about 20 minutes. Nearby retailers and dining listed include Whole Foods, Target, CVS, Starbucks, Dunkin’, CAVA, Surfside, and Wegmans.
For tenants and owner-operators, the split-use layout supports combinations of street-level retail and professional services. The second floor can be positioned for dental or other office users that benefit from a dedicated, built-out space, while the ground-floor location is already improved for retail occupancy, with the existing retail tenant listed as Tennis Zone Plus.
The asset is located in the Tenleytown area of Northwest Washington, DC. It includes three off-street parking spaces on-site, and the property is a short walk to the Tenleytown–AU Station on the Red Line, which provides access to Downtown Washington, D.C. in about 20 minutes. Nearby retailers and dining listed include Whole Foods, Target, CVS, Starbucks, Dunkin’, CAVA, Surfside, and Wegmans.
For tenants and owner-operators, the split-use layout supports combinations of street-level retail and professional services. The second floor can be positioned for dental or other office users that benefit from a dedicated, built-out space, while the ground-floor location is already improved for retail occupancy, with the existing retail tenant listed as Tennis Zone Plus.
Key Highlights
- 2‑story mixed‑use building at Wisconsin Ave NW in Tenleytown, DC
- 3,750 SF total gross building area on a 2,483 SF lot with 25 ft of frontage
- Ground‑floor retail occupied by Tennis Zone Plus; second‑floor dental office to be delivered vacant
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
$119,070
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
8.07%
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%
$2,381,400
$2.4M
Cap Rate 7%
$1,701,000
$1.7M
Cap Rate 9%
$1,323,000
$1.3M
Market Conditions
NOI Build-Up for 3,750 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
$189.0K $50.40/SF
− Vacancy
−$30.2K −$8.06/SF
EGI
$158.8K $42.34/SF
− OpEx
−$39.7K −$10.58/SF
NOI
$119.1K $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%
$2,381,400
Cap Rate 7%
$1,701,000
Cap Rate 9%
$1,323,000
Alternative Uses
Best Use
Office B
$1.70M
$1.49M – $1.98M
NOI $119,070 @ 7.0% cap · market cap 8.07%
Second Best
Healthcare Medical
$993.6K
$869.4K – $1.16M
NOI $69,552 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,022 @ 7.0% cap · market cap 9.15%
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?
Mixed-use property - Two-story building offers ground-floor retail and a second-floor dental office deliverable vacant for flexible occupancy.
Where is this mixed-use property located?
The property is located at 4839 Wisconsin NW Ave Washington, DC.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: 2‑story mixed‑use building at Wisconsin Ave NW in Tenleytown, DC; 3,750 SF total gross building area on a 2,483 SF lot with 25 ft of frontage; Ground‑floor retail occupied by Tennis Zone Plus; second‑floor dental office to be delivered vacant
