Building Details

Year built 1900

Listing Agency: Northgate Real Estate Group

Listed By: Greg Corbin · License #10491213060 Show Phone

Added: May 13 Changed: Oct 8 Last Checked: Oct 18 at 6:06AM

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MLS# 11799405

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Investment Insights

Based on property information with market context.

This two-story mixed-use property combines an operating ground-floor retail space with a second level configured as a dental office and delivered vacant. The building contains 3,750 SF of gross area on a 2,483 SF lot, with three on-site off-street parking spaces and 25 feet of frontage along Wisconsin Avenue NW. Constructed in 1900, the property is zoned MU-4 for mixed-use, moderate-density development.

The building sits in the Tenleytown neighborhood of Northwest Washington, DC, along a commercial corridor near local dining and retail options including Whole Foods, Target, CVS, Starbucks, Dunkin', CAVA, Surfside, and Wegmans. Tenleytown-AU Station is a short walk away, with Red Line service reaching Downtown Washington, D.C. in 20 minutes.

Key Highlights

• 3,750 SF mixed‑use building on a 2,483 SF lot
• Ground‑floor retail occupied by Tennis Zone Plus
• Second floor configured as a dental office and delivered vacant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$119,070

Cap Rate

8.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,381,400 $2.4M

Cap Rate 7%

$1,701,000 $1.7M

Cap Rate 9%

$1,323,000 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,750 SF

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 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 (±1% cap)

NOI $119,070 @ 7.0% cap · market cap 8.07%

Second Best

Healthcare Medical

$993.6K

$869.4K – $1.16M (±1% cap)

NOI $69,552 @ 7.0% cap · market cap 4.72%

Theoretical Best

Office A

$1.93M

$1.69M – $2.25M (±1% cap)

NOI $135,022 @ 7.0% cap · market cap 9.15%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Tennis Zone Plus Tennis Store Grace Jones-Eubank Dental Office Dr. Neil Bayley Dental Office Williams Aldred V ... Dental Office Evenly Orthodontics Dental Office

Suggested Use

Top Pick Electrical Service Big Box & Wholesale Store Auto Parts Store Auto Repair Shop Barber Shop Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Office units

Multi-tenant

Tenancy

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

14.8% 2019

17% 2020

18.1% 2021

19.5% 2022

20.7% 2023

21.9% 2024

22.8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two-story commercial property with occupied retail space and a vacant dental-office buildout in MU-4 zoning.

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: 3,750 SF mixed‑use building on a 2,483 SF lot; Ground‑floor retail occupied by Tennis Zone Plus; Second floor configured as a dental office and delivered vacant