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    Retail Storefront with Basement Storage Title is generated by Realmo AI

    4900 GEORGIA Avenue NW, Washington, DC 20011

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    For Lease
    $13,500 /Mo

    CommercialLease - WASHINGTON, DC

    Type:Retail
    Lot size:
    0.09 Acres
    Added:
    Mar 6, 2025
    Days on Market:
    454
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for 4900 GEORGIA Avenue NW

    General Information

    Property type
    Other
    Property subtype
    Retail
    Parking features
    On Street
    Standard status
    Active
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1949
    Building materials
    Brick

    We can help!

    Listing Contact
    Samuel Jobi

    Listing agent Samuel Jobi License #522171

    Listing office Crown Realty International Ltd 5510 CHERRYWOOD Lane unit: C, Mt. Rainier, DC

    Listing date Mar 6, 2025

    MLS# DCDC2188600

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Triple net lease; $13,500 per month NNN, with tenant responsible for property tax and property insurance
    • Vacant property to be delivered vacant within 30 days of serious interest
    • Former auto parts company use; on Georgia Ave in a high‑traffic area
    • Brick construction with forced‑air heating and central air
    • Includes a huge basement for storage
    • On‑street parking available

    Overview

    This retail storefront is currently vacant and available for lease on a triple net basis. Tenant is responsible for property taxes and property insurance. The offering includes a large basement that can support in-building storage needs, while the main level is suited for retail or service-oriented operations requiring customer walk-ins.

    The property is located on Georgia Avenue NW in Washington, DC 20011, and the listing highlights high traffic conditions. It is positioned to serve drive-by and pedestrian demand, with the seller referencing walk-ins as a key benefit for an operating business.

    Ideal uses for this space would be businesses that want a visible street-facing storefront and additional below-grade storage. The property is represented to be delivered vacant within 30 days of serious interest. As presented, this is a straightforward NNN lease structure with a practical storage component designed to support day-to-day operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Similar Places Nearby

    • Happy Bud — 4013 Georgia Ave NW, Washington, DC 20011
    • Flowers By Alexes — 851 Upshur St NW, Washington, DC 20011
    • Mary Wood's Florist — 923 Kennedy St NW, Washington, DC 20011
    • sarah von pollaro's flowers — 4415 14th st nw, washington, dc 20011

    Map

    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -77.02746
    Latitude
    38.94993

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    FAQs

    What type of property is this?
    Storefront property - Triple net storefront lease with high-traffic walk-in potential and a large basement for storage.
    Where is this storefront property located?
    The property is located at 4900 GEORGIA Avenue NW Washington, DC.
    What is the lease rate?
    The lease rate is $13,500 /Mo.
    What are key features of this property?
    This property features: Triple net lease; $13,500 per month NNN, with tenant responsible for property tax and property insurance; Vacant property to be delivered vacant within 30 days of serious interest; Former auto parts company use; on Georgia Ave in a high‑traffic area
    (301) 537-7665
    We can help!
    Listing Contact
    Samuel Jobi
    Real Estate License ID: 522171
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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