Building Details

Year Built 1937

Listing Agency: Feldman Ruel Urban Property Advisors

Listed By: Ian Ruel · License #DC BR200201389 Show Phone

Source: Kandorre

Added: Mar 27 Changed: Oct 25 Last Checked: Oct 7 at 1:49PM

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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 Feldman Ruel Urban Property Advisors

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Investment Insights

Based on property information with market context.

This mixed-use property at 5001-5005 New Hampshire Avenue NW offers an opportunity for investors or owner-users. The property features 17 on-site parking spaces, including two ADA spaces. The commercial space, consisting of the sublevel, first level, and the majority of the second level, is currently occupied by New Hampshire Medical Supply, which is expected to vacate by year-end 2026. The remainder of the second level contains a tenanted, three-bedroom, two-bathroom multifamily unit. The property is situated at multiple hard corners, including a signalized intersection at New Hampshire Avenue NW and Farragut Street NW, providing visibility along a highly trafficked corridor. The flexible MU-3A zoning allows for a range of by-right uses, including retail, office, multifamily, and hospitality. The property has a total size of 13086 square feet.

Key Highlights

• Excellent visibility at a signalized intersection of New Hampshire Avenue NW & Farragut Street NW along a highly trafficked corridor.
• 17 on‑site parking spaces, including two ADA spaces, a scarce amenity in Washington, D.C.
• Flexible MU‑3A zoning allows a wide range of by‑right uses.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$259,103

Cap Rate

8.78%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,182,060 $5.2M

Cap Rate 7%

$3,701,471 $3.7M

Cap Rate 9%

$2,878,922 $2.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 13,086 SF

Gross rent

$471.1K $36.00/SF

− Vacancy

−$56.5K −$4.32/SF

EGI

$414.6K $31.68/SF

− OpEx

−$155.5K −$11.88/SF

NOI

$259.1K $19.80/SF

Area

ZIP 20011

Vacancy

12.00%

Lease Rate

$36.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,182,060

Cap Rate 7%

$3,701,471

Cap Rate 9%

$2,878,922

Alternative Uses

Best Use

Mixed Use

$3.70M

$3.24M – $4.32M (±1% cap)

NOI $259,103 @ 7.0% cap · market cap 8.78%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$6.76M

$5.91M – $7.88M (±1% cap)

NOI $472,943 @ 7.0% cap · market cap 16.03%

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

Property Analytics

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Open Analytics

Current Use

Carr Molly Pharmacy Kimberly Miller, Pharm Pharmacy Byron T. Chen, ... Pharmacy Chen Byron T Pharmacy New Hampshire Medical ... Production Facility

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Spa & Massage Center Dental Office HVAC Service

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

Location Intelligence

Trade Area within ½ mile

935

Businesses Nearby

Explore this area Business Placement

Demographics for 20011, DC

67,815

Population

29,658

Households

2.3

Avg Household Size

37

Median Age

55%

College-Educated

90%

High-School Grad

5.4 sq mi

ZIP Area

12,558

Density / Sq Mi

$108,377

Median Household Income

$69,147

Median Earnings

$1,636

Median Rent

$722,200

Median Home Value

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Mixed-use property with on-site parking and flexible zoning.

Where is this mixed-use property located?

The property is located at 5001 5001-5005 New Hampshire Ave NW Washington, DC.

What is the asking price?

The asking price for this property is $2,950,000.

What are key features of this property?

This property features: Excellent visibility at a signalized intersection of New Hampshire Avenue NW & Farragut Street NW along a highly trafficked corridor.; 17 on‑site parking spaces, including two ADA spaces, a scarce amenity in Washington, D.C.; Flexible MU‑3A zoning allows a wide range of by‑right uses.