Two-Level Office
5117 MACARTHUR BOULEVARD NW, Washington, DC 20016
For Sale
Contact for pricing
A lower-level lobby and upper-floor studio are complemented by hardwood flooring and a skylight.
Property Size2,924 SF
Price / SF$2.15
Days on Market49
Property Features for 5117 MACARTHUR BOULEVARD NW
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Floor
Amenities
signage opportunity
hardwood floors
recessed lighting
skylight
Building Details
Year Built
Listing Agency:
Taylor Properties
(301) 970-2447
Listed By:
Daniel A Carrillo · License DC SP98366656
(703) 298-4977
Source:
Cummingsrealtors
Added: Sep 22
Changed: Nov 8
Last Checked: Nov 8 at 6:35AM
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 Taylor Properties
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Investment Insights
Based on property information with market context.
This 2,924-square-foot office unit occupies portions of two levels, with a lobby downstairs and a larger studio or office area above. Interior features include hardwood floors, recessed lighting, natural light, and a second-floor skylight. The property was built in 1927.
The unit is at 5117 MacArthur Boulevard NW in Washington, DC, and includes one assigned parking space. Signage is an available feature, and the lease structure is NNN.
The unit is at 5117 MacArthur Boulevard NW in Washington, DC, and includes one assigned parking space. Signage is an available feature, and the lease structure is NNN.
Key Highlights
- 2,924‑square‑foot office unit across portions of two levels
- Lower‑level lobby with a larger studio or office area upstairs
- Hardwood floors, recessed lighting, and a second‑floor skylight
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,843
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,856,860
$1.9M
Cap Rate 7%
$1,326,329
$1.3M
Cap Rate 9%
$1,031,589
$1.0M
Market Conditions
NOI Build-Up for 2,924 SF
Gross rent
$147.4K $50.40/SF
− Vacancy
−$23.6K −$8.06/SF
EGI
$123.8K $42.34/SF
− OpEx
−$30.9K −$10.58/SF
NOI
$92.8K $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%
$1,856,860
Cap Rate 7%
$1,326,329
Cap Rate 9%
$1,031,589
Alternative Uses
Best Use
Office B
$1.33M
$1.16M – $1.55M
NOI $92,843 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.32M – $1.75M
NOI $105,281 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
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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
$1,206,200
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Washington, DC
Properties on Market for Office Units in Washington
Vacancy Rate% for Office in Washington, DC
Frequently Asked Questions
What type of property is this?
Office unit - A lower-level lobby and upper-floor studio are complemented by hardwood flooring and a skylight.
Where is this office unit located?
The property is located at 5117 MACARTHUR BOULEVARD NW Washington, DC.
What are key features of this property?
This property features: 2,924‑square‑foot office unit across portions of two levels; Lower‑level lobby with a larger studio or office area upstairs; Hardwood floors, recessed lighting, and a second‑floor skylight
