Furnished Office Condo Near
For Sale
$165,000
Pending
5410 Connecticut Ave Nw #108, Washington, DC 20015
Furnished 509 SF office condo near Friendship Heights Metro.
Property Size509 SF
Days on Market309
Property Features for 5410 Connecticut Ave Nw #108
General Information
Standard status
Pending
Size
509 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,597
Amenities
Urban
Building Details
Year Built
1957
Listing Agency:
COMPASS
(301) 298-1001
Listed By:
JAN BRITO · License #sp98363271
Source:
Corcoran
Added: Oct 18, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:06PM
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 COMPASS
Investment Insights
Based on property information with market context.
Located in a condo building with doctors' offices on the lobby level, this furnished 509 square foot office is suitable for a mental health professional. The unit features an office, waiting room, kitchen, and bathroom. Soundproofing includes double doors between the waiting room and office. The kitchen and bathroom are original. A separately deeded parking space is included. The property is situated a short distance from the Friendship Heights Metro, near amenities such as Bloomingdale's, Whole Foods, Safeway, Starbucks, and a library. The professionally managed condominium offers 24-hour desk service, a multi-purpose room with kitchen and bath, a well-equipped exercise room, and a modern roof deck. Additional features include luggage rooms and bike racks.
Key Highlights
- Furnished mental health professional's office on the lobby level.
- Includes a separately deeded parking space (valued at $25,000).
- Prime location near Friendship Heights Metro, Bloomingdale's, Whole Foods, and diverse dining.
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
$9,441
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
5.72%
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%
$188,820
$188.8K
Cap Rate 7%
$134,871
$134.9K
Cap Rate 9%
$104,900
$104.9K
Market Conditions
NOI Build-Up for 509 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
$17.1K $33.60/SF
− Vacancy
−$1.4K −$2.69/SF
EGI
$15.7K $30.91/SF
− OpEx
−$6.3K −$12.36/SF
NOI
$9.4K $18.55/SF
Area
Washington, DC
Vacancy
8.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
40.00%
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%
$188,820
Cap Rate 7%
$134,871
Cap Rate 9%
$104,900
Alternative Uses
Best Use
Office B
$230.9K
$202.0K – $269.4K
NOI $16,162 @ 7.0% cap · market cap 9.80%
Second Best
Healthcare Medical
$134.9K
$118.0K – $157.4K
NOI $9,441 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$261.8K
$229.1K – $305.5K
NOI $18,327 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,224
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20015, DC
16,628
Population
6,727
Households
2.5
Avg Household Size
45
Median Age
86%
College-Educated
96%
High-School Grad
3.5 sq mi
ZIP Area
4,751
Density / Sq Mi
$250,001
Median Household Income
$152,430
Median Earnings
$2,088
Median Rent
$1,208,700
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?
Medical Office Space - Furnished 509 SF office condo near Friendship Heights Metro.
Where is this medical office space located?
The property is located at 5410 Connecticut Ave Nw #108 Washington, DC.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Furnished mental health professional's office on the lobby level.; Includes a separately deeded parking space (valued at $25,000).; Prime location near Friendship Heights Metro, Bloomingdale's, Whole Foods, and diverse dining.
