Building Details

Building Size 850 SF

Listed By: Nathan Bortnick Show Phone

Source: Lpc

Added: Jun 2 Changed: Oct 26 Last Checked: Oct 28 at 5:04AM

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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 Nathan Bortnick

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Investment Insights

Based on property information with market context.

A well-suited medical office condo offering approximately 850 square feet of customizable space. The current layout includes private office or exam rooms, a break room, and two restrooms, providing a functional foundation for a range of healthcare practices. Two hypothetical layout options are referenced, allowing prospective owners to adapt the interior plan for their specific use.

The suite is located on Connecticut Avenue in Chevy Chase, DC, between Legation Street NW and Military Road NW. It benefits from an established neighborhood setting with nearby restaurants and retail shops, and it is within walking distance of the Friendship Heights Metro station.

This property is a practical fit for medical and therapy providers seeking an owned, ready-to-operate condo configuration. With multiple private rooms and dedicated restrooms already in place, it can support patient-facing workflows while keeping the space efficient. Buyers looking for a compact, adaptable office option in a walkable commercial corridor should find this condo’s existing improvements a useful starting point.

Key Highlights

• 850 SF medical office condo on Connecticut Avenue in Chevy Chase, DC
• Includes private office/exam rooms plus a break area
• Two (2) restrooms within the unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,989

Cap Rate

7.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$539,780 $539.8K

Cap Rate 7%

$385,557 $385.6K

Cap Rate 9%

$299,878 $299.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 850 SF

Gross rent

$42.8K $50.40/SF

− Vacancy

−$6.9K −$8.06/SF

EGI

$36.0K $42.34/SF

− OpEx

−$9.0K −$10.58/SF

NOI

$27.0K $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%

$539,780

Cap Rate 7%

$385,557

Cap Rate 9%

$299,878

Alternative Uses

Best Use

Office B

$385.6K

$337.4K – $449.8K (±1% cap)

NOI $26,989 @ 7.0% cap · market cap 7.52%

Second Best

Healthcare Medical

$225.2K

$197.1K – $262.8K (±1% cap)

NOI $15,765 @ 7.0% cap · market cap 4.39%

Theoretical Best

Office A

$437.2K

$382.6K – $510.1K (±1% cap)

NOI $30,605 @ 7.0% cap · market cap 8.53%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Neander Michael MD Physician The Garfield Condominiums Condominium Complex Nover Robert A MD Physician C35 Films Media Distribution Kenneth C Ullman ... Medical Clinic

Suggested Use

Top Pick Big Box & Wholesale Store Auto Repair Shop Barber Shop Electrical Service Grocery & Convenience Store Nail Salon

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

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 South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Frequently Asked Questions

What type of property is this?

Medical Office Space - Compact medical office condo with private exam rooms, break area, and two restrooms near transit and neighborhood retail.

Where is this medical office space located?

The property is located at 5410 Connecticut Avenue NW #119 Chevy Chase, DC.

What is the asking price?

The asking price for this property is $359,000.

What are key features of this property?

This property features: 850 SF medical office condo on Connecticut Avenue in Chevy Chase, DC; Includes private office/exam rooms plus a break area; Two (2) restrooms within the unit