New Mixed-Use Property with Office and
For Sale
$4,200,000
5419 1st St NW, Washington, DC 20011
Newly constructed mixed-use building combines four 5-bedroom residences with five studio office suites and retail component.
Property Size12,800 SF
Price / SF$328.13
Days on Market56
Property Features for 5419 1st St NW
General Information
Standard status
Active
Size
12,800 SF
Property subtype
Multifamily
Units
Multifamily Units
4
Office Units
5
Additional Details
Cap Rate
9.02%
Amenities
Newly Constructed Mixed-Use Asset Featuring Multifamily, Office, and Retail
Diversified Income Stream Supported by Four Residential Units and Five Office Suites
Projected 8.79 Percent Pro Forma Capitalization Rate
Projected Effective Gross Income of $471,789 and Net Operating Income of $369,262
Building Details
Building Size
12,800 SF
Units
4
Tenancy
Multi
Listing Agency:
Marcus & Millichap Real Estate
(202) 536-3742
Listed By:
Lorenzo Wooten, CCIM · License #License(s): MD: 629911, DC: SP98367898
(202) 536-3742
Source:
Marcusmillichap
Added: Jun 28
Changed: Aug 14
Last Checked: Aug 22 at 3:30AM
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 Marcus & Millichap Real Estate
Investment Insights
Based on property information with market context.
This newly constructed mixed-use property combines residential, office, and retail components in a single asset. The residential portion features four spacious five-bedroom, four-bathroom units. The office component includes five professionally designed studio office suites. The property is presented as a newly delivered offering with minimal deferred maintenance concerns, supported by the diversified mix of unit types within the overall building.
The asset is offered for sale at 5419 1st Street NW in Washington, D.C. The building totals approximately 12,800 rentable square feet and is structured to support multiple revenue streams through both residential and commercial tenancy.
From a leasing and operating perspective, the configuration is designed for a tenant mix spanning residential and smaller office users, while also including a retail component. The offering is accompanied by pro forma results cited in the remarks, including a projected 8.79% pro forma capitalization rate and an 11.82% stabilized cash-on-cash return, based on projected effective gross income of $471,789 and projected net operating income of $369,262. For buyers seeking a modern, diversified mixed-use hold, the unit mix and newly constructed condition are central considerations.
The asset is offered for sale at 5419 1st Street NW in Washington, D.C. The building totals approximately 12,800 rentable square feet and is structured to support multiple revenue streams through both residential and commercial tenancy.
From a leasing and operating perspective, the configuration is designed for a tenant mix spanning residential and smaller office users, while also including a retail component. The offering is accompanied by pro forma results cited in the remarks, including a projected 8.79% pro forma capitalization rate and an 11.82% stabilized cash-on-cash return, based on projected effective gross income of $471,789 and projected net operating income of $369,262. For buyers seeking a modern, diversified mixed-use hold, the unit mix and newly constructed condition are central considerations.
Key Highlights
- Newly constructed mixed‑use building with multifamily, office, and retail components at 5419 1st Street NW, Washington, D.C.
- Totaling approximately 12,800 rentable SF with a diversified tenant mix across residential and commercial uses.
- Residential: four 5‑bedroom, 4‑bathroom units with projected rent of $7,004 per month ($4.12/SF).
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
$253,440
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
6.03%
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%
$5,068,800
$5.1M
Cap Rate 7%
$3,620,571
$3.6M
Cap Rate 9%
$2,816,000
$2.8M
Market Conditions
NOI Build-Up for 12,800 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
$460.8K $36.00/SF
− Vacancy
−$55.3K −$4.32/SF
EGI
$405.5K $31.68/SF
− OpEx
−$152.1K −$11.88/SF
NOI
$253.4K $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 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%
$5,068,800
Cap Rate 7%
$3,620,571
Cap Rate 9%
$2,816,000
Alternative Uses
Best Use
Office B
$6.11M
$5.35M – $7.13M
NOI $427,908 @ 7.0% cap · market cap 10.19%
Second Best
Mixed Use
$3.62M
$3.17M – $4.22M
NOI $253,440 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$6.61M
$5.78M – $7.71M
NOI $462,606 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Office units
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
926
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
Market
Vacancy Rate% for Office in Washington, DC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Newly constructed mixed-use building combines four 5-bedroom residences with five studio office suites and retail component.
Where is this mixed-use property located?
The property is located at 5419 1st St NW Washington, DC.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Newly constructed mixed‑use building with multifamily, office, and retail components at 5419 1st Street NW, Washington, D.C.; Totaling approximately 12,800 rentable SF with a diversified tenant mix across residential and commercial uses.; Residential: four 5‑bedroom, 4‑bathroom units with projected rent of $7,004 per month ($4.12/SF).
