Vacant Renovated Storefront
New
For Sale
$2,365,000
6101 GEORGIA Ave NW, Washington, DC 20011
Masonry retail building with dedicated parking, a loading dock, and flexible vacant occupancy.
Property Size6,329 SF
Lot Size0.38 Acres
Price / SF$373.68
Days on Market3
Property Features for 6101 GEORGIA Ave NW
General Information
Standard status
Active
Size
6,329 SF
Total Parking Spaces
26
Lot size
0.38 Acres
Property subtype
Commercial
Zoning
MU-4
Site & Location
Frontage
116 ft
Road Frontage
116 ft
Traffic Count
25,500 vehicles/day
Road Access
Yes
Additional Details
Land Use
retail
Taxes and HOA fees
Annual Taxes
$45,685
Amenities
loading dock
central HVAC
Building Details
Year Built
1936
Year Renovated
2020
Buildings
1
Units
1
Construction
masonry
Listing Agency:
GREYSTEEL COMPANY LLC
(202) 280-2722
Listed By:
Ari Firoozabadi · License #SP200205538
(202) 280-2722
Source:
Elliman
Added: Aug 11
Changed: Aug 12
Last Checked: Aug 12 at 3:44AM
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 GREYSTEEL COMPANY LLC
Investment Insights
Based on property information with market context.
This vacant storefront property in Washington, DC includes a 6,329-square-foot masonry building renovated in 2020. The improvements feature central HVAC, 12'10" ceiling heights, a loading dock, and 26 dedicated parking spaces. The property was built in 1936 and is offered without existing tenant occupancy.
The site occupies 16,614 square feet along Georgia Avenue, with 116 feet of frontage and exposure to more than 25,500 vehicles per day. MU-4 zoning and 3.0 FAR with IZ support approximately 49,842 buildable square feet, adding a redevelopment dimension to the existing retail asset. Walk Score is 83, Bike Score is 72, and Transit Score is 67.
The site occupies 16,614 square feet along Georgia Avenue, with 116 feet of frontage and exposure to more than 25,500 vehicles per day. MU-4 zoning and 3.0 FAR with IZ support approximately 49,842 buildable square feet, adding a redevelopment dimension to the existing retail asset. Walk Score is 83, Bike Score is 72, and Transit Score is 67.
Key Highlights
- 6,329‑square‑foot masonry building renovated in 2020
- 16,614‑square‑foot MU‑4 parcel with 3.0 FAR with IZ
- Approximately 49,842 buildable square feet
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
$143,683
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
6.08%
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%
$2,873,660
$2.9M
Cap Rate 7%
$2,052,614
$2.1M
Cap Rate 9%
$1,596,478
$1.6M
Market Conditions
NOI Build-Up for 6,329 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
$214.9K $33.96/SF
− Vacancy
−$9.7K −$1.53/SF
EGI
$205.3K $32.43/SF
− OpEx
−$61.6K −$9.73/SF
NOI
$143.7K $22.70/SF
Area
ZIP 20011
Vacancy
4.50%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
30.00%
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%
$2,873,660
Cap Rate 7%
$2,052,614
Cap Rate 9%
$1,596,478
Alternative Uses
Best Use
Retail
$2.05M
$1.80M – $2.39M
NOI $143,683 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.27M
$2.86M – $3.81M
NOI $228,737 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
25,500 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,310
Businesses Nearby
296k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 44%
Shops & Services 24%
Dining 16%
Groceries 15%
Walmart
Superstores
130,268 visits/mo
0.2 miles
Safeway
Groceries
44,925 visits/mo
0.3 miles
McDonald's
Dining
42,399 visits/mo
0.2 miles
Dollar Tree
Shops & Services
27,499 visits/mo
0.5 miles
Exxon
Shops & Services
10,525 visits/mo
0.2 miles
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 Retail in Washington, DC
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- sayitwithflowers.online — 1508 underwood st nw, washington, dc 20012
- Mary Wood's Florist — 923 Kennedy St NW, Washington, DC 20011
- Convention Floral — 5932 3rd St NW, Washington, DC 20011
- N Time Floral Design — 1209 Tuckerman St NW, Washington, DC 20011
- Shaeffer Design Group — 1311 sheridan st nw, washington, dc 20011
Frequently Asked Questions
What type of property is this?
Storefront property - Masonry retail building with dedicated parking, a loading dock, and flexible vacant occupancy.
Where is this storefront property located?
The property is located at 6101 GEORGIA Ave NW Washington, DC.
What is the asking price?
The asking price for this property is $2,365,000.
What are key features of this property?
This property features: 6,329‑square‑foot masonry building renovated in 2020; 16,614‑square‑foot MU‑4 parcel with 3.0 FAR with IZ; Approximately 49,842 buildable square feet
