Renovated Mixed-Use
New
For Sale
$2,985,000
707 707-709 8th St SE, Washington, DC 20003
Flexible commercial building with street-level space and multiple office floors.
Property Size7,400 SF
Price / SF$403.38
Days on Market3
Property Features for 707 707-709 8th St SE
General Information
Standard status
Active
Size
7,400 SF
Occupancy
20%
Additional Details
Public Transit
Yes
Building Details
Year Built
1908
Buildings
2
Listing Agency:
Coldwell Banker Realty - Washington
(202) 258-5316
Listed By:
Charles A Burger · License #999999
Source:
Kandorre
Added: Aug 17
Changed: Aug 18
Last Checked: Aug 18 at 8:35AM
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 Coldwell Banker Realty - Washington
Investment Insights
Based on property information with market context.
This 7,400-square-foot mixed-use property combines two earlier buildings into a flexible commercial layout. The renovated first floor provides more than 2,500 square feet of street-level space, while the upper and lower levels include two dedicated office areas and an additional floor configured for apartments or offices. The building was constructed in 1908 and has undergone a full renovation.
The property is located at 707-709 8th St SE in Washington, DC’s Capitol Hill commercial district, across from the U.S. Marine Barracks and near Eastern Market Metro, the Capitol Building, and the shops and restaurants of Barracks Row. Its position along a busy Southeast commercial corridor provides street exposure and curb appeal. The property is currently offered for sale.
The property is located at 707-709 8th St SE in Washington, DC’s Capitol Hill commercial district, across from the U.S. Marine Barracks and near Eastern Market Metro, the Capitol Building, and the shops and restaurants of Barracks Row. Its position along a busy Southeast commercial corridor provides street exposure and curb appeal. The property is currently offered for sale.
Key Highlights
- 7,400‑square‑foot mixed‑use property at 707‑709 8th St SE
- Renovated first floor offers over 2,500 square feet of street‑level space
- Two dedicated office areas plus an additional floor for apartments or offices
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
$234,965
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
7.87%
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%
$4,699,300
$4.7M
Cap Rate 7%
$3,356,643
$3.4M
Cap Rate 9%
$2,610,722
$2.6M
Market Conditions
NOI Build-Up for 7,400 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
$373.0K $50.40/SF
− Vacancy
−$59.7K −$8.06/SF
EGI
$313.3K $42.34/SF
− OpEx
−$78.3K −$10.58/SF
NOI
$235.0K $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 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%
$4,699,300
Cap Rate 7%
$3,356,643
Cap Rate 9%
$2,610,722
Alternative Uses
Best Use
Office B
$3.36M
$2.94M – $3.92M
NOI $234,965 @ 7.0% cap · market cap 7.87%
Second Best
Mixed Use
$1.74M
$1.53M – $2.04M
NOI $122,100 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$3.81M
$3.33M – $4.44M
NOI $266,443 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,065
Businesses Nearby
Explore this area
Business Placement
Demographics for 20003, DC
36,501
Population
20,817
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
15,870
Density / Sq Mi
$159,604
Median Household Income
$107,846
Median Earnings
$2,630
Median Rent
$954,200
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 - Flexible commercial building with street-level space and multiple office floors.
Where is this mixed-use property located?
The property is located at 707 707-709 8th St SE Washington, DC.
What is the asking price?
The asking price for this property is $2,985,000.
What are key features of this property?
This property features: 7,400‑square‑foot mixed‑use property at 707‑709 8th St SE; Renovated first floor offers over 2,500 square feet of street‑level space; Two dedicated office areas plus an additional floor for apartments or offices
