Storefront Retail Unit in Market
For Sale
$250,000
801 PENNSYLVANIA AVENUE, Washington, DC 20004
Unit #1 in Market Square West is occupied by Market Square Cleaners and offers dedicated storefront access on D Street NW.
Property Size900 SF
Price / SF$277.78
Days on Market24
Property Features for 801 PENNSYLVANIA AVENUE
General Information
Standard status
Active
Size
900 SF
Property subtype
Business Opportunities
Amenities
3
Parking.
On Street.
Other
Other.
Building Details
Year Built
1990
Listing Agency:
Mega Realty & Investment Inc
(571) 835-4655
Listed By:
Terri Yoon · License #0225260685
(571) 835-4655
Source:
Xome
Added: Jul 20
Changed: Aug 8
Last Checked: Aug 12 at 3:20AM
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 Mega Realty & Investment Inc
Investment Insights
Based on property information with market context.
Unit #1 is a storefront retail space within the Market Square West complex and is currently occupied by Market Square Cleaners. The listing notes dedicated storefront access and requires an appointment for showings.
The property is located at 801 Pennsylvania Avenue NW in downtown Washington, DC, with access on D Street NW. The remarks also state the unit is within a short walking distance to the White House, prominent corporate offices, and luxury residences.
The tenant is described as a dry cleaner, with the unit also indicating a great alteration income/sales component in the operating profile provided by the seller.
The property is located at 801 Pennsylvania Avenue NW in downtown Washington, DC, with access on D Street NW. The remarks also state the unit is within a short walking distance to the White House, prominent corporate offices, and luxury residences.
The tenant is described as a dry cleaner, with the unit also indicating a great alteration income/sales component in the operating profile provided by the seller.
Key Highlights
- Unit #1 in the Market Square West complex is occupied by Market Square Cleaners.
- Dedicated storefront access for Unit #1 on D Street NW.
- On‑street parking available for the property.
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
$14,440
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
5.78%
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%
$288,800
$288.8K
Cap Rate 7%
$206,286
$206.3K
Cap Rate 9%
$160,444
$160.4K
Market Conditions
NOI Build-Up for 900 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
$21.6K $24.00/SF
− Vacancy
−$972 −$1.08/SF
EGI
$20.6K $22.92/SF
− OpEx
−$6.2K −$6.88/SF
NOI
$14.4K $16.04/SF
Area
Washington, DC
Vacancy
4.50%
Lease Rate
$24.00 /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%
$288,800
Cap Rate 7%
$206,286
Cap Rate 9%
$160,444
Alternative Uses
Best Use
Retail
$206.3K
$180.5K – $240.7K
NOI $14,440 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$462.9K
$405.1K – $540.1K
NOI $32,405 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
13,182
Businesses Nearby
63k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 49%
Shops & Services 35%
Dining 15%
Washington Marriott At Metro Center
Hotels & Casinos
24,363 visits/mo
0.4 miles
TD Bank
Shops & Services
11,904 visits/mo
0.4 miles
Hampton Inn Washington Downtown Convention Center
Hotels & Casinos
6,622 visits/mo
0.5 miles
HSBC
Shops & Services
6,258 visits/mo
0.3 miles
La Colombe Coffee Roasters
Dining
4,994 visits/mo
0.4 miles
Demographics for 20004, DC
1,682
Population
1,593
Households
1.1
Avg Household Size
40
Median Age
95%
College-Educated
100%
High-School Grad
0.2 sq mi
ZIP Area
8,410
Density / Sq Mi
$161,359
Median Household Income
$133,857
Median Earnings
$2,945
Median Rent
$650,700
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.
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Frequently Asked Questions
What type of property is this?
Storefront property - Unit #1 in Market Square West is occupied by Market Square Cleaners and offers dedicated storefront access on D Street NW.
Where is this storefront property located?
The property is located at 801 PENNSYLVANIA AVENUE Washington, DC.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Unit #1 in the Market Square West complex is occupied by Market Square Cleaners.; Dedicated storefront access for Unit #1 on D Street NW.; On‑street parking available for the property.
