H Street Mixed-Use
For Sale
$1,200,000
818 H St NE, Washington, DC 20002
Vacant mixed-use property with restaurant space and residential unit.
Property Size3,750 SF
Price / SF$320
Days on Market229
Property Features for 818 H St NE
General Information
Standard status
Active
Size
3,750 SF
Site & Location
Neighborhood
Ft. Washington
Building Details
Year Built
1932
Listing Agency:
Feldman Ruel Urban Property Advisors
Listed By:
Ian Ruel · License #DC BR200201389
(202) 318-6844
Source:
Gklegacygroup
Added: Mar 12
Changed: Oct 25
Last Checked: Oct 7 at 1:47PM
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 Feldman Ruel Urban Property Advisors
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Investment Insights
Based on property information with market context.
Located along the H Street corridor in Washington, D.C., the mixed-use property at 818 H Street NE is available for sale. Delivered vacant, the property features a combination of second-generation restaurant space on the street level and a two-story residential unit above. The residential unit includes four bedrooms and one and a half bathrooms. A separate entrance provides access to the upper levels, which have historically been operated as a single residential unit. There is potential to renovate the upper levels into two or more units to maximize rental revenue. A new TPO membrane roof was installed in 2022 and includes a 20-year transferable warranty. The property is centrally located along the H Street Corridor, a major commercial thoroughfare, and is directly across from the Avec on H, a 419-unit project with 44,000 square feet of retail space delivered in 2020. The property is suited for a full or partial user, or an investor with a tenant.
Key Highlights
- Vacant mixed‑use property ideal for owner‑occupier or investor.
- Prime H Street Corridor location, a major commercial thoroughfare.
- Second‑generation restaurant space on the street level.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,006
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,360,120
$1.4M
Cap Rate 7%
$971,514
$971.5K
Cap Rate 9%
$755,622
$755.6K
Market Conditions
NOI Build-Up for 3,750 SF
Gross rent
$117.0K $31.20/SF
− Vacancy
−$8.2K −$2.18/SF
EGI
$108.8K $29.02/SF
− OpEx
−$40.8K −$10.88/SF
NOI
$68.0K $18.13/SF
Area
ZIP 20002
Vacancy
7.00%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,360,120
Cap Rate 7%
$971,514
Cap Rate 9%
$755,622
Alternative Uses
Best Use
Mixed Use
$971.5K
$850.1K – $1.13M
NOI $68,006 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.94M
$1.69M – $2.26M
NOI $135,529 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,558
Businesses Nearby
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Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant mixed-use property with restaurant space and residential unit.
Where is this mixed-use property located?
The property is located at 818 H St NE Washington, DC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Vacant mixed‑use property ideal for owner‑occupier or investor.; Prime H Street Corridor location, a major commercial thoroughfare.; Second‑generation restaurant space on the street level.
