Mixed-Use Property in Chinatown,
For Sale
Contact for pricing
825 7th Street NW, Washington, DC 20001
Leased mixed-use property with stable, diversified income streams.
Property Size15,623 SF
Price / SF$564.55
Days on Market118
Property Features for 825 7th Street NW
General Information
Standard status
Active
Size
15,623 SF
Property subtype
Mixed Use, Retail
Zoning
D-5-R
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$617,731
Building Details
Year Built
1999
Year Renovated
2026
Tenancy
Multi
Listing Agency:
SRS Real Estate Partners McLean
Listed By:
Andrew Fallon · License #PA RSR006585
(202) 286-1542
Source:
Crexi
Added: May 16
Changed: Sep 7
Last Checked: Sep 10 at 6:17AM
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 SRS Real Estate Partners McLean
Investment Insights
Based on property information with market context.
This 15,623 square foot mixed-use property is fully leased to two tenants, offering a mix of necessity-based and experiential uses. Located in the heart of Chinatown and Downtown Washington, D.C., the property benefits from a complementary tenant mix. Chili Bistro, a full-service restaurant and well-established local favorite, occupies 34% of the gross leasable area (GLA) in the basement and ground floor. Templeton Academy, an education-focused institutional use that supports consistent daily activity and community engagement, occupies 66% of the GLA on the ground, second, and third floors. The asset benefits from a weighted average lease term (WALT) of approximately 9.7 years, with Chili Bistro's recently executed 12.5-year lease in 2025 and Templeton Academy's 8-year lease set to commence in June 2026. Both tenants operate under net leases, reducing the risk of expense slippage.
Key Highlights
- 100% leased property totaling 15,623 SF in Chinatown/Downtown D.C.
- Long weighted average lease term (WALT) of approximately 9.7 years.
- Stable income streams** from two tenants: Chili Bistro (34% GLA) and Templeton Academy (66% GLA).
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
$257,780
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
2.92%
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%
$5,155,600
$5.2M
Cap Rate 7%
$3,682,571
$3.7M
Cap Rate 9%
$2,864,222
$2.9M
Market Conditions
NOI Build-Up for 15,623 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
$468.7K $30.00/SF
− Vacancy
−$56.2K −$3.60/SF
EGI
$412.4K $26.40/SF
− OpEx
−$154.7K −$9.90/SF
NOI
$257.8K $16.50/SF
Area
Washington, DC
Vacancy
12.00%
Lease Rate
$30.00 /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%
$5,155,600
Cap Rate 7%
$3,682,571
Cap Rate 9%
$2,864,222
Alternative Uses
Best Use
Mixed Use
$3.68M
$3.22M – $4.30M
NOI $257,780 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.04M
$7.03M – $9.38M
NOI $562,518 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
14,705
Businesses Nearby
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Business Placement
Demographics for 20001, DC
49,040
Population
26,728
Households
1.8
Avg Household Size
32
Median Age
78%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
24,520
Density / Sq Mi
$138,730
Median Household Income
$94,675
Median Earnings
$2,464
Median Rent
$844,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Leased mixed-use property with stable, diversified income streams.
Where is this mixed-use property located?
The property is located at 825 7th Street NW Washington, DC.
What is the asking price?
The asking price for this property is $8,820,000.
What are key features of this property?
This property features: 100% leased property totaling 15,623 SF in Chinatown/Downtown D.C.; Long weighted average lease term (WALT) of approximately 9.7 years.; Stable income streams** from two tenants: Chili Bistro (34% GLA) and Templeton Academy (66% GLA).
