Mixed-Use Property in Chinatown,
825 7th Street NW Washington, DC 20001
825 7th Street NW, Washington, DC, 20001
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For Sale
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Leased mixed-use property with stable, diversified income streams.
Property Size15,623 SF
Price / SF$564.55
Days on Market66
Property Features for 825 7th Street NW
General Information
- Standard status
- Active
- Size
- 15,623 SF
- Property subtype
- Mixed Use, Retail
Building Details
- Year Built
- 1999
Listing Agency
SRS Real Estate Partners McLean
(202) 286-1542
Listed by
Andrew Fallon · License #DC SP200204411
Source
Crexi
Added: May 15 Checked: Jul 19 at 4:31 am
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).
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $468.7k | $30.00 |
| − Vacancy | −$56.2k | −$3.60 |
| EGI | $412.4k | $26.40 |
| − OpEx | −$154.7k | −$9.90 |
| NOI | $257.8k | $16.50 |
15,623 SF · lease $30.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$3.68M
$3.22M – $4.30M
NOI $257,780 @ 7.0% cap · market cap 2.92%
Second Best
Retail
$3.58M
$3.13M – $4.18M
NOI $250,655 @ 7.0% cap · market cap 2.84%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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).
