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 Market167
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
Site & Location
Neighborhood
Mount Vernon Triangle
Building Details
Year Built
1999
Year Renovated
2026
Tenancy
Multi
Listing Agency:
SRS Real Estate Partners
Listed By:
Andrew Fallon · License #PA RSR006585
(202) 286-1542
Source:
Crexi
Added: May 16
Changed: Oct 27
Last Checked: Oct 28 at 6:41AM
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
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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 / Yr
$257,780
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
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
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 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.
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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).
