Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1818-1820 Benning Rd Washington, DC 20002

    Sponsored
    For Sale
    $3,000,000

    Prime location, high income potential

    Property size:
    3,215 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property in Washington, DC, offers a compelling investment opportunity. Located at 1818-1820 Benning Rd NE, this 3,215 square foot building, constructed in 1947, sits on a 0.09-acre lot and is zoned for commercial use. Currently featuring a leased convenience store generating $45,799 annual NOI and a vacant unit with significant rental potential (projected to add $45,000 annually to NOI), this property presents a strong current income stream. The asking price is $3,000,000, reflecting a current cap rate of 1.53% and a pro-forma cap rate of 3.05%. The property's location offers high visibility, with approximately 40,000 vehicles passing daily. Its proximity to the H Street Corridor, Union Station, and multiple public transportation options ensures excellent connectivity. The surrounding area boasts substantial residential and retail development, strong demographics (average household income exceeding $133,200 within a 2-mile radius), and numerous retail and cultural amenities. The vacant unit presents an owner-occupancy opportunity, potentially qualifying for SBA financing. Furthermore, its location within an Opportunity Zone offers potential tax advantages. This property presents a rare chance to develop a multifamily mixed-use project, potentially adding 20+ residential units, while simultaneously generating income from existing tenants. The existing 10-year lease (expiring November 30, 2026) provides immediate cash flow during any development process.

    Property Features for 1818-1820 Benning Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,215 SF
    Lot Size
    3,920 SF

    Building Details

    Year Built
    1947
    Buildings
    1
    Units
    2

    HighLights

    • Strong current income stream from leased convenience store ($45,799 annual NOI).
    • Significant immediate rental potential in vacant unit (projected $45,000 annual NOI increase).
    • High‑visibility location with 40,000+ vehicles passing daily.
    • Mixed‑use development opportunity with potential for 20+ residential units.
    • Existing lease provides income during any development (10‑year lease expiring 11/30/2026).
    • Prime location near H Street Corridor, Union Station, and public transit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Washington
    County
    District Of Columbia
    State
    District of Columbia
    Longitude
    -76.976749394632
    Latitude
    38.899385719145

    Nearby Similar for Sale

    • $2,900,000
      2,832 SF

      Renovated Multi-Family in Washington, DC

      Newly renovated 11-bedroom property in the heart of Washington, DC.
      605 P St NW, Washington, DC 20001
      View Details
    • $999,999
      3,722 SF

      Multi-Family Building in Washington, DC

      Four-unit multi-family building with modern upgrades in a growing neighborhood.
      413 Evarts St NE, Washington, DC 20017
      View Details
    • $1,650,000
      2,781 SF

      Two-Unit Building in Shaw Neighborhood

      Elegant two-unit building in vibrant Shaw neighborhood, Washington, DC.
      1242 New Jersey Ave NW, Washington, DC 20001
      View Details
    • $2,995,000
      5,306 SF

      Luxury Residences in Columbia Heights

      Four luxury units in a sought-after NW location.
      1461 Chapin St NW, Washington, DC 20009
      View Details
    • $1,399,000
      3,635 SF

      Victorian Four-Unit Building with Garage

      South-facing four-unit building in historic Mount Pleasant with garage.
      1829 Monroe St NW, Washington, DC 20010
      View Details
    • $1,500,000
      4,862 SF

      Renovated Multifamily Investment Opportunity

      Six-unit renovated multifamily property in Washington, DC.
      2822 28Th St SE, Washington, DC 20020
      View Details
    • $1,350,000
      0.14 Acres

      Renovated Multifamily Building in Trinidad

      Six-unit multifamily property with income and appreciation potential in Trinidad.
      1307-1309 Holbrook St NE, Washington, DC 20002
      View Details
    • $1,395,000
      1,771 SF

      Capitol Hill Victorian Multifamily Property

      Victorian triplex with carriage house near Barracks Row.
      812 Street Expy E, Washington, DC 20003
      View Details
    • New
      $1,189,000
      3,020 SF

      Bloomingdale Two-Unit Property

      Expansive two-unit property with 10 bedrooms in Bloomingdale.
      28 T St NW, Washington, DC 20001
      View Details
    • New
      $1,800,000
      4,190 SF

      Unique Quadruplex in Historic District

      Rare investment opportunity near metro, with potential for multiple owners.
      513-519 12Th St SE, Washington, DC 20003
      View Details
    • $5,600,000
      7,325 SF

      Georgetown Multifamily Investment Opportunity

      Rare Georgetown multifamily asset with secure cash flow and enduring demand.
      1072 Thomas Jefferson St NW, Washington, DC 20007
      View Details
    • $1,995,000
      4,372 SF

      Adaptable Carriage House in Shaw

      Converted 1899 horse stable with two units in vibrant Shaw.
      1315 Naylor Ct NW, Washington, DC 20001
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Prime location, high income potential
    Where is this individual retail property located?
    The property is located at 1818-1820 Benning Rd Washington, DC.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Strong current income stream from leased convenience store ($45,799 annual NOI).; Significant immediate rental potential in vacant unit (projected $45,000 annual NOI increase).; High-visibility location with 40,000+ vehicles passing daily.
    Request Owner's contact information
    1818-1820 Benning Rd Washington, DC 20002
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1818-1820 Benning Rd
    Washington, DC 20002
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1818-1820 Benning Rd Washington, DC 20002
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.