Retail Space in Petworth
For Sale
Contact for pricing
5111 Georgia Ave, Washington, DC 20011
Retail space for sale or lease in Washington, DC.
Property Size2,658 SF
Price / SF$507.90
Days on Market854
Property Features for 5111 Georgia Ave
General Information
Standard status
Active
Size
2,658 SF
Property subtype
Retail
Zoning
MU-4
Building Details
Tenancy
Single
Listing Agency:
Divaris Real Estate Inc DC Regional Office
Listed By:
Shadi Ayyoubi · License #DC
(703) 946-6003
Source:
Crexi
Added: Jun 5, 2024
Changed: Sep 23
Last Checked: Oct 5 at 7:35PM
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 Divaris Real Estate Inc DC Regional Office
Investment Insights
Based on property information with market context.
The property at 5111 Georgia Ave offers an opportunity to purchase or lease retail space in the Petworth submarket of Washington, DC. The space totals 2,658 square feet, with 1,371 square feet on the ground floor and 1,287 square feet in the basement, which features an 8-foot ceiling. The property has been recently approved for use as a daycare. The MU-4 zoning supports a variety of retail uses. The property is located in the Uptown submarket of Washington, DC, and is less than 1 mile from a Metro/Subway station.
Key Highlights
- Approved for daycare use, offering immediate business potential.
- MU‑4 zoning allows for diverse retail applications.
- Total of 2,658 sq ft of retail space** (1,371 sq ft ground floor, 1,287 sq ft basement).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,343
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,206,860
$1.2M
Cap Rate 7%
$862,043
$862.0K
Cap Rate 9%
$670,478
$670.5K
Market Conditions
NOI Build-Up for 2,658 SF
Gross rent
$90.3K $33.96/SF
− Vacancy
−$4.1K −$1.53/SF
EGI
$86.2K $32.43/SF
− OpEx
−$25.9K −$9.73/SF
NOI
$60.3K $22.70/SF
Area
ZIP 20011
Vacancy
4.50%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,206,860
Cap Rate 7%
$862,043
Cap Rate 9%
$670,478
Alternative Uses
Best Use
Retail
$862.0K
$754.3K – $1.01M
NOI $60,343 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,063 @ 7.0% cap · market cap 7.12%
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
1,387
Businesses Nearby
61k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 72%
Dining 25%
Electronics 3%
Dollar Tree
Shops & Services
27,499 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
15,149 visits/mo
0.0 miles
AutoZone
Shops & Services
10,445 visits/mo
0.4 miles
Exxon
Shops & Services
5,522 visits/mo
0.1 miles
Metro by T-Mobile
Electronics
894 visits/mo
0.2 miles
Demographics for 20011, DC
67,815
Population
29,658
Households
2.3
Avg Household Size
37
Median Age
55%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
12,558
Density / Sq Mi
$108,377
Median Household Income
$69,147
Median Earnings
$1,636
Median Rent
$722,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Washington, DC
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space for sale or lease in Washington, DC.
Where is this retail space located?
The property is located at 5111 Georgia Ave Washington, DC.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Approved for daycare use, offering immediate business potential.; MU‑4 zoning allows for diverse retail applications.; Total of 2,658 sq ft of retail space** (1,371 sq ft ground floor, 1,287 sq ft basement).
