Two-Level Loft Residential
New
For Sale
$714,999
912 F STREET NW Unit 508, Washington, DC 20004
Loft-style condominium residence with private outdoor space, flexible living areas, and building amenities in Penn Quarter.
Property Size1,251 SF
Days on Market5
Property Features for 912 F STREET NW Unit 508
General Information
Standard status
Active
Size
1,251 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,339
Amenities
concierge/front desk service
fitness center
bike storage
pet-friendly
stylish modern lobby
private balcony
in-unit laundry
Building Details
Building Size
1,251 SF
Year Built
2006
Listing Agency:
Keller Williams Capital Properties
Listed By:
Nelson Noe Fuentes · License #SP200204358
(301) 996-9301
Source:
Kwcapitalproperties
Added: Sep 6
Changed: Sep 10
Last Checked: Sep 10 at 6:08AM
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 Keller Williams Capital Properties
Investment Insights
Based on property information with market context.
Built in 2006, this two-level loft-style condominium residence combines an open main floor with a separate bedroom level. The home includes 2 bedrooms and 2.5 bathrooms, with each bedroom offering a private en-suite bath. The main level features tall ceilings, large windows, a kitchen and living area, private balcony access, a powder room, in-unit laundry, and an adaptable bonus area suitable for office, guest, or additional living use. The primary suite includes substantial closet space and a spacious bathroom.
Building amenities include concierge and front desk service, a fitness center, bike storage, a modern lobby, and pet-friendly policies. The property is located in Penn Quarter near Gallery Place-Chinatown and Metro Center, with CityCenterDC, Capital One Arena, Ford’s Theatre, restaurants, shopping, and nightlife nearby.
Building amenities include concierge and front desk service, a fitness center, bike storage, a modern lobby, and pet-friendly policies. The property is located in Penn Quarter near Gallery Place-Chinatown and Metro Center, with CityCenterDC, Capital One Arena, Ford’s Theatre, restaurants, shopping, and nightlife nearby.
Key Highlights
- Two‑level loft‑style residence with 2 bedrooms and 2.5 bathrooms
- Private balcony, in‑unit laundry, and flexible bonus area
- Two bedroom suites, each with a private en‑suite bathroom
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
$20,786
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
2.91%
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%
$415,720
$415.7K
Cap Rate 7%
$296,943
$296.9K
Cap Rate 9%
$230,956
$231.0K
Market Conditions
NOI Build-Up for 1,251 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
$39.8K $31.80/SF
− Vacancy
−$2.0K −$1.59/SF
EGI
$37.8K $30.21/SF
− OpEx
−$17.0K −$13.59/SF
NOI
$20.8K $16.62/SF
Area
Washington, DC
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
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%
$415,720
Cap Rate 7%
$296,943
Cap Rate 9%
$230,956
Alternative Uses
Best Use
Apartment 5plus
$296.9K
$259.8K – $346.4K
NOI $20,786 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$643.5K
$563.0K – $750.7K
NOI $45,043 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
14,770
Businesses Nearby
Explore this area
Business Placement
Demographics for 20004, DC
1,682
Population
1,593
Households
1.1
Avg Household Size
40
Median Age
95%
College-Educated
100%
High-School Grad
0.2 sq mi
ZIP Area
8,410
Density / Sq Mi
$161,359
Median Household Income
$133,857
Median Earnings
$2,945
Median Rent
$650,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Loft-style condominium residence with private outdoor space, flexible living areas, and building amenities in Penn Quarter.
Where is this residential income property located?
The property is located at 912 F STREET NW Unit 508 Washington, DC.
What is the asking price?
The asking price for this property is $714,999.
What are key features of this property?
This property features: Two‑level loft‑style residence with 2 bedrooms and 2.5 bathrooms; Private balcony, in‑unit laundry, and flexible bonus area; Two bedroom suites, each with a private en‑suite bathroom
