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    5120 Georgia Ave Washington, DC 20011

    Sponsored
    For Sale
    $2,900,000

    Prime DC location, high potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,588 square foot property at 5120 Georgia Ave NW, Washington, DC 20011, presents a unique redevelopment opportunity. Previously operating as a gas station, tire shop, and car wash, the site offers significant potential for investors seeking a high-return project. The property, zoned MU-4, is ideally suited for multifamily development, capitalizing on the area's strong demographics and growth projections. Located in the Uptown submarket, the site boasts excellent foot traffic and transit scores, enhanced by 20 free surface parking spaces and a loading dock. The existing building, constructed in 1947, is a masonry structure. Currently occupied by a single tenant under a lease, this fee-simple offering presents a stable investment with a 5.00% cap rate and an asking price of $2,900,000. The property sits within a 1-mile radius of a population of 45,278 residents. Note that multiple underground tanks are present on the site. This is a rare chance to acquire a prime piece of real estate in a thriving Washington, D.C. neighborhood. The property's strong fundamentals and redevelopment potential make it an attractive investment for discerning buyers.

    Property Features for 5120 Georgia Ave

    General Information

    Property type
    Multifamily properties
    Class
    C

    Building Details

    Units
    1

    HighLights

    • 1,588 SF redevelopment opportunity at 5120 Georgia Ave NW, Washington, DC 20011.
    • Former gas station, tire shop, and car wash with high‑return potential.
    • MU‑4 zoning ideal for multifamily development in the Uptown submarket.
    • Excellent foot traffic, transit scores, 20 surface parking spaces, and a loading dock.
    • 1947 masonry building, currently leased with a 5.00% cap rate and $2,900,000 asking price.
    • Fee‑simple ownership, 45,278 residents within a 1‑mile radius, and multiple underground tanks present.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Washington
    County
    District Of Columbia
    State
    District of Columbia
    Longitude
    -77.0277458
    Latitude
    38.9527247

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    FAQs

    What type of property is this?
    Multifamily property - Prime DC location, high potential.
    Where is this multifamily property located?
    The property is located at 5120 Georgia Ave Washington, DC.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: 1,588 SF redevelopment opportunity at 5120 Georgia Ave NW, Washington, DC 20011.; Former gas station, tire shop, and car wash with high-return potential.; MU-4 zoning ideal for multifamily development in the Uptown submarket.
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    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
    5120 Georgia Ave Washington, DC 20011
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