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    1415 H St Washington, DC 20002

    Sponsored
    For Sale
    $900,000

    Vacant Retail, Huge Potential

    Property size:
    1,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 1,600 sq ft mixed-use building at 1415 H St NE, Washington, DC 20002, offers a unique investment opportunity. Built in 1900 and renovated in 2008, this fee-simple property boasts a vacant storefront, perfect for an owner-user seeking retail space with additional upper-level space. The 1,146 sq ft lot includes 5,501 sq ft of air rights, presenting substantial potential for future expansion or redevelopment. Currently zoned NMU-7B/H-A, this flexible zoning allows for various use combinations, including retail with residential or office space above. The asking price is $900,000, representing a price per square foot of $562.50 and a pro-forma cap rate of 7.52%, with a pro-forma NOI of $67,656. Its prime location on the 1400 block of H Street NE, near the intersection of H Street, Bladensburg Rd, Benning Rd, and Maryland Ave, ensures high foot traffic due to its proximity to Hechinger Mall and the DC Streetcar. This value-add opportunity is ideal for an investor seeking to lease the retail space or convert the upper level to residential. The property consists of one building with two stories. The building's features include 1,600 sq ft of net rentable space.

    Property Features for 1415 H St

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,600 SF

    Building Details

    Year Built/Renovated
    1900/2008
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • $900,000 asking price for a 1,600 square foot mixed‑use building.
    • Vacant, 1,600 square feet of net rentable space, offering owner‑user or value‑add investment opportunities.
    • Located at 1415 H St NE, Washington, DC 20002, with flexible zoning allowing for various use combinations.
    • Features a 7.52% pro‑forma cap rate and a pro‑forma NOI of $67,656.
    • Built in 1900 and renovated in 2008, the two‑story building sits on a 1,146 square foot lot with 5,501 square feet of air rights.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Washington
    County
    District Of Columbia
    State
    District of Columbia
    Longitude
    -76.984994131245
    Latitude
    38.900250670646

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    FAQs

    What type of property is this?
    Individual retail property - Vacant Retail, Huge Potential
    Where is this individual retail property located?
    The property is located at 1415 H St Washington, DC.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: $900,000 asking price for a 1,600 square foot mixed-use building.; Vacant, 1,600 square feet of net rentable space, offering owner-user or value-add investment opportunities.; Located at 1415 H St NE, Washington, DC 20002, with flexible zoning allowing for various use combinations.
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    1415 H St Washington, DC 20002
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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
    1415 H St Washington, DC 20002
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