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    1707 Capitol St Washington, DC 20002

    For Sale
    $1,050,000

    Prime DC location, high ROI potential.

    Property size:
    2,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This three-story, 2,100 square foot mixed-use building at 1707 N. Capitol Street NE in Washington, DC, presents a compelling value-add investment opportunity. Built in 1900 and renovated in 2018, the property boasts a convenient store, creative office, and storefront configuration, currently vacant. The building features three units, offering flexibility for owner-occupancy and leasing. With a 7.29% pro-forma cap rate and a $76,596 pro-forma NOI, this property offers strong potential for return on investment. The 1,143 square foot lot includes significant unused air rights (3,429 sq ft), allowing for future expansion. Strategically located near three Metro stations (Green, Yellow, and Red lines), the property benefits from high visibility and easy access. The asking price is $1,050,000 ($500/sq ft). The MU-4 zoning permits diverse uses. This fee-simple ownership offers a rare chance to acquire a well-positioned property in a rapidly developing area of Washington, DC.

    Property Features for 1707 Capitol St

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,100 SF

    Building Details

    Year Built/Renovated
    1900/2018
    Buildings
    1
    Stories
    3
    Units
    3

    HighLights

    • Mixed‑use building at 1700 block of N. Capitol St NE, featuring street‑level office/retail and two upper apartments.
    • Ideal owner‑user opportunity; lease out remaining space for rental income (residential or convertible to commercial).
    • High visibility; frontage on N. Capitol St and Lincoln Rd NE.
    • Over 1,000 SF of unused FAR for future expansion.
    • Excellent location, walking distance to 3 Metro stations (Red, Green, Yellow lines).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Washington
    County
    District Of Columbia
    State
    District of Columbia
    Longitude
    -77.009026312652
    Latitude
    38.912915951898

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    FAQs

    What type of property is this?
    Individual retail property - Prime DC location, high ROI potential.
    Where is this individual retail property located?
    The property is located at 1707 Capitol St Washington, DC.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: Mixed-use building at 1700 block of N. Capitol St NE, featuring street-level office/retail and two upper apartments.; Ideal owner-user opportunity; lease out remaining space for rental income (residential or convertible to commercial).; High visibility; frontage on N. Capitol St and Lincoln Rd NE.
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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
    1707 Capitol St Washington, DC 20002
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