Street-Level Commercial Co-op
For Sale
Contact for pricing
940 25th St NW, Washington, DC 20037
Commercial co-op unit near Washington Circle and Foggy Bottom–GWU Metro.
Property Size1,100 SF
Price / SF$340.91
Days on Market1527
Property Features for 940 25th St NW
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Office
Building Details
Year Built
1957
Year Renovated
2016
Buildings
1
Stories
1
Units
1
Listing Agency:
Feldman Ruel
Listed By:
Adam Costanzo · License #DC 200201410
Source:
Crexi
Added: Jul 7, 2022
Changed: Sep 8
Last Checked: Sep 10 at 6:57AM
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 Feldman Ruel
Investment Insights
Based on property information with market context.
A street-level commercial co-op unit is available for sale at 940 25th Street NW. The property is located near Washington Circle and two blocks west of the Foggy Bottom–GWU Metro station. The unit is currently built out as a dental practice. The property size is 1100 square feet. The offering includes exclusive rights to one onsite parking space. Up to five more parking spaces are available for purchase, allowing for a total of six parking spaces. This property presents an opportunity for an investor or owner-user to acquire a well-located commercial unit.
Key Highlights
- Prime location near Washington Circle and Foggy Bottom–GWU Metro station
- Commercial co‑op unit suitable for investor or owner‑user
- Currently built out as a dental practice
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
$20,402
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
5.44%
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%
$408,040
$408.0K
Cap Rate 7%
$291,457
$291.5K
Cap Rate 9%
$226,689
$226.7K
Market Conditions
NOI Build-Up for 1,100 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
$37.0K $33.60/SF
− Vacancy
−$3.0K −$2.69/SF
EGI
$34.0K $30.91/SF
− OpEx
−$13.6K −$12.36/SF
NOI
$20.4K $18.55/SF
Area
Washington, DC
Vacancy
8.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
40.00%
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%
$408,040
Cap Rate 7%
$291,457
Cap Rate 9%
$226,689
Alternative Uses
Best Use
Office B
$499.0K
$436.6K – $582.1K
NOI $34,927 @ 7.0% cap · market cap 9.31%
Second Best
Healthcare Medical
$291.5K
$255.0K – $340.0K
NOI $20,402 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$565.8K
$495.1K – $660.1K
NOI $39,606 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
12,490
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20037, DC
14,945
Population
8,828
Households
1.7
Avg Household Size
29
Median Age
90%
College-Educated
99%
High-School Grad
0.7 sq mi
ZIP Area
21,350
Density / Sq Mi
$98,917
Median Household Income
$69,480
Median Earnings
$2,420
Median Rent
$743,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Washington, DC
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Similar Off Market Nearby
- Veterinary Emergency Group — 2311 M St NW, Washington, DC 20037
- InVictaVets — 1730 M St NW #7, Washington, DC 20036
- Georgetown Veterinary Hospital — 3251 Prospect St NW Unit 100, Courtyard, Washington, DC 20007
- Home Care for Animals — 1250 Connecticut Ave NW STE 200, Washington, DC 20036
- Dupont Veterinary Clinic — 2022 P St NW, Washington, DC 20036
Frequently Asked Questions
What type of property is this?
Medical Office Space - Commercial co-op unit near Washington Circle and Foggy Bottom–GWU Metro.
Where is this medical office space located?
The property is located at 940 25th St NW Washington, DC.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Prime location near Washington Circle and Foggy Bottom–GWU Metro station; Commercial co‑op unit suitable for investor or owner‑user; Currently built out as a dental practice
