831 Varnum St NE, Washington, DC 20017
Four-story, 18,616 SF building suitable for various uses.
- Added:
- Aug 20, 2024
- Days on Market:
- 686
- Last Refresh:
- Jul 4 at 10:41 am
Property Features for 831 Varnum St NE
General Information
- Standard status
- Active
- Size
- 18,616 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1917
Listing office NAI Michael (301) 918-2923
Listing date Aug 20, 2024
Source Crexi
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 NAI Michael
HighLights
- Move‑in ready condition with recent renovations and roof replacement.
- Ideal for student housing, group home, or religious house.
- Prime Washington DC location in the Brookland neighborhood, near Catholic University.
- Extensive amenities including a full commercial kitchen, group dining area with outdoor patio seating, and existing chapel.
- Elevator service, multiple common areas and libraries, and a full sprinkler system.
- Excess land for parking expansion and backup power generator.
Overview
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $625.5k | $33.60 |
| − Vacancy | −$50.0k | −$2.69 |
| EGI | $575.5k | $30.91 |
| − OpEx | −$230.2k | −$12.36 |
| NOI | $345.3k | $18.55 |
Alternative Uses
Current Use by Public Records
Map
- City
- Washington
- County
- District of Columbia
- State
- District of Columbia
- Longitude
- -76.9937415
- Latitude
- 38.941654