Prime Retail Space For
For Sale
Contact for pricing
Pending
3619 Georgia Ave NW, Washington, DC 20010
1,658 Sqft retail space in a brand new building.
Property Size1,658 SF
Days on Market725
Property Features for 3619 Georgia Ave NW
General Information
Standard status
Pending
Size
1,658 SF
Property subtype
Retail
Building Details
Year Built
2022
Listing Agency:
EXP Realty DC
Listed By:
Serif Soydan, Ph.D. · License #SP200205344
Source:
Crexi
Added: Aug 5, 2024
Changed: Jul 10
Last Checked: Jul 30 at 10:06AM
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 EXP Realty DC
Investment Insights
Based on property information with market context.
This 1,658 Sqft retail space is located in Washington, DC, offering maximum visibility with expansive floor-to-ceiling windows along a bustling retail corridor. The property benefits from frontage on Georgia Ave NW, with significant foot and vehicle traffic. Situated in a vibrant community with approximately 75,000 residents within a 1-mile radius, this location is near national retailers such as Marshalls, Target, CVS, Best Buy, Safeway, and Giant. The property is one block from the Petworth METRO. The retail space offers flexibility for various retail concepts. The property is in a brand new building and is suitable for retail use.
Key Highlights
- High‑traffic location on Georgia Ave NW with exceptional foot and vehicle traffic.
- One block from Petworth METRO station, providing excellent accessibility.
- Close proximity to national retailers (Marshalls, Target, CVS, Best Buy, Safeway, Giant) generating significant foot traffic.
Financial Insights For Retail
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 | $39.8k | $24.00 |
| − Vacancy | −$1.8k | −$1.08 |
| EGI | $38.0k | $22.92 |
| − OpEx | −$11.4k | −$6.88 |
| NOI | $26.6k | $16.04 |
1,658 SF · lease $24.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$380.0K
$332.5K – $443.4K
NOI $26,601 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$852.8K
$746.2K – $995.0K
NOI $59,698 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,917
Businesses Nearby
116k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Groceries 39%
Home Improvements & Furnishings 7%
Dining 3%
Giant
Groceries
45,769 visits/mo
0.5 miles
Exxon
Shops & Services
13,952 visits/mo
0.4 miles
Exxon
Shops & Services
8,172 visits/mo
0.4 miles
BP
Shops & Services
8,046 visits/mo
0.2 miles
Petworth Ace Hardware
Home Improvements & Furnishings
7,747 visits/mo
0.4 miles
Demographics for 20010, DC
32,663
Population
15,917
Households
2.1
Avg Household Size
33
Median Age
67%
College-Educated
87%
High-School Grad
1.0 sq mi
ZIP Area
32,663
Density / Sq Mi
$110,260
Median Household Income
$81,834
Median Earnings
$1,815
Median Rent
$868,400
Median Home Value
Market
Vacancy Rate% for Retail in Washington, DC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 1,658 Sqft retail space in a brand new building.
Where is this retail space located?
The property is located at 3619 Georgia Ave NW Washington, DC.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: High‑traffic location on Georgia Ave NW with exceptional foot and vehicle traffic.; One block from Petworth METRO station, providing excellent accessibility.; Close proximity to national retailers (Marshalls, Target, CVS, Best Buy, Safeway, Giant) generating significant foot traffic.
