Boutique Office Building For
For Sale
Contact for pricing
1717 N St NW, Washington, DC 20036
Fully occupied, four-level office property in a dynamic D.C. neighborhood.
Property Size4,666 SF
Price / SF$664.38
Days on Market543
Property Features for 1717 N St NW
General Information
Standard status
Active
Size
4,666 SF
Property subtype
Office
Zoning
MU-1/DC
Occupancy
100%
Building Details
Year Built
1900
Buildings
1
Stories
4
Listing Agency:
Feldman Ruel
Listed By:
Ryan Smith · License #DC SP98374805
Source:
Crexi
Added: Feb 25, 2025
Changed: Aug 17
Last Checked: Aug 21 at 2:17PM
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.
This is a fully-occupied, four-level, boutique office property totaling approximately 4,666 square feet. The property's MU-1/DC zoning classification permits a wide range of uses including retail, office, and residential. The property will be delivered fully occupied upon sale. One of the three office suites is occupied by the owner, who is prepared to sign a six-to-12-month lease upon sale. Additionally, the shared conference room on the first level could be converted to another office space for an owner-occupant or tenant for additional revenue. Located only a few blocks from the Dupont Circle, Farragut North, and Farragut West Metro stations and surrounded by retailers, restaurants, hotels, and other neighborhood amenities, this property provides an excellent opportunity to acquire a stabilized office property in one of Washington, D.C.’s most dynamic neighborhoods.
Key Highlights
- Prime location near Dupont Circle, Farragut North, and Farragut West Metro stations.
- Fully occupied, four‑level boutique office property totaling approximately 4,666 square feet.
- MU‑1/DC zoning permits a wide range of uses including retail, office, and residential.
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
$148,155
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
4.78%
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%
$2,963,100
$3.0M
Cap Rate 7%
$2,116,500
$2.1M
Cap Rate 9%
$1,646,167
$1.6M
Market Conditions
NOI Build-Up for 4,666 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
$235.2K $50.40/SF
− Vacancy
−$37.6K −$8.06/SF
EGI
$197.5K $42.34/SF
− OpEx
−$49.4K −$10.58/SF
NOI
$148.2K $31.75/SF
Area
Washington, DC
Vacancy
16.00%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
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%
$2,963,100
Cap Rate 7%
$2,116,500
Cap Rate 9%
$1,646,167
Alternative Uses
Best Use
Office B
$2.12M
$1.85M – $2.47M
NOI $148,155 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,003 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
27,523
Businesses Nearby
Explore this area
Business Placement
Demographics for 20036, DC
6,109
Population
4,383
Households
1.4
Avg Household Size
33
Median Age
95%
College-Educated
100%
High-School Grad
0.3 sq mi
ZIP Area
20,363
Density / Sq Mi
$105,800
Median Household Income
$98,527
Median Earnings
$2,301
Median Rent
$442,400
Median Home Value
Market
Vacancy Rate% for Office in Washington, DC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Fully occupied, four-level office property in a dynamic D.C. neighborhood.
Where is this office building located?
The property is located at 1717 N St NW Washington, DC.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Prime location near Dupont Circle, Farragut North, and Farragut West Metro stations.; Fully occupied, four‑level boutique office property totaling approximately 4,666 square feet.; MU‑1/DC zoning permits a wide range of uses including retail, office, and residential.
