5111 Georgia Ave Washington, DC 20011
Retail space for sale or lease in Washington, DC.
Property Features for 5111 Georgia Ave
General Information
- Standard status
- Active
- Size
- 2,658 SF
- Property subtype
- Retail
Listing office Divaris Real Estate Inc DC Regional Office
Listing date Jun 5, 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 Divaris Real Estate Inc DC Regional Office
Investment Insights
Based on property information with market context.
Key Highlights
- Approved for daycare use, offering immediate business potential.
- MU‑4 zoning allows for diverse retail applications.
- Total of 2,658 sq ft of retail space (1,371 sq ft ground floor, 1,287 sq ft basement).
Local 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 | $90.3k | $33.96 |
| − Vacancy | −$4.1k | −$1.53 |
| EGI | $86.2k | $32.43 |
| − OpEx | −$25.9k | −$9.73 |
| NOI | $60.3k | $22.70 |
