Capitol Hill Mixed-Use
729 8th St SE, Washington, DC 20003
Three-story mixed-use building in Barracks Row on Capitol Hill.
Type:Mixed Use, Office, Retail, Special Purpose
Property size:
6,880 SFLot size:
0.16 AcresPrice / SF:
$465/SF- Added:
- Mar 4, 2024
- Days on Market:
- 829
- Last Refresh:
- May 12 at 11:02 pm
Property Features for 729 8th St SE
General Information
- Standard status
- Active
- Size
- 6,880 SF
- Lot size
- 0.16 Acres
- Property subtype
- Mixed Use, Office, Retail, Special Purpose
Building Details
- Year Built
- 1912
Listing agent Chuck Burger License #SP89849
Listing office Coldwell Banker Realty
Listing date Mar 4, 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 Coldwell Banker Realty
HighLights
- Mixed‑use building with retail and residential potential in the heart of Capitol Hill's Barracks Row.
- Located at a major transportation hub next to Eastern Market METRO, offering excellent accessibility.
- Flexible floorplan allows for multiple commercial rentals and two residential apartments.
- Retail level build‑out suitable for dental, medical, or health practice.
- Includes a parking area in the rear of the property.
- Situated in a government‑funded Main Street program known for economic development and a vibrant mix of businesses.
Overview
Located in the commercial corridor of Barracks Row on Capitol Hill, 729 8th St S.E. is a three-story, mixed-use building. The building was reportedly built in 1930, and most recently renovated and redeveloped in 1981 with additional upgrades. The property has been under professional management and maintenance. The retail level is built out for dental, medical, or health practices and is located at a major transportation hub. The layout is suitable for legal and lobby offices. The flexible usage and floor plan allow for potential rental of three commercial spaces and two apartments. The building has 6400 finished square feet and sits on a 6,880 square foot lot with a parking area in the rear. The first floor at retail level contains 1450 square feet with a connecting 1550 square foot finished lower floor with a separate alley entrance. The upper floors are connected with a separate external staircase. The second floor contains two commercial offices of 600 and 800 square feet, respectively. The third floor contains two residential units of 800 and 600 square feet, respectively. The property is centrally located next to the Eastern Market METRO, Pennsylvania Ave, US Marine Barracks, and the Historic Eastern Market. Barracks Row Main Street is recognized as one of the best Main Street programs in the U.S. with a blend of restaurants, shops, offices, and stores. The location serves as a major transportation hub for Metro and has convenient highway access to Virginia and Metro. It is an active and vibrant weekday destination for DC workers and a popular weekend destination for visitors and tourists.
Local Financial Insights For Office B
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 | $346.8k | $50.40 |
| − Vacancy | −$55.5k | −$8.06 |
| EGI | $291.3k | $42.34 |
| − OpEx | −$72.8k | −$10.58 |
| NOI | $218.5k | $31.75 |
6,880 SF · lease $50.40/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.12M
$2.73M – $3.64M
NOI $218,454 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$1.63M
$1.43M – $1.91M
NOI $114,315 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$3.54M
$3.10M – $4.13M
NOI $247,720 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Daniel Nicholas E ...
Dental Office
Washington Dental Health ...
Dental Office
Dr. Phillip S. ...
Dental Office
Anacostia Riverkeeper
Charitable Organization
Alliance for the Chesapeake Bay ...
Charitable Organization
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District of Columbia
- State
- District of Columbia
- Longitude
- -76.9952895
- Latitude
- 38.8802282
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Three-story mixed-use building in Barracks Row on Capitol Hill.
Where is this mixed-use property located?
The property is located at 729 8th St SE Washington, DC.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Mixed‑use building with retail and residential potential in the heart of Capitol Hill's Barracks Row.; Located at a major transportation hub next to Eastern Market METRO, offering excellent accessibility.; Flexible floorplan allows for multiple commercial rentals and two residential apartments.
