Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1647 Benning Rd NE Washington, DC 20002

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1647 Benning Rd NE Washington, DC 20002

    View on Map
    • Medical Office Space
    • 18,197 SF
    For Lease
    View Listing →
    Medical Office Suites For Lease For Lease
    Contact for pricing

    Medical Office Suites For Lease

    Medical office suites available in Greater Northeast Medical Building.

    1647 Benning Rd NE, Washington, DC 20002
    View Listing
    Property ID
    US16-0143530
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 1647 Benning Rd NE

    Year built
    1981
    Property size
    18,197 SF
    Property type
    Medical Office Space

    Description

    This exceptional medical office building in Washington, DC, presents a rare opportunity to lease highly desirable space. Located at 1647 Benning Rd NE, 20002, this Class C building, constructed in 1981, offers a total of 18,197 square feet. Currently, there are multiple suites available, ranging from 910 to 1,137 contiguous square feet, with a total of 1,986 square feet currently vacant. The building features convenient amenities including 38 parking spaces and elevator access. One available suite, located on the second floor (Suite 206), is a fully built-out dental suite, ready for immediate occupancy. Additional suites are available on the third floor (Suites 301 and 303). The building's location offers excellent accessibility, situated just off the H Street Bus Line, ensuring convenient transportation for both patients and staff. The minimum divisible space is 910 square feet, providing flexibility for various medical practices. This property is ideal for medical professionals seeking a well-maintained space in a thriving Northeast DC neighborhood. The building's ample parking and convenient location make it an attractive option for those seeking a comfortable and accessible workspace.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    District of Columbia
    Longitude
    -76.9798781
    Latitude
    38.8992248

    Comparable in this City

    • Contact for pricing

      Medical Office Suites For Lease

      Medical office suites available in Greater Northeast Medical Building.
      1647 Benning Rd NE, Washington, DC 20002
      View Details
    • Contact for pricing
      1,575 SF

      Prime Office Space in Penn

      Office space in vibrant Penn Quarter, near Metro Center.
      915 F St NW, Washington, DC 20002
      View Details
    • Contact for pricing
      9,172 SF

      Office Space in Central Business District

      Office space for rent in a renovated building.
      1919 M St NW, Washington, DC 20002
      View Details
    • $4,000 /Mo

      Modern Office Space Near RFK

      Renovated office space near RFK Stadium Campus redevelopment.
      2417 Benning Rd Ne, Washington, DC 20002
      View Details
    • Contact for pricing
      663 SF

      Flexible Office Suites Available

      Office suites for lease with flexible terms and amenities.
      4910 Massachusetts Ave NW, Washington, DC 20002
      View Details

    Similar Nearby for Sale

    • $1,280,000

      Prime Retail Space For Sale

      Street-level retail space in evolving DC neighborhood with flexible layout.
      1425 H St Ne, Washington, DC 20002
      View Details
    • Contact for pricing
      2,343 SF

      Mixed-Use Property For Sale

      Mixed-use property featuring retail, office, and residential spaces.
      1924 Benning Rd NE, Washington, DC 20002
      View Details
    • $6,200,000

      Historic Capitol Hill Office Building

      Restored 7,500 SF office building near Union Station.
      512 C St NE, Washington, DC 20002
      View Details
    • $1,550,000
      0.03 Acres

      Renovated Commercial Building on H Street

      Two-unit commercial building in the heart of H Street Corridor.
      521 H St NE, Washington, DC 20002
      View Details
    • $699,900

      Benning Road Commercial Investment Opportunity

      Storefront property on Benning Road, NE Washington, DC.
      2403 Benning Rd Ne, Washington, DC 20002
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Suites For Lease

      Medical office suites available in Greater Northeast Medical Building.
      1647 Benning Rd NE, Washington, DC 20002
      View Details
    • Contact for pricing
      1,575 SF

      Prime Office Space in Penn

      Office space in vibrant Penn Quarter, near Metro Center.
      915 F St NW, Washington, DC 20002
      View Details
    • Contact for pricing
      9,172 SF

      Office Space in Central Business District

      Office space for rent in a renovated building.
      1919 M St NW, Washington, DC 20002
      View Details
    • $4,000 /Mo

      Modern Office Space Near RFK

      Renovated office space near RFK Stadium Campus redevelopment.
      2417 Benning Rd Ne, Washington, DC 20002
      View Details
    • Contact for pricing
      663 SF

      Flexible Office Suites Available

      Office suites for lease with flexible terms and amenities.
      4910 Massachusetts Ave NW, Washington, DC 20002
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1647 Benning Rd NE
    Washington, DC 20002
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!