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    4406 Georgia Ave NW Washington, DC 20011
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    4406 Georgia Ave NW Washington, DC 20011

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    • Office Units
    For Lease
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    Petworth Office/Retail Space Available For Lease
    Contact for pricing
    6,000 SF

    Petworth Office/Retail Space Available

    Spacious office or retail space in Petworth, near metro.

    4406 Georgia Ave NW, Washington, DC 20011
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    Property ID
    US16-0039920
    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

    • Office Units

    Property Details for 4406 Georgia Ave NW

    Year built
    1958
    Property type
    Office Units
    Property subtype
    Retail space

    Description

    4406 Georgia Ave NW is a represents a prime opportunity for those seeking to lease office or retail space in the bustling area of Petworth. With 6,000 square feet available on each floor, this spacious property offers ample room to accommodate various business needs. There is a dedicated parking garage attached to the building with additional parking in the rear. Flexible MU-4 zoning allowing for a variety of uses by-right. The property's prominent location on Georgia Ave also provides an excellent signage opportunity. 4406 Georgia Ave NW is situated in a prime location, with high visibility on Georgia Ave in the Petworth submarket of Northwest DC and is conveniently located just half a mile from the metro station.

    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
    DC
    Longitude
    -77.0265332
    Latitude
    38.9443763

    Comparable in this City

    • Contact for pricing

      Corner Commercial Building for Lease

      Commercial building for lease with prominent visibility on Georgia Ave.
      4300-4304 Georgia Ave NW, Washington, DC 20011
      View Details
    • $30 SF/Yr
      2,152 SF

      Versatile Retail/Office Space Available

      2,399 sq ft retail/office space in prime location.
      4129 9Th St NW, Washington, DC 20011
      View Details
    • Contact for pricing
      1,058 SF

      Kennedy Street Office Space Available

      Office space for rent in a dynamic neighborhood.
      732 Kennedy St NW, Washington, DC 20011
      View Details
    • $4,000 /Mo
      1,760 SF

      Upshur Street Office Space Available

      Modern office space near Petworth Metro available for lease.
      843 Upshur St NW, Washington, DC 20011
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,086 SF

      Mixed-Use Property with Parking

      Mixed-use property with on-site parking and flexible zoning.
      5001 New Hampshire Ave NW, Washington, DC 20011
      View Details
    • Contact for pricing
      2,300 SF

      Petworth Mixed-Use Building For Sale

      Prime mixed-use building in the heart of Petworth neighborhood.
      1389 Quincy St NW, Washington, DC 20011
      View Details
    • $1,200,000

      Mixed-Use Property on Georgia Avenue

      Three-level mixed-use property with retail space and residential condo.
      5413 Georgia Ave Nw, Washington, DC 20011
      View Details
    • $1,100,000
      0.04 Acres

      Mixed-Use Building in Washington, DC

      Three-unit building featuring commercial and residential spaces for sale.
      6208 Georgia Ave NW, Washington, DC 20011
      View Details
    • $1,075,000

      Petworth Mixed-Use Redevelopment Opportunity

      MU-4 zoned property with redevelopment and mixed-use potential.
      818 Upshur St Nw, Washington, DC 20011
      View Details
    • $599,000

      Mixed-Use Property on Upshur Street

      Versatile mixed-use asset with residential and commercial units.
      222 Upshur St Nw, Washington, DC 20011
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Corner Commercial Building for Lease

      Commercial building for lease with prominent visibility on Georgia Ave.
      4300-4304 Georgia Ave NW, Washington, DC 20011
      View Details
    • $30 SF/Yr
      2,152 SF

      Versatile Retail/Office Space Available

      2,399 sq ft retail/office space in prime location.
      4129 9Th St NW, Washington, DC 20011
      View Details
    • $4,000 /Mo

      Modern Office Space Near Metro

      Modern office space with natural light, near Petworth Metro.
      843 Upshur St Nw, Washington, DC 20011
      View Details
    • Contact for pricing

      Prime Retail Space on Georgia

      Renovated retail space with high visibility on Georgia Avenue.
      5413 Georgia Ave NW, Washington, DC 20011
      View Details
    View Listing
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    4406 Georgia Ave NW
    Washington, DC 20011
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    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
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