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Property profile & analytics
OFF-MARKET Estimated value $47,970,000
Super regional malls

5300 Wisconsin NW Ave Washington, DC 20015-2013

386,528 SF 1.91 ac lot Built 1977
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US16-0147895
Property summary
AI-generated overview

Mazza Gallerie, a Washington, DC landmark, presents a unique retail opportunity. Originally opened in 1977, this five-story building boasts a rich history, having anchored Friendship Heights as a premier shopping destination. The property currently offers 9,200 square feet of immediately available retail space, representing a significant portion of the total 40,500 square feet. Minimum divisible space is 9,200 square feet, making this an ideal location for a single large tenant or a smaller tenant seeking a prominent space within a renowned development. The building's prime location at the crossroads of Northwest Washington, DC and Chevy Chase, Maryland, ensures high visibility and accessibility. While undergoing redevelopment by Tishman Speyer, the future Mazza Gallerie will feature a luxury residential building, 20,000 square feet of ground floor retail, 70,000 square feet of concourse retail, and a reconfigured parking garage with two floors dedicated to retail parking. This presents a chance to be part of a revitalized landmark, capitalizing on its established reputation and enhanced future amenities. The building's history includes notable anchor tenants such as Neiman Marcus and Raleigh's Haberdashery, solidifying its position as a significant retail hub.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1977
Construction TILT-UP CONCRETE
Total area 386,528 SF
Lot 1.91 ac (83,294 SF)
Zoning code MU-7B
APN 1660 0812
UPID US16-0147895
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$47.97M
Owner & transaction history
5300 Wisconsin Avenue Nw Owner LLC · 5 yrs held
5300 Wisconsin Avenue Nw Owner LLC
since 2021
Last sale
$52.0M
7 recorded transactions
2021
$52.0M
2019
Price N/A
2017
$78.0M
2013
Price N/A
2011
Price N/A
2011
Price N/A
2005
Price N/A
Zoning & alternative use
MU-7B · Washington, DC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $56.6M +188.5%
Restaurant $56.1M +185.8%
Commercial (general) $53.3M +171.8%
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