1918 18Th StWashington, DC 20009

For Lease
$2.71/SF/YR View listing
  • Office properties
  • 1,707 SF

Property Details for 1918 18Th St

Construction
BRICK
Lot size
0.01 AC
Property size (Sq ft)
1,707 SF
Zone code
MU4
Property type
Office properties
APN
0131 2116
APU
1312116

Description

This exceptional executive office suite, totaling 3,612 square feet, is available for lease in a vibrant District of Columbia location. The space is currently vacant and offers flexible configurations, with a minimum divisible space of 1,806 square feet and a maximum contiguous space of 1,806 square feet. Built in 1906 and situated on a 0.01-acre lot, the property boasts a sleek, modern design with ample natural light, high ceilings, and stylish finishes including hardwood floors and chic modern lighting. The layout features spacious workrooms, private offices, a fully equipped kitchenette, two updated bathrooms (one full with a shower), dedicated printer/scanner areas, and open common spaces with clever storage solutions. The property is zoned MU-4/DC and its APN is 0131//2118. Its prime location at 18th Street and Florida Avenue NW places it at the convergence of Adams Morgan, Dupont Circle, and the U Street Corridor, offering unparalleled access to a diverse array of restaurants, cafes, bars, and businesses, along with high foot traffic. Convenient public transportation is readily available, with Metro buses on 18th Street and nearby Metro stations (0.7 miles to Dupont and U Street/Cardozo). This is a truly exceptional opportunity to secure a sophisticated and well-located office space in a thriving urban environment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $441,140
    6.5%
    $407,206
    7%
    $378,120
  • Comparable approach

    Method
    Valuation
    Relative Method
    $285,086
    Geo Method
    $285,086
  • Alternative Use

    Use
    Valuation
    Residential
    $504,936
    Hospitality
    $462,519
    Educational
    $384,810
    Medical
    $398,044
    Retail
    $598,594
1918 18Th St, Washington, District of Columbia

Location Insight

City
Washington
County
District Of Columbia
State
DC
Latitude
38.9162
Longitude
-77.042
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,261
$182,950
$498,980
$681,930
-
$182,950
$498,980
$681,930

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