4721 Sheriff RdWashington, DC 20019

Property Details for 4721 Sheriff Rd

Year built

1924

Construction

BRICK

Lot size

0.08 AC

Property size (Sq ft)

2,610 SF

Zone code

MU-3A

Property type

Retail space

APN

5151 0144

APU

51510144

Description

This exceptional mixed-use investment opportunity comprises two contiguous buildings totaling 6,373 square feet situated on three separate lots (APN: 5151-0000-0144, 5151-0000-0145, 5151-0000-0146) in Washington, D.C.'s Deanwood neighborhood (20019). The property, built in 1924 and featuring two stories, benefits from MU-3A zoning, allowing for a wide range of uses. One building offers 2,610 square feet of retail space, while the other, a corner building, encompasses 3,763 square feet, including a retail unit and a second-level space suitable for multifamily or office use. The property boasts approximately $1.7 million in recent capital improvements (2017-2019), including new HVAC, mechanical systems, drywall, and a security system. Significant renovations were completed between 2017 and 2019. The property includes on-site parking for two vehicles. Currently, the occupancy rate is 39%, with one retail unit leased until April 30, 2024. This offering presents a unique chance to acquire a prime mixed-use property in Opportunity and HUB Zones, less than a mile from Deanwood and Minnesota Avenue Metro stations. The asking price is $1,500,000, translating to $235.37 per square foot. The lot size is 6,135 square feet. The property is offered for sale as a whole or individually. Lease options include two two-month extensions.

• CAP approach

  CAP return

  Valuation

  6%

  $620,103

  6.5%

  $572,403

  7%

  $531,517

• Comparable approach

  Method

  Valuation

  Relative Method

  $384,214

  Geo Method

  $1,098,458

• Alternative Use

  Use

  Valuation

  Residential

  $482,843

  Hospitality

  $442,282

  Educational

  $367,973

  Medical

  $380,629

  Retail

  $572,403

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9026

Longitude

-76.9349

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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