Another term for "DC offset" is "DC component". If the sinewave swings just as much above zero volts as it does below zero volts, then it has no DC component (or DC offset). It's purely AC. But, if the magnitude of the sum of the positive portion of the wave is different than the magnitude of the sum of the negative portion (i.e. take the "average" of the waves instantaneous levels over one cycle), then the wave is "AC with a DC component" or "AC with a DC offset".
This occurs when a DC voltage is added to an AC voltage.
BUT, the "average" spoken of , above, is the _algebraic average_. The the _average value_ that you asked about, is different. That is the average of the _absolute value_ of the instantaneous levels over one cycle. For a sinewave it's 0.637 times the _peak value_.
This explains it very well:
http://www.allaboutcircuits.com/vol_2/chpt_1/3.html