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    101 Cowardin Ave Richmond, VA 23224

    Sponsored
    For Sale
    $3,750,000

    1.55 Acres, 37K SF, $3.75M

    Property size:
    36,983 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional 36,983 square foot medical office building presents a rare opportunity in the thriving Richmond, VA market. Situated on a generous 1.55-acre lot at 101 Cowardin Avenue, this property offers significant potential for expansion or redevelopment. The building's substantial size allows for a variety of uses, making it ideal for a large medical practice, a multi-tenant facility, or a combination thereof. Its prime location in Richmond ensures high visibility and easy access for patients and staff. The property's substantial size and desirable location make it a compelling investment opportunity for those seeking a strong foothold in the Richmond commercial real estate market. The asking price of $3,750,000 reflects the building's size, location, and potential. Serious inquiries are encouraged to explore the possibilities this property offers. Detailed financial information and property specifications are available upon request. This is a unique chance to acquire a significant commercial property in a dynamic and growing city. Don't miss this opportunity to own a piece of Richmond's thriving medical sector. The property is ready for immediate occupancy or can be customized to meet specific needs. Further information regarding zoning and permitted uses can be provided.

    Property Features for 101 Cowardin Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    36,983 SF
    Lot Size
    67,518 SF

    Building Details

    Year Built
    2005
    Property Profile Location Intelligence

    Current Use by Public Records

    Franklin C. Ognelodh, ... Podiatrist Capital Area Health ... Non-Profit Organization Bon Secours Sports ... Family Practice Physician Manchester RVA Dental Dental Clinic CAHN Southside Medical ... Community Health Centre

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.44897
    Latitude
    37.51964

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    FAQs

    What type of property is this?
    Commercial real estate - 1.55 Acres, 37K SF, $3.75M
    Where is this commercial real estate located?
    The property is located at 101 Cowardin Ave Richmond, VA.
    What is the asking price?
    The asking price for this property is $3,750,000.
    (804) 775-2000
    Request Owner's contact information
    101 Cowardin Ave Richmond, VA 23224
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    Richmond, VA 23224
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    Realmo Value Estimation

    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.

    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.

    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
    101 Cowardin Ave Richmond, VA 23224
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