Adaptable Commercial Space For Sale

306 Gilmer St, Richmond, VA

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For Sale

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4,500 SF adaptable space in Richmond's Central Business District.

Type:INDUSTRIAL

Property size:

4,500 SF

Lot size:

0.10 Acres

Price / SF:

$198/SF

HighLights

B‑4 Central Business District zoning allows for diverse uses
Adaptable 4,500 square feet of space
High ceilings (14 feet sloping to 12 feet) offer flexible design options
Two roll‑up doors for easy loading and unloading
Suitable for retail and boutique storefronts
Ideal for creative office or co‑working space

We can help!

Listing Contact

Justin Sledd

For Sale

Contact for pricing

4,500 SF adaptable space in Richmond's Central Business District.

Type:INDUSTRIAL

Property size:

4,500 SF

Lot size:

0.10 Acres

Price / SF:

$198/SF

Added:: May 5, 2025
Days on Market:: 406
Last Refresh:: May 19 at 8:27 pm

Property Features for 306 Gilmer St

General Information

Standard status: Active
Size: 4,500 SF
Lot size: 0.10 Acres
Property subtype: INDUSTRIAL

We can help!

Listing Contact

Justin Sledd

Listing agent Justin Sledd License #0225191850

Listing office One South Commercial

Listing date May 5, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of One South Commercial

HighLights

B‑4 Central Business District zoning allows for diverse uses
Adaptable 4,500 square feet of space
High ceilings (14 feet sloping to 12 feet) offer flexible design options
Two roll‑up doors for easy loading and unloading
Suitable for retail and boutique storefronts
Ideal for creative office or co‑working space

Overview

This property features 4,500 square feet of adaptable space. The ceiling height is 14 feet on the south side, sloping to 12 feet on the north side. Two roll-up doors facilitate easy loading and unloading. The zoning is designated as B-4 Central Business District, permitting a diverse range of uses including retail and boutique storefronts, creative office or co-working space, breweries, cafés, and restaurants, art galleries, studios, and maker spaces, and residential or mixed-use redevelopment.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$95.6k	$21.24
− Vacancy	−$14.9k	−$3.31
EGI	$80.7k	$17.93
− OpEx	−$20.2k	−$4.48
NOI	$60.5k	$13.44

4,500 SF · lease $21.24/SF/yr · vacancy 15.60% · expense 25.00%

Alternative Uses

Best Use

Office B

$864.3K

$756.3K – $1.01M (±1% cap)

NOI $60,502 @ 7.0% cap · market cap 6.76%

Second Best

Retail

$701.6K

$613.9K – $818.6K (±1% cap)

NOI $49,114 @ 7.0% cap · market cap 5.49%

Theoretical Best

Office A

$1.04M

$909.7K – $1.21M (±1% cap)

NOI $72,776 @ 7.0% cap · market cap 8.13%

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

Property Profile Location Intelligence

Current Use by Public Records

Richmond Glass And More Hardware & Home Improvement

Suggested Use

Similar Places Nearby

Butler’s Unique Catering — 10 E Franklin St, Richmond, VA 23219
Uncle Reggie's Catering — 114 E Clay St, Richmond, VA 23219
Shareen's Cuisine — 1, E Main St, Richmond, VA 20171
3 Bees BCU LLC — 520 W Franklin St, Richmond, VA 23220
Christieslunchbox.Com — 408 Brook Rd, Richmond, VA 23220

Location Insight

Map
Local Demand

City: Richmond
County: Richmond City
State: Virginia
Longitude: -77.4484
Latitude: 37.5501

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For sale
Flex space
VA
Richmond
306 Gilmer St

What type of property is this?

Flex space - 4,500 SF adaptable space in Richmond's Central Business District.

Where is this flex space located?

The property is located at 306 Gilmer St Richmond, VA.

What is the asking price?

The asking price for this property is $895,000.

What are key features of this property?

This property features: B‑4 Central Business District zoning allows for diverse uses; Adaptable 4,500 square feet of space; High ceilings (14 feet sloping to 12 feet) offer flexible design options

306 Gilmer St, Richmond, VA

4,500 SF adaptable space in Richmond's Central Business District.

Property Features for 306 Gilmer St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Richmond Automotive Service Property

Richmond Industrial Cold-Storage Facility

Richmond Multifamily Investment Opportunity

Colonial Multifamily with Courtyard

Turnkey Multifamily with Heat Pumps

Historic Duplex With Two 4BR Units

New Construction Multifamily in Richmond

Richmond Duplex Near McGuire Center

Richmond Duplex: Leased Investment Opportunity

Two-Story Duplex on Corner Lot

Renovated Duplex in Richmond

Corner Commercial Building in Richmond

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