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    506-737 N 5Th St Richmond, VA 23224

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    For Lease
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    9,000 SF life science space in downtown Richmond.

    Property size:
    9,000 SF
    Lot size:
    2.64 Acres

    Property Features for 506-737 N 5Th St

    General Information

    Size
    9,000 SF
    Lot size
    2.64 Acres

    Source: JLL | Richmond Agent Jimmy Appich

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

    Overview

    Downtown Richmond Life Science Space

    Located in downtown Richmond, the Virginia Bio Technology Research Park is a 1.2 million square foot life sciences community adjacent to the Virginia Commonwealth University (VCU) Medical Center. The park houses private sector companies, research institutes, non-profits, and state and federal laboratories on a 34-acre campus. Home to more than 70 private and non-profit companies, state and federal laboratories, and research institutes, the park has over 2,400 researchers, scientists, engineers, and support personnel on-site. The available space is 9,000 square feet. Amenities within the tech park include admittance to all bio+tech park events, monthly food trucks, membership to Virginia Bio Association, and an enterprise zone incentive program. Parking is available, along with bike racks and an RVA bikeshare station. Discounted pricing with ARC3 gases is also available. The location is within walking distance to VCU, the capitol, and a number of hotels and restaurants.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.433887
    Latitude
    37.519946

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    FAQs

    What type of property is this?
    Office space - 9,000 SF life science space in downtown Richmond.
    Where is this office space located?
    The property is located at 506-737 N 5Th St Richmond, VA.
    What are key features of this property?
    This property features: - Premier life sciences community in the Virginia Bio Technology Research Park.; - Strategic location adjacent to VCU Medical Center and walking distance to amenities.; - Established hub with over 70 companies, labs, and research institutes.
    (804) 200-6415
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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

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    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.

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    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
    506-737 N 5Th St Richmond, VA 23224
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