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    108 S 1St St Richmond, VA 23224

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    For Lease
    $18 SF/Yr ($1,518 /Mo)

    Retail space available in a high-population, fast-growing Richmond area.

    Property size:
    1,012 SF
    Lot size:
    0.28 Acres

    Property Features for 108 S 1St St

    General Information

    Size
    1,012 SF
    Lot size
    0.28 Acres

    Source: Taylor Long Properties Agent Robert Marshall

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

    Overview

    Retail Space in Growing Area

    This retail space, totaling 2,348 square feet, is located within a multifamily project featuring four-star mid-rise apartments known as One Canal. Situated in the Monroe Ward submarket of Richmond, Virginia, the property benefits from its location within a 138-unit apartment complex, totaling 160,650 square feet. The space can be divided into two smaller units of 1,012 and 1,336 square feet, offering flexibility for various business needs. The area boasts a high population density, with approximately 25,000 residents within a one-mile radius. Additionally, the location benefits from a substantial daytime employee presence, with over 170,000 employees within a three-mile radius. The property experiences a traffic volume of 7,725 vehicles per day on E Canal Street.
    Insight Report Location Intelligence

    Current Use by Public Records

    One Canal Apartments Apartment Building BOB Architecture Architect

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.442518
    Latitude
    37.5438448

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    FAQs

    What type of property is this?
    Retail space - Retail space available in a high-population, fast-growing Richmond area.
    Where is this retail space located?
    The property is located at 108 S 1St St Richmond, VA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - High population density and daytime employee base (25,000 residents within 1 mile, 170,000+ employees within 3 miles); - Located within the One Canal 4-Star Mid-Rise Apartment complex (138 units, 160,650 SF total); - Divisible space offering flexibility (2,348 SF, can be separated into 1,012 & 1,336 SF units)
    (804) 437-4323
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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
    108 S 1St St Richmond, VA 23224
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