306 E Main St, Richmond, VA
Two-story brick building with finished basement and roof deck.
- Added:
- Jul 17, 2023
- Days on Market:
- 1066
- Last Refresh:
- May 20 at 8:12 pm
Property Features for 306 E Main St
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Lot size
- 0.13 Acres
- Property subtype
- OFFICE
Listing agent Andrew Brodie License #0225018992 (804) 759-5970
Listing office S.L. Nusbaum Realty Co - Corporate (804) 759-5970
Listing date Jul 17, 2023
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 S.L. Nusbaum Realty Co - Corporate
HighLights
- Located in enterprise zone
- Roof replaced in 2016 (20 year warranty)
- Two‑story painted brick building with a roof deck
- Finished basement
- Exposed brick and hard wood floors
- Perfect for creative office space
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $159.3k | $21.24 |
| − Vacancy | −$24.9k | −$3.31 |
| EGI | $134.4k | $17.93 |
| − OpEx | −$33.6k | −$4.48 |
| NOI | $100.8k | $13.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.4412
- Latitude
- 37.5413
