Corner Commercial Building in
1201 N 25th St Richmond, VA 23223
For Sale
$595,000
Pending
Single-story, open brick building zoned B2 for retail or office.
Property Size3,319 SF
Lot Size0.24 Acres
Days on Market95
Property Features for 1201 N 25th St
General Information
Standard status
Pending
Size
3,319 SF
Lot size
0.24 Acres
Property subtype
Commercial
Building Details
Year Built
1924
Listing Agency:
Haas Realty Group
(804) 349-5788
Listed By:
Susan Haas · License #0225083094
(804) 349-5788
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 5:56AM
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 Haas Realty Group
Investment Insights
Based on property information with market context.
This 3319 square foot, single-story corner commercial building features an open layout and brick construction. Zoned B2, the property is suitable for retail or office uses up to 5 stories. The interior includes a reception area, two bathrooms, and a large, open room with brick walls and large windows. Two bay doors provide access, making the space adaptable for various purposes. Additionally, there are two smaller rooms and a private, fenced rear yard. The building's location, one mile from VCU Dental School via the Martin Luther King Bridge, offers convenient access. A rooftop patio could further enhance the property's appeal. An adjacent 17-foot wide lot is also available for sale, potentially creating a combined area of 0.24 acres. Located in the transforming Church Hill North Commercial Corridor, the property benefits from its proximity to interstate access, the downtown business area, shopping, dining, and MCV/VCU. The area is becoming a vibrant, pedestrian-oriented community. The bike score is 21, indicating it is somewhat bikeable, the walk score is 31, indicating it is car-dependent, and the transit score is 34, indicating some transit options are available.
Key Highlights
- Zoned B2 for retail or office uses up to 5 stories, offering versatile development potential.
- 3319 SF single‑story, open brick building with large windows and 2 bay doors, suitable for multiple uses.
- Located in the transforming Church Hill North Commercial Corridor, convenient to interstate access, downtown, shopping, dining, and MCV/VCU.
Financial Insights For Retail
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 | $56.6k | $17.04 |
| − Vacancy | −$4.8k | −$1.45 |
| EGI | $51.7k | $15.59 |
| − OpEx | −$15.5k | −$4.68 |
| NOI | $36.2k | $10.91 |
3,319 SF · lease $17.04/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$517.5K
$452.8K – $603.7K
NOI $36,224 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$766.8K
$671.0K – $894.6K
NOI $53,676 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Single-story, open brick building zoned B2 for retail or office.
Where is this retail space located?
The property is located at 1201 N 25th St Richmond, VA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Zoned B2 for retail or office uses up to 5 stories, offering versatile development potential.; **3319 SF single‑story, open brick building with large windows and 2 bay doors, suitable for multiple uses.**; Located in the transforming Church Hill North Commercial Corridor, convenient to interstate access, downtown, shopping, dining, and MCV/VCU.
