Street Retail
For Sale
Contact for pricing
1220 North 25th Street, Richmond, VA 23223
For-sale retail storefront totaling 7,640 square feet at 1220 North 25th Street in Richmond, VA.
Property Size7,640 SF
Price / SF$198.74
Days on Market110
Property Features for 1220 North 25th Street
General Information
Standard status
Active
Size
7,640 SF
Property subtype
Retail
Lease Type
NNN
Building Details
Year Built
1989
Listing Agency:
Kin Properties Inc
Listed By:
David Roth · License #OH
(914) 610-5193
Source:
Crexi
Added: May 19
Changed: Sep 2
Last Checked: Sep 1 at 9:07PM
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 Kin Properties Inc
Investment Insights
Based on property information with market context.
For sale street retail storefront at 1220 North 25th Street in Richmond, VA 23223. The property is marketed as a retail opportunity and totals 7,640 square feet, offering space intended for retail operations.
Located in the Richmond area, the asset is positioned for street-level retail activity. The offering is presented for retail and street retail investors seeking a storefront property with substantial interior area for potential tenant use.
This is a retail space configuration designed to accommodate retail operations within its existing 7,640-square-foot footprint.
Located in the Richmond area, the asset is positioned for street-level retail activity. The offering is presented for retail and street retail investors seeking a storefront property with substantial interior area for potential tenant use.
This is a retail space configuration designed to accommodate retail operations within its existing 7,640-square-foot footprint.
Key Highlights
- For‑sale retail storefront at 1220 North 25th Street, Richmond, VA
- Total retail space: 7,640 SF
- Year built: 1989
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,384
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,667,680
$1.7M
Cap Rate 7%
$1,191,200
$1.2M
Cap Rate 9%
$926,489
$926.5K
Market Conditions
NOI Build-Up for 7,640 SF
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.
Gross rent
$130.2K $17.04/SF
− Vacancy
−$11.1K −$1.45/SF
EGI
$119.1K $15.59/SF
− OpEx
−$35.7K −$4.68/SF
NOI
$83.4K $10.91/SF
Area
Richmond, VA
Vacancy
8.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,667,680
Cap Rate 7%
$1,191,200
Cap Rate 9%
$926,489
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,384 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.77M
$1.54M – $2.06M
NOI $123,557 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
706
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23223, VA
51,960
Population
27,141
Households
1.9
Avg Household Size
35
Median Age
32%
College-Educated
90%
High-School Grad
16.7 sq mi
ZIP Area
3,111
Density / Sq Mi
$56,518
Median Household Income
$39,828
Median Earnings
$1,224
Median Rent
$236,300
Median Home Value
Market
Vacancy Rate% for Retail in Richmond, VA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - For-sale retail storefront totaling 7,640 square feet at 1220 North 25th Street in Richmond, VA.
Where is this storefront property located?
The property is located at 1220 North 25th Street Richmond, VA.
What is the asking price?
The asking price for this property is $1,518,371.
What are key features of this property?
This property features: For‑sale retail storefront at 1220 North 25th Street, Richmond, VA; Total retail space: 7,640 SF; Year built: 1989
