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    Downtown Office and Retail Space Title is generated by Realmo AI

    13-13 S 13th St, Richmond, VA

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    Renovated Class A office and retail space in downtown Richmond.

    Type:OFFICE
    Property size:
    30,000 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $180/SF
    Added:
    May 3, 2025
    Days on Market:
    406
    Last Refresh:
    May 19 at 10:17 pm

    Property Features for 13-13 S 13th St

    General Information

    Standard status
    Active
    Size
    30,000 SF
    Lot size
    0.14 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 13-13 S 13th St Contact us

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    Listing Contact
    Tom Rosman
    Tom Rosman

    Listing agent Tom Rosman License #0225030879

    Listing office One South Commercial

    Listing date May 3, 2025

    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 One South Commercial

    HighLights

    • Prime downtown location
    • Completely renovated and impeccably maintained
    • Class A office and retail space
    • Investment or owner occupant opportunity
    • B‑4 zoning

    Overview

    This property offers an investment or owner-occupant opportunity, featuring completely renovated and impeccably maintained Class A office and retail space. It is located in a prime downtown location and is zoned B-4. The property has a size of 30000 square feet.

    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 $637.2k $21.24
    − Vacancy −$99.4k −$3.31
    EGI $537.8k $17.93
    − OpEx −$134.4k −$4.48
    NOI $403.3k $13.44
    30,000 SF · lease $21.24/SF/yr · vacancy 15.60% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $5.76M
    $5.04M – $6.72M (±1% cap)
    NOI $403,348 @ 7.0% cap · market cap 7.47%
    Second Best
    Retail
    $4.68M
    $4.09M – $5.46M (±1% cap)
    NOI $327,424 @ 7.0% cap · market cap 6.06%
    Theoretical Best
    Office A
    $6.93M
    $6.06M – $8.09M (±1% cap)
    NOI $485,171 @ 7.0% cap · market cap 8.98%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.4445
    Latitude
    37.5199

    FAQs

    What type of property is this?
    Office units - Renovated Class A office and retail space in downtown Richmond.
    Where is this office units located?
    The property is located at 13-13 S 13th St Richmond, VA.
    What is the asking price?
    The asking price for this property is $5,400,000.
    What are key features of this property?
    This property features: Prime downtown location; Completely renovated and impeccably maintained; Class A office and retail space
    (804) 353-0009 Call to check price and availability
    More about this property
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