Fully Leased Mixed-Use
1600 BROOK RD Richmond, VA 23220
1600 BROOK RD, Richmond, VA, 23220
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For Sale
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Fully leased mixed-use building with ground-floor restaurant and retail, plus a second-floor walk-up office tenant.
Property Size6,620 SF
Price / SF$279.46
Days on Market82
Property Features for 1600 BROOK RD
General Information
- Standard status
- Active
- Size
- 6,620 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1900
Listing agency
Seven Hills Holdings
Listed by
Helen Blair · License #0000
Source
Crexi
Added: May 1 Updated: Jul 21 at 5:14AM Checked: Jul 21 at 5:14AM
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 Seven Hills Holdings
Investment Insights
Based on property information with market context.
Located at 1600 Brook Rd in Richmond, this 6,620-square-foot mixed-use commercial property is fully tenant occupied and 100% leased. The building features ground-level space anchored by a restaurant user and a retail user, with a second-floor walk-up Class A office tenant.
The property sits within the ChamberBrook corridor and is described as being in close walking proximity to Virginia Union University (VUU), Hovey Field, and the VCU Monroe Park campus. Additional nearby residential density includes over 1,200 apartment units, supporting consistent daily demand. The corridor serves as a connector between Downtown and Northside and is noted to be conveniently near I-95 and the Downtown corridor. The current tenancy is supported by long-term leases, creating stable occupancy across the diversified tenant mix.
The property sits within the ChamberBrook corridor and is described as being in close walking proximity to Virginia Union University (VUU), Hovey Field, and the VCU Monroe Park campus. Additional nearby residential density includes over 1,200 apartment units, supporting consistent daily demand. The corridor serves as a connector between Downtown and Northside and is noted to be conveniently near I-95 and the Downtown corridor. The current tenancy is supported by long-term leases, creating stable occupancy across the diversified tenant mix.
Key Highlights
- 6,620 SF mixed‑use commercial building built in 1900
- 100% leased and fully tenant occupied with long‑term leases and vetted tenants
- Ground floor includes restaurant and retail tenants, anchored by two active users
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 | $140.6k | $21.24 |
| − Vacancy | −$21.9k | −$3.31 |
| EGI | $118.7k | $17.93 |
| − OpEx | −$29.7k | −$4.48 |
| NOI | $89.0k | $13.44 |
6,620 SF · lease $21.24/SF/yr · vacancy 15.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.27M
$1.11M – $1.48M
NOI $89,005 @ 7.0% cap · market cap 4.81%
Second Best
Specialty Retail
$1.23M
$1.07M – $1.43M
NOI $85,885 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $107,061 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Smashed RVA
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Fully leased mixed-use building with ground-floor restaurant and retail, plus a second-floor walk-up office tenant.
Where is this mixed-use property located?
The property is located at 1600 BROOK RD Richmond, VA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 6,620 SF mixed‑use commercial building built in 1900; 100% leased and fully tenant occupied with long‑term leases and vetted tenants; Ground floor includes restaurant and retail tenants, anchored by two active users
