Historic Creative Office
17 E Main St Richmond, VA 23219
For Sale
Contact for pricing
A 1915-era office building with private offices, lounge areas, full kitchen, and two full bathrooms.
Property Size2,150 SF
Price / SF$302.33
Days on Market63
Property Features for 17 E Main St
General Information
Standard status
Active
Size
2,150 SF
Property subtype
OFFICE
Listing Agency:
Porter Realty Company, Inc - CORFAC International
(804) 521-1458
Listed By:
Wilson Flohr
Source:
Moodyscre
Added: May 28
Changed: Jul 28
Last Checked: Jul 29 at 12:45PM
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 Porter Realty Company, Inc - CORFAC International
Investment Insights
Based on property information with market context.
This historic creative office building was built in 1915 and offers a flexible floor plan suited to single-tenant or multi-tenant occupancy. The layout includes five private offices, two lounge or common areas, a full kitchen, and two full bathrooms.
The property also features a rear exterior patio area with a storage shed. Monthly parking is available directly behind the building.
The space is currently fully leased to a therapist’s office, supporting income-producing occupancy. The property is zoned B-4, allowing for a variety of office uses and potential residential uses.
The property also features a rear exterior patio area with a storage shed. Monthly parking is available directly behind the building.
The space is currently fully leased to a therapist’s office, supporting income-producing occupancy. The property is zoned B-4, allowing for a variety of office uses and potential residential uses.
Key Highlights
- 2,280 SF creative office building built in 1915
- Flexible floor plan for single or multi‑tenant use: 5 private offices plus 2 lounge/common areas, full kitchen, and 2 full bathrooms
- Fully leased therapist’s office generating rental income
Financial Insights For Healthcare Medical
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 | $56.0k | $26.04 |
| − Vacancy | −$4.6k | −$2.14 |
| EGI | $51.4k | $23.90 |
| − OpEx | −$20.6k | −$9.56 |
| NOI | $30.8k | $14.34 |
2,150 SF · lease $26.04/SF/yr · vacancy 8.20% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$440.5K
$385.5K – $514.0K
NOI $30,837 @ 7.0% cap · market cap 4.74%
Second Best
Office B
$413.0K
$361.3K – $481.8K
NOI $28,907 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$496.7K
$434.6K – $579.5K
NOI $34,771 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Creative space - A 1915-era office building with private offices, lounge areas, full kitchen, and two full bathrooms.
Where is this creative space located?
The property is located at 17 E Main St Richmond, VA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,280 SF creative office building built in 1915; Flexible floor plan for single or multi‑tenant use: 5 private offices plus 2 lounge/common areas, full kitchen, and 2 full bathrooms; Fully leased therapist’s office generating rental income
