Historic Office
For Sale
$595,000
17 E Main Street, Richmond, VA 23219
Two levels offer private offices alongside shared reception and work areas, with bathrooms on each floor.
Property Size2,280 SF
Price / SF$260.96
Days on Market8
Property Features for 17 E Main Street
General Information
Standard status
Active
Size
2,280 SF
Additional Details
Highway Access
Yes
Office Units
5
Building Details
Year Built
1915
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
One South Commercial LLC
(804) 266-8831
Listed By:
Ann Schweitzer · License #0225211714
(434) 981-3146
Source:
Exprealty
Added: Oct 12
Changed: Oct 19
Last Checked: Oct 19 at 2:12PM
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 LLC
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Investment Insights
Based on property information with market context.
Built in 1915 and renovated, this two-story office property contains 2,280 square feet. Its layout includes five private offices, open work and reception areas on both floors, and two full bathrooms, one per level. The building is currently used as shared workspace for private therapy practices, with a configuration that supports professional office occupancy.
The property is at 17 E Main Street in Richmond’s Monroe Ward neighborhood. VCU, the Jefferson Hotel, the YMCA, the Virginia State Capitol complex, and downtown business destinations are accessible from the area. I-95 and I-195 provide connections to the wider Richmond region. A fenced rear yard is also part of the property.
The property is at 17 E Main Street in Richmond’s Monroe Ward neighborhood. VCU, the Jefferson Hotel, the YMCA, the Virginia State Capitol complex, and downtown business destinations are accessible from the area. I-95 and I-195 provide connections to the wider Richmond region. A fenced rear yard is also part of the property.
Key Highlights
- 2,280‑square‑foot office building constructed in 1915 and renovated
- Two stories with five private offices
- Open work and reception areas on each floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,702
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,040
$654.0K
Cap Rate 7%
$467,171
$467.2K
Cap Rate 9%
$363,356
$363.4K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$59.4K $26.04/SF
− Vacancy
−$4.9K −$2.14/SF
EGI
$54.5K $23.90/SF
− OpEx
−$21.8K −$9.56/SF
NOI
$32.7K $14.34/SF
Area
Richmond, VA
Vacancy
8.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,040
Cap Rate 7%
$467,171
Cap Rate 9%
$363,356
Alternative Uses
Best Use
Healthcare Medical
$467.2K
$408.8K – $545.0K
NOI $32,702 @ 7.0% cap · market cap 5.50%
Second Best
Office B
$437.9K
$383.2K – $510.9K
NOI $30,654 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$526.8K
$460.9K – $614.6K
NOI $36,873 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,144
Businesses Nearby
Explore this area
Business Placement
Demographics for 23219, VA
5,307
Population
3,488
Households
1.5
Avg Household Size
29
Median Age
62%
College-Educated
91%
High-School Grad
1.3 sq mi
ZIP Area
4,082
Density / Sq Mi
$62,533
Median Household Income
$46,509
Median Earnings
$1,439
Median Rent
$287,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Richmond, VA
Frequently Asked Questions
What type of property is this?
Office building - Two levels offer private offices alongside shared reception and work areas, with bathrooms on each floor.
Where is this office building located?
The property is located at 17 E Main Street 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: 2,280‑square‑foot office building constructed in 1915 and renovated; Two stories with five private offices; Open work and reception areas on each floor
