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    Office Space in Richmond, VA Title is generated by Realmo AI

    1822 E Franklin St, Richmond, VA

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    Office property with 4,032 square feet of space.

    Type:OFFICE
    Property size:
    4,032 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $219/SF
    Added:
    Jul 23, 2025
    Days on Market:
    325
    Last Refresh:
    May 20 at 8:47 pm

    Property Features for 1822 E Franklin St

    General Information

    Standard status
    Active
    Size
    4,032 SF
    Lot size
    0.09 Acres
    Property subtype
    OFFICE

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    Listing Contact
    Tom Rosman
    Tom Rosman

    Listing agent Tom Rosman License #0225030879

    Listing office One South Commercial

    Listing date Jul 23, 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

    • 4,032 square feet of office space

    Overview

    This commercial property offers 4,032 square feet of office space. Located in Richmond, Virginia, the property is suitable for office use.

    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 $85.6k $21.24
    − Vacancy −$13.4k −$3.31
    EGI $72.3k $17.93
    − OpEx −$18.1k −$4.48
    NOI $54.2k $13.44
    4,032 SF · lease $21.24/SF/yr · vacancy 15.60% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $774.4K
    $677.6K – $903.5K (±1% cap)
    NOI $54,210 @ 7.0% cap · market cap 6.13%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $931.5K
    $815.1K – $1.09M (±1% cap)
    NOI $65,207 @ 7.0% cap · market cap 7.37%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Spaces

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Dental Office Building Supply Daycare Center Gym & Fitness Center Kitchen & Bath Showroom

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

    Similar Places Nearby

    • NWG Solutions LLC — 2114 E Main St, Richmond, VA 23223
    • AvePoint Richmond — 901 E Byrd St Suite 900, Richmond, VA 23219
    • FAST Electronics — 21 E 4th St Apt 237, Richmond, VA 23224
    • Computer Solutions — 111 Hull St #312, Richmond, VA 23224
    • Rocktown IT — 111 Hull St #312, Richmond, VA 23224

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.426
    Latitude
    37.5334

    FAQs

    What type of property is this?
    Office space - Office property with 4,032 square feet of space.
    Where is this office space located?
    The property is located at 1822 E Franklin St Richmond, VA.
    What is the asking price?
    The asking price for this property is $885,000.
    What are key features of this property?
    This property features: 4,032 square feet of office space
    (804) 353-0009 Call to check price and availability
    More about this property
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