Multi-Story Retail Office
211 North 18th Street Richmond, VA 23223
211 North 18th Street, Richmond, VA, 23223
Contact for pricing
For Sale
Contact for pricing
Historic multi-story building configured for retail and office use and offered for sale and lease.
Property Size2,340 SF
Price / SF$213.25
Days on Market44
Property Features for 211 North 18th Street
General Information
- Standard status
- Active
- Size
- 2,340 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1850
Listing agency
One South Commercial
(540) 532-6435
Listed by
Isaac Weintz · License #VA 0225250413
Source
Crexi
Added: Jun 9 Updated: Jul 22 at 6:25AM Checked: Jul 22 at 6:25AM
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
Investment Insights
Based on property information with market context.
This multi-story commercial property features retail/office use in a compact, owner-occupant-ready layout. It offers flexibility for businesses seeking space that can support both customer-facing retail and office operations within the same building.
The property is located at 211 North 18th Street in Richmond, Virginia, and is presented as a for-sale and for-lease opportunity.
The offering includes a retail/office configuration and historic character, aligning with users looking for a small, multi-level space rather than a single-story footprint.
The property is located at 211 North 18th Street in Richmond, Virginia, and is presented as a for-sale and for-lease opportunity.
The offering includes a retail/office configuration and historic character, aligning with users looking for a small, multi-level space rather than a single-story footprint.
Key Highlights
- Historic multi‑story building built in 1850
- Configured for retail and office use
- Offered for sale and lease
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 | $49.7k | $21.24 |
| − Vacancy | −$7.8k | −$3.31 |
| EGI | $41.9k | $17.93 |
| − OpEx | −$10.5k | −$4.48 |
| NOI | $31.5k | $13.44 |
2,340 SF · lease $21.24/SF/yr · vacancy 15.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$449.4K
$393.3K – $524.4K
NOI $31,461 @ 7.0% cap · market cap 6.30%
Second Best
Retail
$364.8K
$319.2K – $425.7K
NOI $25,539 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$540.6K
$473.0K – $630.7K
NOI $37,843 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sankofa Academy Consulting
Consultant
Nolef Turns Inc.
Charitable Organization
Sheba Williams Consulting, ...
Consultant
Institute of Forgiveness
High School
Pulliam Innovative Consulting ...
Consultant
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FAQs
What type of property is this?
Office building - Historic multi-story building configured for retail and office use and offered for sale and lease.
Where is this office building located?
The property is located at 211 North 18th Street Richmond, VA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Historic multi‑story building built in 1850; Configured for retail and office use; Offered for sale and lease
