Office
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2225 W Main Street, Richmond, VA 23220
For sale office units at 2225 W. Main Street in Richmond, Virginia.
Property Size1,345 SF
Price / SF$446.10
Days on Market52
Property Features for 2225 W Main Street
General Information
Standard status
Active
Size
1,345 SF
Total Parking Spaces
3
Property subtype
Retail, Office
Investment Type
Owner/User
Building Details
Tenancy
Single
Listing Agency:
Commonwealth Commercial Partners
Listed By:
Todd Buttner · License #VA 0225246341
(804) 793-0059
Source:
Crexi
Added: Jul 25
Changed: Aug 14
Last Checked: Sep 14 at 5:40AM
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 Commonwealth Commercial Partners
Investment Insights
Based on property information with market context.
For sale office units located at 2225 W. Main Street in Richmond, Virginia. The property is offered with a total size of 1,345 SF.
The asset’s street address provides straightforward identification for leasing or tenancy planning and property services. Its compact size can support businesses looking for a smaller office footprint in a standalone street address setting.
Interested parties can review the on-site space and configuration directly to confirm layout fit for specific office use requirements.
The asset’s street address provides straightforward identification for leasing or tenancy planning and property services. Its compact size can support businesses looking for a smaller office footprint in a standalone street address setting.
Interested parties can review the on-site space and configuration directly to confirm layout fit for specific office use requirements.
Key Highlights
- For sale office units at 2225 W. Main Street, Richmond, VA 23220
- Total size: 1,345 SF
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,083
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$361,660
$361.7K
Cap Rate 7%
$258,329
$258.3K
Cap Rate 9%
$200,922
$200.9K
Market Conditions
NOI Build-Up for 1,345 SF
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.
Gross rent
$28.6K $21.24/SF
− Vacancy
−$4.5K −$3.31/SF
EGI
$24.1K $17.93/SF
− OpEx
−$6.0K −$4.48/SF
NOI
$18.1K $13.44/SF
Area
Richmond, VA
Vacancy
15.60%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$361,660
Cap Rate 7%
$258,329
Cap Rate 9%
$200,922
Alternative Uses
Best Use
Office B
$258.3K
$226.0K – $301.4K
NOI $18,083 @ 7.0% cap · market cap 3.01%
Second Best
Retail
$209.7K
$183.5K – $244.7K
NOI $14,679 @ 7.0% cap · market cap 2.45%
Theoretical Best
Office A
$310.7K
$271.9K – $362.5K
NOI $21,752 @ 7.0% cap · market cap 3.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,743
Businesses Nearby
Explore this area
Business Placement
Demographics for 23220, VA
36,942
Population
16,561
Households
2.2
Avg Household Size
27
Median Age
59%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
7,696
Density / Sq Mi
$56,681
Median Household Income
$33,249
Median Earnings
$1,354
Median Rent
$468,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Richmond, VA
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Frequently Asked Questions
What type of property is this?
Office units - For sale office units at 2225 W. Main Street in Richmond, Virginia.
Where is this office units located?
The property is located at 2225 W Main Street Richmond, VA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: For sale office units at 2225 W. Main Street, Richmond, VA 23220; Total size: 1,345 SF
