Office
For Sale
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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 Market98
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
Site & Location
Neighborhood
Shkb
Building Details
Tenancy
Single
Listing Agency:
Commonwealth Commercial Partners
Listed By:
Todd Buttner · License #VA 0225246341
(410) 382-7109
Source:
Crexi
Added: Jul 25
Changed: Oct 25
Last Checked: Oct 28 at 6:46AM
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
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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 / Yr
$18,083
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,743
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Office unit - For sale office units at 2225 W. Main Street in Richmond, Virginia.
Where is this office unit 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
