306 E Main Street, Richmond, VA 23219
Creative office building for sale in downtown Richmond.
- Added:
- Aug 23, 2018
- Days on Market:
- 2877
- Last Refresh:
- Jul 4 at 11:08 am
Property Features for 306 E Main Street
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Property subtype
- Office
Listing office @S.L. Nusbaum Realty Co Richmond (804) 477-8785
Listing date Aug 23, 2018
Source Crexi
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 @S.L. Nusbaum Realty Co Richmond
HighLights
- Creative office space in Downtown Richmond
- Building for sale: Investment Opportunity
- Property in Downtown Richmond
- Office Space Available
- Commercial Property
Overview
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 | $159.3k | $21.24 |
| − Vacancy | −$24.9k | −$3.31 |
| EGI | $134.4k | $17.93 |
| − OpEx | −$33.6k | −$4.48 |
| NOI | $100.8k | $13.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.4412212
- Latitude
- 37.5413121
