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    108 1 St Oilville, VA 23129

    For Lease
    $18 SF/Yr

    Modern Office Space, Flexible Layouts, Immediate Occupancy

    Lot size:
    160,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial property, located at 108 S 1st St in Oilville, Virginia, offers two executive office suites totaling 2,348 square feet within a larger 160,650 square foot building. Built in 2022, the building is situated in Richmond County and boasts a highly desirable location with easy access to key transportation routes (exact details not provided). The property is currently listed as having 2,348 square feet of immediately available space. This space is highly adaptable and can be leased as a single, contiguous unit or divided into two smaller suites. One option is a 1,012 square foot space, and the other is 1,336 square feet (resulting from the division of the larger space). The minimum leasable space is 1,012 square feet. The property is classified as both retail and office space, making it suitable for a variety of businesses. The building features multiple tenancies, indicating a vibrant and diverse community of occupants. This presents a unique opportunity for businesses seeking modern, efficient, and flexible office space in a thriving location. The property's address is 108 S 1st St, Richmond, VA 23129. Inquiries are welcome.

    Property Features for 108 1 St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    160,650 SF
    Total Rate
    240975

    Building Details

    Year Built
    2022

    Unit(s) available at that property

    Space
    Space A
    Size
    2,348 SF
    Rate per SF
    $18
    Space
    Space B
    Size
    2,348 SF
    Rate per SF
    $18

    HighLights

    • 2,348 SF of immediately available office/retail space at 108 S 1st St, Richmond, VA 23129.
    • Located in the Monroe Ward submarket of Richmond, VA.
    • Part of a 160,650 SF building with 138 apartment units.
    • High‑density area with 25,000 residents within a one‑mile radius and over 170,000 daytime employees within three miles.
    • High traffic volume of 7,725 vehicles per day on E Canal St.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Oilville
    County
    Richmond
    State
    Virginia
    Longitude
    -77.7709558
    Latitude
    37.6864449

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    FAQs

    What type of property is this?
    Office Property / Space - Modern Office Space, Flexible Layouts, Immediate Occupancy
    Where is this office property / space located?
    The property is located at 108 1 St Oilville, VA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 2,348 SF of immediately available office/retail space at 108 S 1st St, Richmond, VA 23129.; Located in the Monroe Ward submarket of Richmond, VA.; Part of a 160,650 SF building with 138 apartment units.
    Request Owner's contact information
    108 1 St Oilville, VA 23129
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    Oilville, VA 23129
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    108 1 St Oilville, VA 23129
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