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    201 Franklin St Richmond, VA 23219

    Sponsored
    For Lease
    $216 SF/Yr

    Historic Office Space, Ample Parking

    Lot size:
    24,659 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This unique 24,659 square foot free-standing office building, formerly the Richmond Fire Department headquarters, presents a compelling investment opportunity in the Central Business District. The two-story Class B building, constructed in 1986, offers a blend of traditional and creative office space, ideal for a single tenant. The property boasts 35 on-site parking spaces, a significant advantage in the downtown core, and is conveniently elevator-served. Its prominent location offers excellent building signage opportunities. The 0.45-acre lot provides ample surface parking, a rare find in this submarket. Local ownership and management ensure responsive service and a commitment to the property's long-term success. The building's proximity to the riverfront adds to its appeal and enhances its desirability. This is a rare chance to acquire a substantial, well-located office building with significant parking in a thriving downtown area. The property's history and unique character offer a distinctive opportunity for a discerning buyer. Further details regarding pricing are available upon request.

    Property Features for 201 Franklin St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,659 SF
    Class
    B
    Total Rate
    443862

    Building Details

    Year Built
    1986
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    24,659 SF
    Rate per SF
    $216

    HighLights

    • 24,659 SF free‑standing office building in the Central Business District.
    • Single‑tenant occupancy.
    • Class B building, built in 1986, two stories with elevator.
    • 35 parking spaces on‑site.
    • Prominent location with building signage opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Richmond Emergency Management Police Department

    Suggested Use

    Realty agency Spa & Massage Restaurant Hair Salon Dental Office Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.4418256
    Latitude
    37.5425574

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    FAQs

    What type of property is this?
    Office space - Historic Office Space, Ample Parking
    Where is this office space located?
    The property is located at 201 Franklin St Richmond, VA.
    What is the lease rate?
    The lease rate is $216 SF/Yr.
    What are key features of this property?
    This property features: 24,659 SF free-standing office building in the Central Business District.; Single-tenant occupancy.; Class B building, built in 1986, two stories with elevator.
    Request Owner's contact information
    201 Franklin St Richmond, VA 23219
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    Richmond, VA 23219
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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
    201 Franklin St Richmond, VA 23219
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