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    505 Main St Richmond, VA 23219

    For Lease
    $18 SF/Yr ($3,954 /Mo)

    2,636 sq ft, 2 parking spaces

    Lot size:
    2,636 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2,636 square foot executive office space is available for lease at 505 E Main St in Richmond, Virginia. Located in Richmond city, this Class B building offers a single-tenant occupancy opportunity, perfect for a business seeking a dedicated and private workspace. The entire 2,636 square feet is currently vacant, providing immediate occupancy for the new tenant. The property includes two convenient parking spaces. The address is 505 E Main St, Richmond, VA 23219. This property is conveniently located in the heart of Richmond, offering easy access to major transportation routes and local amenities. The building's classification as Class B indicates a solid standard of construction and maintenance. The property type is listed as an office, specifically an executive office suite, suggesting a higher level of finish and amenities than a standard office space. The single-tenant occupancy ensures privacy and control over the entire space. This presents a unique opportunity for a business seeking a well-located, spacious, and private office environment in the vibrant city of Richmond. An apartment is located on the second floor of the building, separate from the office space.

    Property Features for 505 Main St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,636 SF
    Class
    B
    Total Rate
    3954

    Unit(s) available at that property

    Space
    First Floor
    Size
    2,636 SF
    Rate per SF
    $18

    HighLights

    • As‑Is Sale
    • Four to five private offices
    • Conference room
    • Open workspace area
    • Kitchenette
    • Two restrooms
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mc Cabe Nicole ... Attorney Marshall & Marshall Insurance Attorney Crown Vending Coffee ... Vending Machine Supplier

    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
    -77.4398058
    Latitude
    37.5400694

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    FAQs

    What type of property is this?
    Office Property / Space - 2,636 sq ft, 2 parking spaces
    Where is this office property / space located?
    The property is located at 505 Main St Richmond, VA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: As-Is Sale; Four to five private offices; Conference room
    Request Owner's contact information
    505 Main 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
    505 Main St Richmond, VA 23219
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