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    306 Main St Richmond, VA 23219

    • Office buildings
    • 6,705 SF
    • 0.13 lot acres
    For Sale
    View listing
    $1,400,000
    Value Estimation
    Last Sale
    Mar 01, 2022
    $750,000
    Location Intelligence
    Property ID
    US87-3930264
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • DPS GreenPay / Bookkeeping Service
    • AdLinea LLC / Internet Marketing Service
    • Beatties Snow Removal Richmond VA / Snow Removal Service

    Property Details for 306 Main St

    Year built
    1915
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.13 lot acres
    Property size
    6,705 SF
    Zone code
    B-4 CENTRAL BUSINESS
    Property type
    Office buildings
    APN
    W-000-0034-022
    APU
    W0000034022

    Description

    This exceptional Class A office building, located at 306 E Main Street in Richmond, Virginia, presents a unique investment opportunity. The 7,500 square foot property, situated in the Enterprise Zone, boasts a desirable multi-tenancy setup, perfect for generating strong rental income. The building, a two-story painted brick structure, underwent a complete renovation in 2016, including a new roof with a 20-year warranty. The interior features exposed brick, hardwood floors, and other high-end finishes ideal for creative office spaces. The building also includes a finished basement, providing additional usable space, and a rooftop deck offering stunning city views. The asking price is $1,400,000, translating to a price per square foot of $186.67. The property is listed as a Net-Net-Net (NNN) lease, meaning tenants are responsible for property taxes, insurance, and maintenance. This prime location in Downtown Richmond, with its vibrant atmosphere and convenient access to amenities, ensures strong tenant demand and long-term investment potential. The zip code is 23219.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $655,000

    • CAP approach

      CAP return
      Estimation
      6%
      $705,000
      6.5%
      $745,000
      7%
      $675,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $680,000
      Geo Method
      $830,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $715,000
      Retail
      $705,000
      Mixed-Use
      $805,000
      Hospitality
      $735,000
      Educational
      $800,000
      Residential Income
      $815,000
      Energy
      $655,000
      Income-Based Land
      $825,000
      Food Service
      $635,000

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.441
    Latitude
    37.5415
    CBSA code
    40060
    CBSA name
    RICHMOND, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $20
    $328,000
    $439,000
    $767,000
    -
    $328,000
    $439,000
    $767,000

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    306 Main St
    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
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