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    Property profile & analytics

    1431 Main St Richmond, VA 23220

    • Office buildings
    • 3,164 SF
    • 0.08 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Value Estimation
    $11,740,000
    Last Sale
    Dec 28, 2021
    $14,550,000
    Location Intelligence
    Property ID
    US87-0607326
    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

    • Viridiant / Association / Organization / Building Consultant

    Property Details for 1431 Main St

    Year built
    1900
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.08 lot acres
    Property size
    3,164 SF
    Zone code
    UB-PO3 PARKING OVERLAY
    Property type
    Office buildings
    APN
    W-000-0523-003
    APU
    W0000523003

    Description

    This exceptional 2,656 square foot standalone office building presents a rare opportunity in Richmond's desirable Fan District. Located at 1431 W Main St, this two-story, 1900-built property boasts a charming and functional layout, perfect for a variety of office uses. The building features modern updates including updated electrical, track lighting, acoustic ceiling tiles, and built-in bookshelves, all while retaining its historic character. The flexible floor plan allows for both collaborative open spaces and private offices, catering to diverse business needs. Enjoy dual access points and a generous rear yard. Off-street parking potential is also available. Situated just steps from VCU's campus in the Uptown district, this highly visible location offers excellent signage potential and benefits from the property's UB (Urban Business) zoning, allowing for a wide range of uses, including retail. The 0.08-acre lot provides ample space. This move-in ready property is a truly unique offering in a vibrant and walkable neighborhood. The building's APN is W0000523003.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $10,910,000

    • CAP approach

      CAP return
      Estimation
      6%
      $13,575,000
      6.5%
      $13,850,000
      7%
      $15,975,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $13,870,000
      Geo Method
      $15,835,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $11,715,000
      Retail
      $13,965,000
      Mixed-Use
      $13,475,000
      Hospitality
      $14,880,000
      Educational
      $15,435,000
      Residential Income
      $14,000,000
      Energy
      $12,815,000
      Income-Based Land
      $13,645,000
      Food Service
      $13,150,000

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.4595
    Latitude
    37.5467
    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
    $209,000
    $402,000
    $611,000
    -
    $209,000
    $402,000
    $611,000

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      PROFESSIONAL BUILDING • 1,666 SF
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    1431 Main St
    Richmond, VA 23220
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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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