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Property profile & analytics
FOR LEASE
Office Spaces

100 West Franklin St Richmond, VA 23220

33,880 SF 0.26 ac lot Built 1895
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US87-0655573
Property summary
AI-generated overview

Chesterman Place, located at 100 West Franklin Street in Richmond, Virginia (zip code 23220), offers exceptional executive office space for lease. This Class B building boasts a total of 36,988 square feet, with flexible options available for multiple tenants. Currently, there are 5,158 square feet of vacant space ready for immediate occupancy. The minimum leasable space is 848 square feet, perfect for smaller businesses or individual professionals, while larger tenants can occupy up to a contiguous 4,310 square feet. The building's prime location in Richmond County provides easy access to major transportation routes and amenities. The property is ideal for businesses seeking a professional and efficient workspace in a vibrant urban setting. The building's executive office subtype ensures a high-quality environment, suitable for companies seeking to project a sophisticated image. Interested parties are encouraged to inquire about available space and lease terms. This is a fantastic opportunity to secure premium office space in a desirable Richmond location. The address is easily accessible and well-suited for both employees and clients. The available space offers a range of options to accommodate various business needs and sizes. Don't miss this chance to establish your business in this thriving area.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1895
Construction TYPE NOT SPECIFIED
Total area 33,880 SF
Lot 0.26 ac (11,140 SF)
Zoning code R-03 RESIDENTIAL OFFICE
APN W-000-0126-011
UPID US87-0655573
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • KEi Architects Architecture Firm Architect
  • Duane, Hauck, Davis, Gravatt & Campbell Law Firm
  • Whaley Paules, LLC Law Firm
  • Latham & Martin Law Firm
  • Tom Barbour, Esq. Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.43M
Blend (final) Blend
$3.23M
Owner & transaction history
Jemals Chesterman LLC · 7 yrs held
Jemals Chesterman LLC
since 2018
4 recorded transactions
2018
Price N/A
2016
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
R-03 RESIDENTIAL OFFICE · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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