Property profile

101 Cowardin Ave Richmond, VA 23224

OFF-MARKET
Medical Office Space
Property ID
US87-0717493
36,983 SF 1.55 ac lot Built 2005
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 36,983 square foot medical office building presents a rare opportunity in the thriving Richmond, VA market. Situated on a generous 1.55-acre lot at 101 Cowardin Avenue, this property offers significant potential for expansion or redevelopment. The building's substantial size allows for a variety of uses, making it ideal for a large medical practice, a multi-tenant facility, or a combination thereof. Its prime location in Richmond ensures high visibility and easy access for patients and staff. The property's substantial size and desirable location make it a compelling investment opportunity for those seeking a strong foothold in the Richmond commercial real estate market. The asking price of $3,750,000 reflects the building's size, location, and potential. Serious inquiries are encouraged to explore the possibilities this property offers. Detailed financial information and property specifications are available upon request. This is a unique chance to acquire a significant commercial property in a dynamic and growing city. Don't miss this opportunity to own a piece of Richmond's thriving medical sector. The property is ready for immediate occupancy or can be customized to meet specific needs. Further information regarding zoning and permitted uses can be provided.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL CLINIC
Year built 2005
Construction TYPE NOT SPECIFIED
Total area 36,983 SF
Lot 1.55 ac (67,518 SF)
Zoning code R-63 MULTI FAMILY URBAN R
APN S-000-0199-014
UPID US87-0717493

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Charitable Organization Social Service Agency
  • Pediatrician Physician
  • Dental Office
  • Community Health Centre

Location

101 Cowardin Ave Richmond, VA 23224-2078
Richmond metro Census 61001 RICHMOND, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.51M
Blend (final) Blend
$2.24M

Owner & transaction history

since 2025
Last sale
$2.5M
2 recorded transactions
2025
$2.5M
1969
Price N/A

Zoning & alternative use

R-63 MULTI FAMILY URBAN R · Richmond, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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