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    Property profile & analytics

    101 Cowardin Ave Richmond, VA 23224

    • Medical offices
    • 36,983 SF
    • 1.55 lot acres
    For Sale
    View listing
    $3,750,000
    Value Estimation
    Location Intelligence
    Property ID
    US87-0717493
    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

    • Franklin C. Ognelodh, DPM / Podiatrist
    • Capital Area Health Education Center / Non-Profit Organization
    • Bon Secours Sports Medicine & Primary Care / General Practitioner / Medical Clinic
    • Manchester RVA Dental / Dental Clinic
    • CAHN Southside Medical Center / Community Health Centre

    Property Details for 101 Cowardin Ave

    Year built
    2005
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.55 lot acres
    Property size
    36,983 SF
    Zone code
    R-63 MULTI FAMILY URBAN R
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    S-000-0199-014
    APU
    S0000199014

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.4486
    Latitude
    37.5199
    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
    $1,013,000
    $4,344,000
    $5,357,000
    -
    $1,013,000
    $4,344,000
    $5,357,000

    Comparable in this City

    • Value Estimation
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    • Value Estimation by Request
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      921 Hull St

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      3830 Hull St Rd

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      1 Belt Blvd

      MEDICAL CLINIC • 6,096 SF
      1 Belt Blvd, Richmond, VA 23224-1201
      View Details
    • Value Estimation by Request
      5,250 SF

      108 Cowardin Ave

      MEDICAL CLINIC • 5,250 SF
      108 Cowardin Ave, Richmond, VA 23224-2020
      View Details

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    101 Cowardin Ave
    Richmond, VA 23224
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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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