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Property profile & analytics
OFF-MARKET Estimated value $2,240,000
Medical Office Space

101 Cowardin Ave Richmond, VA 23224-2078

36,983 SF 1.55 ac lot Built 2005
Entity Owned ~ Est. High Equity
Property ID
US87-0717493
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Franklin C. Ognelodh, DPM Physician
  • Capital Area Health Education Center Charitable Organization Social Service Agency
  • Bon Secours Sports Medicine & Primary Care Pediatrician Physician
  • Manchester RVA Dental Dental Office
  • CAHN Southside Medical Center Community Health Centre
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
Cowardin Flats LLC
Cowardin Flats LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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