For Lease
1 / 16
$18.50 SF/Yr
1015 E Main St, Richmond, VA 23219
View Listing →
Estimated value (blended)
$1.35M
Range $1.22M – $1.49M (±10%)
Property ID
US87-0655581
Property summary
AI-generated overview
The Branch Building, located at 1015 E Main St in Richmond, VA 23219, offers a unique opportunity to lease executive office space in a historic building. This Class B property, built in 1866, boasts a total of 12,259 square feet spread across six stories. Currently, there is 2,900 square feet of vacant space available on the first floor, perfect for a single tenant seeking a prominent location. The building is zoned B-4 and situated in Richmond city, within easy access to the city's amenities and transportation networks. The building features a total of 10 parking spaces per 1,000 square feet, providing ample parking for tenants and their clients. While the building currently houses only one suite, the layout offers flexibility for potential modifications to suit various business needs. This is a rare chance to secure a substantial space in a landmark Richmond building with a rich history. The property's location on E Main Street offers high visibility and accessibility, making it an ideal location for businesses seeking a prestigious address. The available 2,900 square feet provides a significant opportunity for a company looking to establish or expand its presence in the vibrant Richmond market. Interested parties should inquire about lease terms and conditions.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1870
Construction
TYPE NOT SPECIFIED
Total area
12,041 SF
Lot
0.09 ac (3,781 SF)
Zoning code
B-4 CENTRAL BUSINESS
APN
E-000-0080-008
UPID
US87-0655581
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
-
Law Firm
-
Physician
-
Private College
-
Law Firm
-
University
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.35M
Owner & transaction history
since 2024
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
B-4 CENTRAL BUSINESS · Richmond, VA
Top alternative use upside
Auto repair, garage
$2.2M
+54.5%
Medical building
$2.0M
+41.3%
Neighborhood: shopping center
$2.0M
+39.4%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 5 comparables with addresses
7 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.35M
Value range
$1.22M – $1.49M
±10% around blend
Estimated value / SF
$112 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
50
Income certainty
100
$1.22M
blend $1.35M
$1.49M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,041 SF
Lot area
0.09 ac
Year built
1870
Stories
5
APN
E-000-0080-008
Assessed value
$1,312,000
Annual tax
$20
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$20
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.89M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.9 mi away · 14,685 SF
1.6 mi away · 14,100 SF
5.5 mi away · 9,508 SF
7.0 mi away · 12,500 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.35M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 55 sales
$118
-5%
Submarket 392 sales
$158
-29%
County 240 sales
$144
-22%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $112/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+55%
vs current-use indication
Medical Building
Neighborhood: Shopping Center
Apartment House (5+ Units)
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
890,924.32%
Selected cap rate for this office spaces
Derived from the Richmond market rent, vacancy and expense benchmarks for this use type.
NOI (est.)
$165k *
Last sale · Mar 2024
$1.35M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$18
Move the market yield to see immediate price impact.
Value / SF
$0
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
890,923.82%890,924.32%890,924.82%
$148k
$16
$16
$16
$165k
$18
$18
$18
$181k
$20
$20
$20
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$2.30M
0.2 mi · Nov 2025 · $188/SF
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$20
Tax year 2020
Assessed value
$1,312,000
Assessed 2024
Previous assessed
$1,312,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$545,000
Assessed improvement
$767,000
Land market value
$545,000
Improvement market value
$767,000
Total market value
$1,312,000
Applied tax rate
6.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1870
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
5
Bathrooms
4
Total area
12,041 SF
Lot
0.09 ac (3,781 SF)
Zoning code
B-4 CENTRAL BUSINESS
APN
E-000-0080-008
UPID
US87-0655581
Jurisdiction
RICHMOND CITY
Zoning & alternative use
B-4 CENTRAL BUSINESS · Richmond, VAZoning B-4 CENTRAL BUSINESS · permitted uses
B-4 CENTRAL BUSINESS · Richmond, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1870
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
5
Bathrooms
4
Lot
0.09 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B-4 CENTRAL BUSINESS
Jurisdiction
Richmond, VA
Recorded code
B-4 CENTRAL BUSINESS
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-4 CENTRAL BUSINESS in Richmond, VA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
