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Property profile & analytics
FOR LEASE
Office buildings
1051 E Cary St Richmond, VA 23219
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0130557
For Lease
1 / 2
$21,855,000
1051 E Cary St, Richmond, VA 23219
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
CONCRETE
Total area
347,380 SF
Lot
0.66 ac (28,581 SF)
Zoning code
B-4 CENTRAL BUSINESS
APN
E-000-0063-007
UPID
US87-0130557
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
-
James Center Parking Garage Parking Lot & Garage
-
Hurlbert Richards L Law Firm
-
Childers North Susan Law Firm
-
Raymond James Financial Services Financial Advisor
-
Accountemps Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.86M
Owner & transaction history
Jc Richmond LLC · 9 yrs held
Jc Richmond LLC
since 2017
4 recorded transactions
Zoning & alternative use
B-4 CENTRAL BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$63 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$20
Tax year 2020
Assessed value
$32,191,000
Assessed 2024
Previous assessed
$32,191,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$3,457,000
Assessed improvement
$28,734,000
Land market value
$3,457,000
Improvement market value
$28,734,000
Total market value
$32,191,000
Applied tax rate
6.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1986
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
15
Bathrooms
108
Total area
347,380 SF
Lot
0.66 ac (28,581 SF)
Zoning code
B-4 CENTRAL BUSINESS
APN
E-000-0063-007
UPID
US87-0130557
Jurisdiction
RICHMOND CITY
Zoning & alternative use
B-4 CENTRAL BUSINESS · Richmond, VA
Zoning B-4 CENTRAL BUSINESS · permitted uses
B-4 CENTRAL BUSINESS · Richmond, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richmond. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
15
Bathrooms
108
Lot
0.66 ac
Current owner
From public records · entity-resolved
Jc Richmond LLC
Entity
Free & Clear · 9 yrs held
Mailing address
800 E CANAL ST STE #1900, RICHMOND, VA 23219-3955
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2017
$108,000,000
Jc Richmond LLC
Gmacc 2006-c1 East Cary Street
Warranty Deed
—
Mar 21, 2016
—
Gmacc 2006-c1e East Cary Street
James Ctr Prop LLC
Deed In Lieu Of Foreclosure
related
—
Jan 12, 2006
—
Vulcan Lands INC
Vulcan Materials Co
Special Warranty Deed
—
Dec 15, 2005
$36,500,000
James Center Property LLC
Richmond Center Assoc
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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?”
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