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Property profile & analytics
OFF-MARKET
Estimated value
$3,675,000
Office Spaces
13 13th St, Richmond, VA 23219-4101
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US87-1287585
Property summary
AI-generated overview
This exceptional creative office space at 13 South 13th Street in Richmond, Virginia, offers 5,672 square feet of completely vacant, adaptable space. Located in the vibrant Downtown Richmond submarket, this property is ideal for businesses seeking a unique and inspiring work environment. The building underwent a complete renovation in 2016, ensuring modern amenities and a fresh aesthetic. Multiple tenancy options are available, with spaces ranging from a minimum of 2,057 square feet to a maximum contiguous space of 3,615 square feet. The flexible floor plans allow for customization to suit various business needs. Parking is conveniently available via on-street options. The property's prime location in the heart of Downtown Richmond provides easy access to a wealth of amenities, including restaurants, shops, and public transportation. This is a rare opportunity to secure a fully vacant, renovated creative office space in a highly desirable location. The property is situated in Richmond County, Virginia, with a zip code of 23219. The address is 13 S 13th St. This space is currently available for lease.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1880
Construction
TYPE NOT SPECIFIED
Total area
23,892 SF
Lot
0.14 ac (5,997 SF)
Zoning code
B-4 CENTRAL BUSINESS
APN
E-000-0083-048
UPID
US87-1287585
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
-
Vosh Health Enforcement State Government Office
-
Capstone Partners | Richmond Bank
-
The Hummynbirds Metaphysical Supply Store Service Establishment
-
BareSOUL Yoga Gym & Fitness Center
-
1607 Capital Partners, LLC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.59M
Comparable Approach
Comparable
$3.83M
Blend (final)
Blend
$3.68M
Owner & transaction history
13 S 13th St LLC · 12 yrs held
13 S 13th St LLC
since 2014
2 recorded transactions
Zoning & alternative use
B-4 CENTRAL BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.4M
+54.5%
Medical building
$4.0M
+41.3%
Neighborhood: shopping center
$3.9M
+39.4%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,975,000
6.5%
$4,590,000
7%
$4,260,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,815,000
Current use
AUTO REPAIR, GARAGE
$4,350,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$3,980,000
Change: +41% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,925,000
Change: +39% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,840,000
Change: +36% · Conversion: Moderate
OFFICE BUILDING
$3,535,000
Change: +25% · Conversion: Easy
RETAIL STORES
$3,440,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$3.68M
Range $3.31M – $4.04M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$154 / 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
$4,998,000
Assessed 2024
Previous assessed
$4,998,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$336,000
Assessed improvement
$4,662,000
Land market value
$336,000
Improvement market value
$4,662,000
Total market value
$4,998,000
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1880
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
4
Total area
23,892 SF
Lot
0.14 ac (5,997 SF)
Zoning code
B-4 CENTRAL BUSINESS
APN
E-000-0083-048
UPID
US87-1287585
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.5M
RETAIL STORES
Est. value
$3.4M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1880
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
4
Lot
0.14 ac
Current owner
From public records · entity-resolved
13 S 13th St LLC
Entity
Mailing address
PO BOX 5160, GLEN ALLEN, VA 23058-5160
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2014
—
13 S 13th Street LLC
—
Deed Of Trust
related
$3,600,000 · Xenith Bk
May 29, 2014
$1,450,000
13 S 13th St LLC
Commonwealth Of Va
Grant Deed
$1,665,000 · 13th Street Holdings LLC
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.
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