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Property profile & analytics
FOR LEASE
Retail space

1314 E Cary St Richmond, VA 23219

4,608 SF 0.03 ac lot Built 1870
Entity Owned 15-yr Hold ~ Est. High Equity
Property ID
US87-3880320
Property summary
AI-generated overview

This stunning, fully renovated three-story office building, originally constructed in 1870, offers 4,608 square feet of versatile space in Richmond's vibrant Shockoe Slip neighborhood. Located at 1314 E Cary St (zip code 23219), this property boasts original hardwood floors, high ceilings, custom casework, and striking architectural stairwells. The open floor plan allows for flexible layouts, catering to a variety of office needs. A ground-level storefront with expansive windows provides exceptional visibility in a high-traffic area, ideal for a business seeking a prominent presence. The building sits on a 0.034-acre lot and is zoned B-5. Its prime location offers unparalleled walkability, with proximity to the Virginia State Capitol, numerous restaurants, hotels (including The Omni and The Berkley), and retail shops. This exceptional property seamlessly blends historic charm with modern functionality, creating a unique and desirable workspace in the heart of Richmond's central business district. The single-tenant building is ready for immediate occupancy. This is a rare opportunity to lease a beautifully renovated historic building in one of Richmond's most sought-after locations. The adaptable layout can be customized to suit various office needs, fostering a collaborative and creative environment. The retail frontage is perfect for a client-facing business. This property presents a perfect blend of history and modernity.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1870
Construction TYPE NOT SPECIFIED
Total area 4,608 SF
Lot 0.03 ac (1,477 SF)
Zoning code B-5 CENTRAL BUSINESS
APN E-000-0083-034
UPID US87-3880320
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
  • E-Merge Systems, Inc Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$367k
Blend (final) Blend
$545k
Owner & transaction history
Hula LLC · 15 yrs held
Hula LLC
since 2011
3 recorded transactions
2011
$640,000
2010
$640,000
2006
$400,000
Zoning & alternative use
B-5 CENTRAL BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
Top alternative use upside
Auto repair, garage $840,000 +26.4%
Medical building $770,000 +15.6%
Neighborhood: shopping center $755,000 +14.0%
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