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Property profile & analytics
OFF-MARKET
Office Units

1421 Bainbridge St Richmond, VA 23224

Built 2023
Entity Owned 4-yr Hold
Property ID
US87-0999502
Property summary
AI-generated overview

This stunning, brand-new Class A creative office space, located at 1421 Bainbridge Street in the Manchester submarket, is part of a mixed-use building completed in 2023. The single-tenant space is situated just two blocks from the bustling Hull Street corridor, offering excellent visibility and accessibility. This 2023 construction boasts modern amenities and systems, ready for tenant build-out. A chase for a hood vent is already in place, making it ideal for a restaurant or food-related business, although other uses are welcome. The developer seeks a high-quality tenant to serve as an amenity for the building's residents and the surrounding neighborhood. The property is zoned R-63 - Residential (Multi-family Urban), reflecting its location within a thriving mixed-use area. The APN is S0000154024, and the building is conveniently located near 15th Street. Anticipated occupancy is late summer or early fall of 2023, allowing ample time for tenant improvements. This is a unique opportunity to secure a prime location in a rapidly developing neighborhood. The building itself is a single structure, offering a cohesive and modern workspace. This space is perfect for a business seeking a high-profile location with excellent access to amenities and transportation.

Property profile
Verified
Property type Office Units
Year built 2023
UPID US87-0999502
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Evolve Hld LLC · 4 yrs held
Evolve Hld LLC
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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