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Financial
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Property profile

1501 Roseneath Rd Richmond, VA 23230

FOR LEASE
Office Spaces
Property ID
US87-0838773
90,339 SF 2.38 ac lot Built 1946
Entity Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,205-square-foot creative office suite, located on the first floor of the Handcraft Building in Richmond, Virginia, presents a unique opportunity. Situated at 1501 Roseneath Road, zip code 23230, this Class B building offers a convenient location near the Leigh Street stairs/elevator entrance. The suite is ideal for a small business or as executive offices for a larger company. The layout includes two private offices, a spacious conference room, a well-appointed kitchen/beverage area, and a comfortable waiting area. The flexible design allows for the office and conference room areas to be easily reconfigured to accommodate workstations as needed. The building itself boasts 90,292 square feet across three stories, situated on a 2.07-acre lot, and is zoned B-7 in Richmond County. The suite features a desirable 15-foot ceiling height. The Handcraft Building enjoys a vibrant community of tenants, including Fahrenheit Group, Hazen & Sawyer, Vasen Brewery, Brandito, and Stella's Market. Currently, only 1,205 square feet of space is available for lease within this impressive building. This is a rare opportunity to secure prime office space in a sought-after Richmond location.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1946
Construction TYPE NOT SPECIFIED
Total area 90,339 SF
Lot 2.38 ac (103,586 SF)
Zoning code M-1 LIGHT INDUSTRIAL
APN N-000-1787-001
UPID US87-0838773

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
  • Employment Agency
  • Employment Agency
  • Consultant

Location

1501 Roseneath Rd Richmond, VA 23230
Richmond metro Census 40202 RICHMOND, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.32M
Blend (final) Blend
$7.92M

Owner & transaction history

since 2015
7 recorded transactions
2018
Price N/A
2016
Price N/A
2015
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

M-1 LIGHT INDUSTRIAL · Richmond, VA
Top alternative use upside
Retail stores $13.0M +41.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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