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1501 Roseneath Rd, Richmond, VA 23230
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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
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
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 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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$7.92M
Value range
$7.12M – $8.71M
±10% around blend
Estimated value / SF
$88 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$7.12M
blend $7.92M
$8.71M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
90,339 SF
Lot area
2.38 ac
Year built
1946
Stories
3
APN
N-000-1787-001
Zoning
M-1 LIGHT INDUSTRIAL
Assessed value
$13,180,000
Annual tax
$20
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$10.32M
Range $4.06M – $11.85M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$7.92M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 21 sales
$102
-14%
Submarket 392 sales
$158
-45%
County 240 sales
$144
-39%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $88/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+42%
vs current-use indication
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$13.18M
Move the market yield to see immediate price impact.
Value / SF
$146
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$830k
$16.61M
$11.86M
$9.23M
$923k
$18.45M
$13.18M
$10.25M
$1.01M
$20.30M
$14.50M
$11.28M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$20
Tax year 2020
Assessed value
$13,180,000
Assessed 2024
Previous assessed
$12,700,000
+3.8% YoY
Effective rate
0.00%
On assessed value
Assessed land
$3,678,000
Assessed improvement
$9,502,000
Land market value
$3,678,000
Improvement market value
$9,502,000
Total market value
$13,180,000
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1946
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
3
Bathrooms
3
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
Jurisdiction
RICHMOND CITY
Zoning & alternative use
M-1 LIGHT INDUSTRIAL · Richmond, VAZoning M-1 LIGHT INDUSTRIAL · permitted uses
M-1 LIGHT INDUSTRIAL · Richmond, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1946
Construction
TYPE NOT SPECIFIED
Heating
YES
Stories
3
Bathrooms
3
Lot
2.38 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M-1 LIGHT INDUSTRIAL
Jurisdiction
Richmond, VA
Recorded code
M-1 LIGHT INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M-1 LIGHT INDUSTRIAL in Richmond, VA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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