Individually Owned Property summary
This exceptional mixed-use property, located at 1627 W Main St in Richmond, VA, presents a compelling investment opportunity. The 5,090 square foot building, constructed in 1900 and situated on a 0.055-acre lot, boasts a prime location in the vibrant Fan District. Currently operating at 100% occupancy with five tenants, the property features three units: a ground floor commercial space (approximately 1,919 square feet, currently leased, lease terms to be renegotiated upon sale), a… three-bedroom/two-bathroom apartment, and a one-bedroom/one-bathroom apartment. Both residential units are currently occupied. The building is a two-story structure classified as Class C, with a permitted UB (Urban Business) zoning. The property's strategic location offers excellent visibility and accessibility, with 35 feet of frontage on W Main Street. Its proximity to Virginia Commonwealth University (VCU), the Museum District, and a diverse array of restaurants and shops enhances its appeal and rental potential. The asking price is $1,700,000. This is a net lease investment with multiple tenants, offering a rare chance to acquire a piece of Richmond's history in a highly sought-after location. The property's strong tenant base and desirable location contribute to its significant investment potential. The building has undergone multiple renovations throughout its history. The property's APN is W0000658001. The occupancy date is December 1, 2024. There are no air rights associated with this property. This is a fee simple ownership held by an LLC. There are no ground leases or gas pumps associated with this property.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2020
Value estimate
· Sep 2026Realmo valuation models over county records and 5 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar Nearby for Sale
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Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 4,040 SF
- Lot area
- 0.06 ac
- Year built
- 1900
- Stories
- 2
- APN
- W-000-0658-001
- Zoning
- UB-PO3 PARKING OVERLAY
- Assessed value · 2024
- $1,106,000
- Annual tax · 2020
- $20
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
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- Alternative use
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