1801 E Cary St Richmond, VA 23220
- Office Properties & Spaces
- 15,744 SF
- 0.12 lot acres
Current Use by Public Records
- F.H. Boehling Co. Feeds And Seeds / Animal Feed Store
- Prophet / Marketing Consultant / Consultant
Property Details for 1801 E Cary St
- Year built
- 1914
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.12 lot acres
- Property size
- 15,744 SF
- Zone code
- M-2 HEAVY INDUSTRIAL
- Property type
- Office Properties & Spaces
- APN
- E-000-0134-001
- APU
- E0000134001
Description
This exceptional 15,774 square foot creative office building, situated in Richmond's vibrant Shockoe Bottom neighborhood, presents a unique owner-user opportunity. The three-story, 1914-built brick warehouse boasts original architectural details, including exposed brick, high ceilings, and post-and-beam accents. Currently 30% occupied, a newly signed seven-year lease with a prominent non-profit organization provides a stable income stream. The property features a dynamic floor plan, offering approximately 10,000 square feet of immediately available space on the second and third floors, seamlessly connected by a central staircase. This space offers a modern, light-filled layout, ideal for collaborative and open workspaces. The building also includes a substantial off-street parking component with approximately 42 spaces—a rare amenity in this desirable location. The prominent location offers excellent exterior signage opportunities, directly across from the 1717 Innovation Center. The property sits on a 0.573-acre lot and is zoned M-2. This turn-key opportunity combines historic charm with modern functionality, making it an ideal headquarters for a growing company seeking a stable investment. The property's APN is E0000134001, E0000134008, E0000134006. The building's layout currently features two distinct creative office occupancies across a total of 15,000 square feet, including a full basement.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,260,000
- ML approach
- $2,325,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,275,000
- 6.5%
- $3,025,000
- 7%
- $2,810,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,713,000
Market price range: $1.47M - $2.83M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,885,000 Current use
- AUTO REPAIR, GARAGE
- $2,870,000 Change: +52% Conversion: Difficult
- MEDICAL BUILDING
- $2,625,000 Change: +39% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $2,585,000 Change: +37% Conversion: Difficult
- OFFICE BUILDING
- $2,330,000 Change: +23% Conversion: Easy
- RETAIL STORES
- $2,270,000 Change: +20% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $1,620,000 Change: -14% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.4284
- Latitude
- 37.5318
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA
