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Property profile & analytics
FOR SALE
Office Spaces

1801 E Cary St Richmond, VA 23223

15,744 SF 0.12 ac lot Built 1914
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US87-0016122
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1914
Construction TYPE NOT SPECIFIED
Total area 15,744 SF
Lot 0.12 ac (5,366 SF)
Zoning code M-2 HEAVY INDUSTRIAL
APN E-000-0134-001
UPID US87-0016122
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
Current use
Occupant on record · Public records
  • F.H. Boehling Co. Feeds And Seeds Pet Store & Service
  • Prophet Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.33M
CAP Approach CAP
$3.03M
Comparable Approach Comparable
$1.71M
Blend (final) Blend
$2.44M
Owner & transaction history
1801 East Cary Street LLC · 4 yrs held
1801 East Cary Street LLC
since 2022
Last sale
$2.6M
4 recorded transactions
2022
$2.6M
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
M-2 HEAVY INDUSTRIAL · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $2.9M +52.1%
Medical building $2.6M +39.1%
Neighborhood: shopping center $2.6M +37.2%
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