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    Property profile & analytics

    1806 Smt Ave Richmond, VA 23230-4314

    • Office Properties & Spaces
    • 36,628 SF
    • 1.19 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US87-1201858
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • TMD ESTATES LLC / Real Estate Consultant
    • Graine Mediation - Richmond / Divorce Lawyer / Divorce Service
    • RVA Social Marketing / Marketing Agency / Advertising Agency
    • Prostone Masonry / Masonry Contractor
    • Venture X Richmond / Executive Suite Rental Agency / Meeting Planning Service

    Property Details for 1806 Smt Ave

    Year built
    1950
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.19 lot acres
    Property size
    36,628 SF
    Zone code
    M-1 LIGHT INDUSTRIAL
    Property type
    Office Properties & Spaces
    APN
    N-000-1722-003
    APU
    N0001722003

    Description

    This exceptional Class A office space, located in the vibrant heart of Richmond's Scotts Addition neighborhood at 1806 Summit Ave, offers seven individual suites perfect for a variety of businesses. The building totals 1,388 square feet, with flexible suite sizes ranging from a minimum of 108 square feet to a maximum contiguous space of 217 square feet. Currently, all 1,388 square feet are available for lease. The property's versatile layout makes it ideal for executive offices, coworking spaces, or creative office environments. Its prime location in Scotts Addition provides easy access to a thriving community of restaurants, shops, and entertainment venues. The address is 1806 Summit Ave, Richmond, VA 23230. This is a fantastic opportunity to establish a presence in one of Richmond's most sought-after areas. The building is ready for immediate occupancy. Contact us today to schedule a viewing and explore the possibilities of making this exceptional space your new business home. The property is categorized as an office building with multiple tenancies.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.4679
    Latitude
    37.5702
    CBSA code
    40060
    CBSA name
    RICHMOND, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $20
    $2,295,000
    $4,166,000
    $6,461,000
    -
    $2,295,000
    $4,166,000
    $6,461,000

    Comparable in this City

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      24,282 SF

      1707 Smt Ave

      OFFICE (GENERAL) • 24,282 SF
      1707 Smt Ave, Richmond, VA 23230-4500
      View Details

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    Richmond, VA 23230-4314
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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