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Property profile & analytics
OFF-MARKET Estimated value $535,000
Investment properties

19 18th St Richmond, VA 23223-6901

2,825 SF 0.04 ac lot Built 1910
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US87-0548309
Property summary
AI-generated overview

This exceptional mixed-use property in Richmond, Virginia's vibrant Shockoe Bottom, presents a unique owner-user opportunity. The 2,825 square foot building, constructed in 1910, boasts a well-established ground-floor restaurant space complete with a cozy dining area, large bar, and full kitchen. Upstairs, a spacious, updated two-bedroom apartment features an open living/dining area, a private balcony, and in-unit laundry. Currently 100% occupied, this property offers significant upside potential with below-market rent for the apartment. Six off-street parking spaces are included, a rare find in this desirable location. The property sits on a 0.079-acre lot and is zoned B-5, allowing for a variety of uses. Its prime corner location at 19 N 18th St offers impressive visibility and accessibility, just a block from the 17th Street Farmers Market. This is an ideal investment for a restaurant operator seeking to own their space in a thriving historic neighborhood. The asking price is $699,000, with a price per square foot of $247.43. The property consists of two parcels (APN: E0000132038 & E0000132039) and is a two-story building.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1910
Construction WOOD
Total area 2,825 SF
Lot 0.04 ac (1,536 SF)
Zoning code B-5 CENTRAL BUSINESS
APN E-000-0132-038
UPID US87-0548309
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
  • La Bamba | Mexican Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$545k
Comparable Approach Comparable
$487k
Blend (final) Blend
$535k
Owner & transaction history
Socko LLC · 1 yrs held
Socko LLC
since 2025
Last sale
$660,000
4 recorded transactions
2025
$660,000
2011
$165,000
2005
Price N/A
1969
Price N/A
Zoning & alternative use
B-5 CENTRAL BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $515,000 +52.1%
Medical building $470,000 +39.1%
Neighborhood: shopping center $465,000 +37.2%
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