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    Property profile & analytics
    OFF-MARKET Estimated value $1,810,000
    Office Spaces

    201 Franklin St, Richmond, VA 23219-2211

    21,486 SF 0.45 ac lot Built 1986
    Individually Owned 21-yr Hold ~ Est. High Equity
    Property ID
    US87-0845933
    Property summary
    AI-generated overview

    This unique 24,659 square foot free-standing office building, formerly the Richmond Fire Department headquarters, presents a compelling investment opportunity in the Central Business District. The two-story Class B building, constructed in 1986, offers a blend of traditional and creative office space, ideal for a single tenant. The property boasts 35 on-site parking spaces, a significant advantage in the downtown core, and is conveniently elevator-served. Its prominent location offers excellent building signage opportunities. The 0.45-acre lot provides ample surface parking, a rare find in this submarket. Local ownership and management ensure responsive service and a commitment to the property's long-term success. The building's proximity to the riverfront adds to its appeal and enhances its desirability. This is a rare chance to acquire a substantial, well-located office building with significant parking in a thriving downtown area. The property's history and unique character offer a distinctive opportunity for a discerning buyer. Further details regarding pricing are available upon request.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1986
    Construction TYPE NOT SPECIFIED
    Total area 21,486 SF
    Lot 0.45 ac (19,748 SF)
    Zoning code B-4 CENTRAL BUSINESS
    APN W-000-0047-001
    UPID US87-0845933
    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
    • Richmond Emergency Management Police Department
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.76M
    Blend (final) Blend
    $1.81M
    Owner & transaction history
    Jemals Chamber Of Commerce · 21 yrs held
    Jemals Chamber Of Commerce
    since 2005
    2 recorded transactions
    2005
    $1.7M
    1969
    Zoning & alternative use
    B-4 CENTRAL BUSINESS · Richmond, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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