201 Franklin St, Richmond, VA 23219-2211
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.
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Richmond Emergency Management Police Department
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-4 CENTRAL BUSINESS · Richmond, VARichmond. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.