Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    406 Cowardin Ave Richmond, VA 23224-2026

    • Medical offices
    • 6,498 SF
    • 0.76 lot acres
    OFF-MARKET
    Value Estimation
    $740,000
    Last Sale
    Feb 08, 2021
    $925,000
    Location Intelligence
    Property ID
    US87-0689958
    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

    • Fresenius Kidney Care Richmond Manchester / Dialysis Center

    Property Details for 406 Cowardin Ave

    Year built
    2022
    Lot size
    0.76 lot acres
    Property size
    6,498 SF
    Zone code
    MULTIPLE ZONING
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    S-000-0248-007
    APU
    S0000248007

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $695,000

    • CAP approach

      CAP return
      Estimation
      6%
      $790,000
      6.5%
      $845,000
      7%
      $870,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $795,000
      Geo Method
      $925,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $890,000
      Retail
      $810,000
      Mixed-Use
      $915,000
      Hospitality
      $850,000
      Educational
      $740,000
      Residential Income
      $810,000
      Energy
      $880,000
      Income-Based Land
      $730,000
      Food Service
      $705,000

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.4516
    Latitude
    37.5222
    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
    $506,000
    $1,485,000
    $1,991,000
    -
    $506,000
    $1,485,000
    $1,991,000

    Comparable in this City

    • Value Estimation by Request
      12,760 SF

      1606 Hull St

      MEDICAL CLINIC • 12,760 SF
      1606 Hull St, Richmond, VA 23224-3806
      View Details
    • Value Estimation by Request
      36,983 SF

      101 Cowardin Ave

      MEDICAL CLINIC • 36,983 SF
      101 Cowardin Ave, Richmond, VA 23224-2078
      View Details
    • Value Estimation
      $1,035,000
      4,662 SF

      921 Hull St

      MEDICAL CLINIC • 4,662 SF
      921 Hull St, Richmond, VA 23224-4069
      View Details
    • Value Estimation by Request
      11,100 SF

      3830 Hull St Rd

      MEDICAL CLINIC • 11,100 SF
      3830 Hull St Rd, Richmond, VA 23224-1712
      View Details
    • Value Estimation
      $185,000
      6,096 SF

      1 Belt Blvd

      MEDICAL CLINIC • 6,096 SF
      1 Belt Blvd, Richmond, VA 23224-1201
      View Details
    • Value Estimation by Request
      5,250 SF

      108 Cowardin Ave

      MEDICAL CLINIC • 5,250 SF
      108 Cowardin Ave, Richmond, VA 23224-2020
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,652 SF

      Warehouse, Showroom, and Office Space

      9,102 SF warehouse/showroom/office with fenced storage in Old Manchester.
      706 Decatur St, Richmond, VA 23224
      View Details
    • Contact for pricing
      10,652 SF

      Old Manchester Warehouse Assemblage

      Richmond Warehouse, 10,652 SF, B-7 Zoning
      706 Decatur St, Richmond, VA 23224
      View Details
    • Contact for pricing
      3,050 SF

      Hull Street Corner Lot

      Located in Richmond's hottest redevelopment area on Hull Street.
      2700 Hull Street Rd, Richmond, VA 23224
      View Details
    • $5,400,000
      30,000 SF

      Downtown Office and Retail Space

      Renovated Class A office and retail space in downtown Richmond.
      13-13 S 13Th St, Richmond, VA 23224
      View Details
    • Contact for pricing
      1,528 SF

      Richmond Retail Investment Opportunity

      Prime 0.33-acre lot, 1528 SF retail building
      7 Cowardin Ave, Richmond, VA 23224
      View Details
    • $800,000
      0.47 Acres

      Cleared Lot Near Midlothian Turnpike

      Commercial land for sale in a prime location.
      11151 Research Plaza Way, North Chesterfield, VA 23224
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      3,300 SF

      Modern Office Space Available

      Creative office space for rent in Manchester neighborhood.
      220 Hull Street Rd, Richmond, VA 23224
      View Details
    • $21 SF/Yr
      3,440 SF

      Plant Zero: Modern Richmond Office

      3,440 SF Executive Office Suite in Richmond, VA
      220 Hull St, Richmond, VA 23224
      View Details
    • Contact for pricing
      60,000 SF

      Prime Richmond Executive Office Space

      Prestigious A-Class Office Suite Available
      424 Hull St, Richmond, VA 23224
      View Details
    • $15 SF/Yr
      7,800 SF

      Prime Manchester District Office/Warehouse

      7,800 SF Flex Space, 1-Acre Lot
      710 Perry St, Richmond, VA 23224
      View Details
    • $18 SF/Yr
      5,013 SF

      Manchester Office/Retail Space Available

      Versatile space in growing area, suitable for office/retail.
      1506 Hull St, Richmond, VA 23224
      View Details
    • $1,500 /Mo
      16,250 SF

      Fenced Lot with Office Space

      Secure lot with office, fuel, and access to amenities.
      2403 Commerce Rd, Richmond, VA 23224
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    406 Cowardin Ave
    Richmond, VA 23224-2026
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.