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Property profile

424 E Grace St Richmond, VA 23219

FOR LEASE
Banks
Property ID
US87-0259930
7,320 SF 0.08 ac lot Built 1928
Last sale Dec 2019 · $715,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 3,660 square foot, move-in ready office space is located on the second floor of a historic, two-story building in Richmond's vibrant Arts District/Monroe Ward. The building, situated at the corner of East Grace and 5th Streets, boasts prominent architectural details and an abundance of natural light thanks to its impressive glass line. Recently renovated, this former SunTrust banking location offers a flexible, dynamic floor plan ideal for a variety of uses, from…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$20
Tax billed · 2020
Assessed value · 2024$851k
Assessed land$229k
Assessed improvement$622k
Effective rate0.00%

Value estimate

· Oct 2026
$275k
$248k – $303k
AI approach$180k
NOI build-up
Gross scheduled income$233k
Vacancy & credit loss−$36k
Operating expenses−$49k
NOI · 3,025.10% cap applied$148k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
3,025.10%
$148k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B-4 CENTRAL BUSINESS
JurisdictionRICHMOND CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Plumbing Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Plumbing Service9.7
Tailor Shop8.7
Auto Parts Store8.4

Location

424 E Grace St Richmond, VA 23219
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
12 Marshall, Richmond, VA 23219-1744 $480,000 Feb 2026 4,205 SF
214 Broad, Richmond, VA 23219-1736 $950,000 Jan 2025 3,240 SF
315 1st, Richmond, VA 23219-1721 $350,000 Apr 2024 4,512 SF
402 Grace, Richmond, VA 23219-1838 $435,000 Sep 2023 3,400 SF
410 Grace, Richmond, VA 23219-1838 $592,500 Feb 2020 6,073 SF
201 2nd, Richmond, VA 23219-1723 $925,000 Jul 2019 3,796 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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