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Property profile & analytics
FOR LEASE
Banks

424 E Grace St Richmond, VA 23219

7,320 SF 0.08 ac lot Built 1928
Entity Owned 6-yr Hold Free & Clear
Property ID
US87-0259930
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 architectural firms to art galleries or non-profits. The space includes 8-9 large private offices surrounding a spacious open collaborative area. Its prime location provides easy access to popular destinations such as The National, Dominion Energy Center, and the Convention Center, as well as numerous acclaimed restaurants. The property features convenient proximity to interstates, parking garages, and public transportation. The building sits on a 0.08-acre lot and was constructed in 1928. The entire building encompasses 10,980 square feet, with a single suite currently available. The zoning is B-4. The property's APN is W0000025015. This is a unique opportunity to secure a highly visible and functional office space in the heart of Richmond's thriving downtown area. The minimum divisible space is 3,660 square feet, and the maximum contiguous space available is also 3,660 square feet.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1928
Construction TYPE NOT SPECIFIED
Total area 7,320 SF
Lot 0.08 ac (3,660 SF)
Zoning code B-4 CENTRAL BUSINESS
APN W-000-0025-015
UPID US87-0259930
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
  • The Healthcare Fraud Group - James S. Bell Attorney Law Firm
  • Richmond Generator Systems Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Grace Monroe Ward LLC · 6 yrs held
Grace Monroe Ward LLC
since 2019
2 recorded transactions
2019
$715,000
2010
$620,000
Zoning & alternative use
B-4 CENTRAL BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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