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Property profile & analytics
FOR LEASE
Office Spaces

4901 Fitzhugh Ave Richmond, VA 23230

27,005 SF 0.43 ac lot Built 1976
Entity Owned 2-yr Hold Free & Clear
Property ID
US87-1290471
Property summary
AI-generated overview

This exceptional office property, located at 4901 Fitzhugh Ave in Richmond, Virginia (zip code 23230), offers a variety of flexible spaces ideal for businesses seeking a prime location. The single, three-story building, constructed in 1976, boasts a total of 27,005 square feet, with 13,285 square feet currently available for lease. The property is zoned TOD-1 and features convenient amenities including elevators. Multiple tenancy options are available, catering to diverse business needs. Two immediately available suites offer 3,690 square feet on the first floor and 9,595 square feet on the third floor. This versatile space is suitable for traditional office setups, creative work environments, or executive offices, offering a blend of functionality and style. The building's location in the heart of Willow Lawn provides excellent accessibility and visibility. The property's APN is W0190062002. This is a unique opportunity to secure high-quality office space in a desirable Richmond location. Contact us today to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1976
Construction TYPE NOT SPECIFIED
Total area 27,005 SF
Lot 0.43 ac (18,750 SF)
Zoning code R-02 RESIDENTIAL OFFICE
APN W-019-0062-002
UPID US87-1290471
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
  • Diamonds In The Rough Youth And Family Services Child Welfare Organization Charitable Organization
  • River City Driving School Training Center Vocational School
  • Symbol Mattress Inc Furniture & Home Goods
  • My UOTS Charitable Organization Social Service Agency
  • Our Legacy Ventures Llc Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.00M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.42M
Blend (final) Blend
$2.00M
Owner & transaction history
700 West LLC · 2 yrs held
700 West LLC
since 2024
Last sale
$2.0M
3 recorded transactions
2024
$2.0M
2024
$2.0M
2021
$550,000
Zoning & alternative use
R-02 RESIDENTIAL OFFICE · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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