Back to Search
Property profile & analytics
OFF-MARKET
Investment properties
9 Franklin St Richmond, VA 23219-2105
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US87-0741048
Property summary
AI-generated overview
This exceptional 7,728-square-foot office building presents a unique investment opportunity in Richmond, Virginia's historic Monroe Ward. Built in 1879, this three-story building boasts a blend of preserved historic charm and modern office spaces, making it ideal for an owner-occupant or an investor seeking a single-tenant lease. The property features off-street parking, a significant advantage in this vibrant urban setting. Located at 9 E Franklin St, zip code 23219, the building is situated on a 0.108-acre lot (APN: W0000082005) and is zoned RO-3. Its prime location offers easy access to Virginia Commonwealth University, the State Capitol, The Jefferson Hotel, and a wealth of amenities including restaurants, shops, and public transportation. The building is currently 100% occupied. This move-in ready property offers a compelling combination of historical significance, modern functionality, and a highly desirable location, making it an attractive investment for discerning buyers. A virtual tour is available. The asking price is $1,365,000.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1879
Construction
TYPE NOT SPECIFIED
Total area
5,403 SF
Lot
0.11 ac (4,705 SF)
Zoning code
R-03 RESIDENTIAL OFFICE
APN
W-000-0082-005
UPID
US87-0741048
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
-
David Whaley Law Firm
-
Levco Management Property Management Company
-
Aspen Partners Ltd Financial Advisor
-
Morchower Luxton & Whaley Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kinsington Properties LLC · 1 yrs held
Kinsington Properties LLC
since 2025
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
R-03 RESIDENTIAL OFFICE · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$20
Tax year 2020
Assessed value
$955,000
Assessed 2024
Previous assessed
$955,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$278,000
Assessed improvement
$677,000
Land market value
$278,000
Improvement market value
$677,000
Total market value
$955,000
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1879
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
3
Rooms
15
Bathrooms
3
Total area
5,403 SF
Lot
0.11 ac (4,705 SF)
Zoning code
R-03 RESIDENTIAL OFFICE
APN
W-000-0082-005
UPID
US87-0741048
Jurisdiction
RICHMOND CITY
Zoning & alternative use
R-03 RESIDENTIAL OFFICE · Richmond, VA
Zoning R-03 RESIDENTIAL OFFICE · permitted uses
R-03 RESIDENTIAL OFFICE · Richmond, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richmond. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1879
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
3
Rooms
15
Bathrooms
3
Lot
0.11 ac
Current owner
From public records · entity-resolved
Kinsington Properties LLC
Entity
Mailing address
9 E FRANKLIN ST, RICHMOND, VA 23219-2105
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2025
$1,227,500
Kinsington Properties LLC
9 East Franklin Street LLC
Special Warranty Deed
$1,043,375 · Townebank
Dec 11, 2019
$600,000
9 East Franklin Street LLC
9 East Franklin LLC
Warranty Deed
$799,000 · Fulton Bank NA
Apr 30, 2014
$525,000
9 East Franklin LLC
Magic LLC
Special Warranty Deed
—
—
—
9 East Franklin LLC
—
Loan Modification
related
$440,600 · Citizens & Farmers Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 9 Franklin St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
