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Property profile & analytics
FOR LEASE
Office buildings
901 E Cary St Richmond, VA 23219
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0122957
For Lease
1 / 2
$34,045,000
901 E Cary St, Richmond, VA 23219
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
STONE
Total area
488,976 SF
Lot
1.15 ac (50,181 SF)
Zoning code
B-4 CENTRAL BUSINESS
APN
E-000-0062-004
UPID
US87-0122957
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
-
Chopt Creative Salad Co. Take-out & Catering
-
Virginia Economic Development Partnership Social Service Agency
-
DHG Wealth Advisors Financial Advisor
-
Virginia Economic Development Partnership International Trade Logistics Company
-
Oostdyk Scott C 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
$34.05M
Owner & transaction history
Jc Richmond LLC · 9 yrs held
Jc Richmond LLC
since 2017
5 recorded transactions
Zoning & alternative use
B-4 CENTRAL BUSINESS · 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
$70 / SF
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
$56,657,000
Assessed 2024
Previous assessed
$56,657,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$6,007,000
Assessed improvement
$50,650,000
Land market value
$6,007,000
Improvement market value
$50,650,000
Total market value
$56,657,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1984
Construction
STONE
Heating
YES
Cooling
YES
Stories
20
Bathrooms
3
Total area
488,976 SF
Lot
1.15 ac (50,181 SF)
Zoning code
B-4 CENTRAL BUSINESS
APN
E-000-0062-004
UPID
US87-0122957
Jurisdiction
RICHMOND CITY
Zoning & alternative use
B-4 CENTRAL BUSINESS · Richmond, VA
Zoning B-4 CENTRAL BUSINESS · permitted uses
B-4 CENTRAL BUSINESS · 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
1984
Construction
STONE
Heating
YES
Cooling
Yes
Stories
20
Bathrooms
3
Lot
1.15 ac
Current owner
From public records · entity-resolved
Jc Richmond LLC
Entity
Mailing address
800 E CANAL ST STE #1900, RICHMOND, VA 23219-3955
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2017
—
Rp James Center LLC
—
Deed
related
$90,750,000 · Bank Of America
Jan 20, 2017
$108,000,000
Jc Richmond LLC
Gmacc 2006-c1 East Cary Street
Warranty Deed
—
Mar 21, 2016
—
Gmacc 2006-c1 East Cary Street
James Ctr Prop LLC
Deed In Lieu Of Foreclosure
related
—
Dec 15, 2005
$84,999,000
James Center Property LLC
One James Center Assoc
Grant Deed
—
—
—
Rp James Center LLC
—
Deed Of Trust
related
$90,750,000 · Bank Of America
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?”
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