1801 Cary StRichmond, VA 23223

Property Details for 1801 Cary St

Year built

1914

Construction

TYPE NOT SPECIFIED

Lot size

0.12 AC

Property size (Sq ft)

15,744 SF

Zone code

M-2 HEAVY INDUSTRIAL

Property type

Office properties

APN

E-000-0134-001

APU

E0000134001

Description

This exceptional 15,774 square foot creative office building, situated in Richmond's vibrant Shockoe Bottom neighborhood, presents a unique owner-user opportunity. The three-story, 1914-built brick warehouse boasts original architectural details, including exposed brick, high ceilings, and post-and-beam accents. Currently 30% occupied, a newly signed seven-year lease with a prominent non-profit organization provides a stable income stream. The property features a dynamic floor plan, offering approximately 10,000 square feet of immediately available space on the second and third floors, seamlessly connected by a central staircase. This space offers a modern, light-filled layout, ideal for collaborative and open workspaces. The building also includes a substantial off-street parking component with approximately 42 spaces—a rare amenity in this desirable location. The prominent location offers excellent exterior signage opportunities, directly across from the 1717 Innovation Center. The property sits on a 0.573-acre lot and is zoned M-2. This turn-key opportunity combines historic charm with modern functionality, making it an ideal headquarters for a growing company seeking a stable investment. The property's APN is E0000134001, E0000134008, E0000134006. The building's layout currently features two distinct creative office occupancies across a total of 15,000 square feet, including a full basement.

• CAP approach

  CAP return

  Valuation

  6%

  $2,921,046

  6.5%

  $2,696,350

  7%

  $2,503,754

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,766,964

  Geo Method

  $2,629,406

• Alternative Use

  Use

  Valuation

  Residential

  $3,343,474

  Hospitality

  $3,062,604

  Educational

  $2,548,051

  Medical

  $2,635,682

  Retail

  $3,963,634

Location Insight

City

Richmond

County

Richmond City

State

Virginia

Latitude

37.5318

Longitude

-77.4284

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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