100 Franklin StRichmond, VA 23220

  • Office properties
  • 33,880 SF
For Lease
$16.50/SF/YR View listing

Property Details for 100 Franklin St

Year built
1895
Construction
TYPE NOT SPECIFIED
Lot size
0.26 AC
Property size (Sq ft)
33,880 SF
Zone code
R-03 RESIDENTIAL OFFICE
Property type
Office properties
Property subtype
Other office properties
APN
W-000-0126-011
APU
W0000126011

Description

Chesterman Place, located at 100 West Franklin Street in Richmond, Virginia (zip code 23220), offers exceptional executive office space for lease. This Class B building boasts a total of 36,988 square feet, with flexible options available for multiple tenants. Currently, there are 5,158 square feet of vacant space ready for immediate occupancy. The minimum leasable space is 848 square feet, perfect for smaller businesses or individual professionals, while larger tenants can occupy up to a contiguous 4,310 square feet. The building's prime location in Richmond County provides easy access to major transportation routes and amenities. The property is ideal for businesses seeking a professional and efficient workspace in a vibrant urban setting. The building's executive office subtype ensures a high-quality environment, suitable for companies seeking to project a sophisticated image. Interested parties are encouraged to inquire about available space and lease terms. This is a fantastic opportunity to secure premium office space in a desirable Richmond location. The address is easily accessible and well-suited for both employees and clients. The available space offers a range of options to accommodate various business needs and sizes. Don't miss this chance to establish your business in this thriving area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $7,477,667
    6.5%
    $6,902,462
    7%
    $6,409,429
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,658,299
    Geo Method
    $5,658,299
  • Alternative Use

    Use
    Valuation
    Residential
    $8,559,053
    Hospitality
    $7,840,046
    Educational
    $6,522,826
    Medical
    $6,747,156
    Retail
    $10,146,619
100 Franklin St, Richmond, Virginia

Location Insight

City
Richmond
County
Richmond City
State
Virginia
Latitude
37.5448
Longitude
-77.4444
CBSA code
40060
CBSA name
RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$20
$542,000
$2,271,000
$2,813,000
-
$542,000
$2,271,000
$2,813,000

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