Office

Office in Richmond, VA

2000-2010 bremo road, richmond, VA 23226

Price

Price on request

Market rate estimate — not broker-provided

Cost-of-Business Details

Very Low Confidence

Low

$22.52/SF

Mid

$26.50/SF

High

$30.47/SF

Tier Used

peer_city_transfer

Transferred from peer market greenville (similarity: 100%) with 7 comparable listings.

Peer market: greenville (100% similarity)

Tier Resolution Trace

Tier 1insufficient_data

Tier 2insufficient_data

Tier 3insufficient_data

Tier 4successselected

Cost Breakdown

Component	Value	Detail	Source
Base Rent	$26.50/SF	—	peer_city_transfer
Utilities	—	9.6¢/kWh	OpenEI URDB
Property Tax	—	0.0% eff. rate	API Ninjas
Labor Index	—	$1556/wk	BLS QCEW

Source Provenance (1)

Source	Type	Count	Year	Freshness	Peer
Peer City Transfer	economic_similarity	7	—	real-time	greenville (100%)

Data sources used

peer_city_transfer

Description

Office Suites Available - Glen Forest Office Park

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

2000-2010 bremo road, richmond, VA 23226

Leaflet © OpenStreetMap contributors

Market Context

As of Q1 2025, the Richmond office market showed a 31.4% vacancy rate, average asking rents near $33.43/SF/yr, and rents up 1.4% year over year. Source: Cushman & Wakefield Q1 2025 market report.

Projected current pricing

low confidence

Projected asking rent

$33.43/SF/yr

Estimated sale value

$121–$157/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2025 curated:CBRE U S Cap Rate Sur data (cap rate 9.5%, asking rent held flat).

View the full Richmond Office market report →

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Compare it against other office listings for sale in Richmond, VA to benchmark pricing and space — view the full market.

Office market FAQ

Is the Richmond office market tightening or softening?: Vacancy is around 31.4%, with asking rents rising year over year (Q1 2025).

Unified Estimate

Very Low Confidence

$54.56/SF-$73.81/SF

Mid: $64.18/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market greenville (similarity: 100%) with 7 comparable listings.