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    318 W Broad St Richmond, VA 23219

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    For Sale
    $985,000

    6,816 SF mixed-use property with strong rental history near VCU.

    Property size:
    6,816 SF
    Lot size:
    0.07 Acres

    Property Features for 318 W Broad St

    General Information

    Size
    6,816 SF
    Lot size
    0.07 Acres

    Source: Joyner Commercial Agent Bill Phillips

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Investment Property Near VCU

    This 6,816 square foot mixed-use investment property is located in an excellent business location near Virginia Commonwealth University (VCU). The property is zoned B-4 mixed-use and features three units. It is currently 100% occupied with a strong rental history. The property has been well-maintained and has undergone capital building upgrades. A recent rent escalation has occurred on the commercial lease.
    Insight Report Location Intelligence

    Current Use by Public Records

    Websmith Group Web Hosting Company THE COLLECTIVE RVA Marketing Agency theMSQshop Branding Agency CNTR: A Creative Space Event Venue Choices RVA Hemp ... School

    Suggested Use

    Realty agency Spa & Massage Restaurant Hair Salon Dental Office Nail Salon Building Supply Daycare Center Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.4450661
    Latitude
    37.5477366

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    FAQs

    What type of property is this?
    Retail space - 6,816 SF mixed-use property with strong rental history near VCU.
    Where is this retail space located?
    The property is located at 318 W Broad St Richmond, VA.
    What is the asking price?
    The asking price for this property is $985,000.
    What are key features of this property?
    This property features: - 6,816 SF, 3-unit investment property in the excellent VCU area; - Zoned B-4 mixed-use, offering versatile investment options; - 100% occupancy with a strong rental history
    (804) 363-5446
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    318 W Broad St Richmond, VA 23219
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    Richmond, VA 23219
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    318 W Broad St Richmond, VA 23219
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