Freestanding Building in Willow
4711 West Broad Street Richmond, VA 23230
For Sale
$2,400,000
6,000 SF building with commercial kitchens in growing district.
Property Size6,000 SF
Price / SF$400
Days on Market122
Property Features for 4711 West Broad Street
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Retail
Listing Agency:
CBRE - Richmond
(804) 401-4005
Listed By:
Matt Hamilton
(804) 401-4005
Source:
Cbre
Added: Mar 25
Changed: Jul 10
Last Checked: Jul 24 at 5:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Richmond
Investment Insights
Based on property information with market context.
This 6,000 SF freestanding building is located in the Willow Lawn submarket, a rapidly growing commercial district. The property features a full-service commercial cooking facility with 16 private kitchens. The building infrastructure was fully renovated in 2022. The property has TOD-1 zoning and benefits from direct access to public transportation. There are 31 parking spaces available. The property qualifies for tax incentives due to its enterprise zone designation and provides easy access to major interstates.
Key Highlights
- Full‑service commercial cooking facility with 16 private kitchens
- Highly visible, freestanding building on West Broad Street
- Building infrastructure fully renovated in 2022
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.6k | $18.60 |
| − Vacancy | −$7.8k | −$1.30 |
| EGI | $103.8k | $17.30 |
| − OpEx | −$25.9k | −$4.32 |
| NOI | $77.8k | $12.97 |
6,000 SF · lease $18.60/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.11M
$973.0K – $1.30M
NOI $77,841 @ 7.0% cap · market cap 3.24%
Second Best
Industrial
$543.5K
$475.5K – $634.0K
NOI $38,042 @ 7.0% cap · market cap 1.59%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,034 @ 7.0% cap · market cap 4.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial kitchens
FAQs
What type of property is this?
Commercial kitchen - 6,000 SF building with commercial kitchens in growing district.
Where is this commercial kitchen located?
The property is located at 4711 West Broad Street Richmond, VA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Full‑service commercial cooking facility with **16 private kitchens**; Highly visible, freestanding building on West Broad Street; Building infrastructure fully renovated in 2022
