Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4711 West Broad Street Rd Richmond, VA 23230

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,400,000

    6,000 SF building with commercial kitchens in growing district.

    Property size:
    6,000 SF

    Property Features for 4711 West Broad Street Rd

    General Information

    Standard status
    Active
    Size
    6,000 SF

    We can help!

    Listing Contact
    Matt Hamilton
    Source: Cbre

    Listing Agency: CBRE | Richmond Listing Agent: Matt Hamilton

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

    Learn more

    Overview

    Freestanding Building in Willow Lawn

    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.
    Location Intelligence

    Current Use by Public Records

    Commercial kitchens

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.651807
    Latitude
    37.66331

    Nearby Similar for Sale

    • New
      $650,000
      6,410 SF

      Richmond Industrial Cold-Storage Facility

      6,410 SF warehouse ideal for cold storage or distribution.
      1505 Brook Rd, Richmond, VA 23220
      View Details
    • $1,100,000
      5,450 SF

      Richmond Automotive Service Property

      Commercial property ideal for automotive, contractor, or light industrial use.
      6509 Dickens Pl, Richmond, VA 23230
      View Details
    • $635,000
      Pending

      Richmond Triplex Investment Opportunity

      Triplex in The Fan with strong occupancy history.
      309 N Shields Ave, Richmond, VA 23220
      View Details
    • New
      $2,800,000
      Pending

      Downtown Richmond Redevelopment Opportunity

      Historic building ready for residential or mixed-use redevelopment.
      422 E Franklin St, Richmond, VA 23219
      View Details
    • $700,000
      2,640 SF

      Richmond Multifamily Investment Opportunity

      Two ranch-style duplexes totaling four units in Richmond, Virginia.
      1601-1607 Monteiro Ave, Richmond, VA 23222
      View Details
    • New
      $575,000
      2,494 SF

      Historic Victorian Duplex Near VCU

      Charming Victorian duplex in Richmond, ideal for owner-occupants or investors.
      218 W Main St, Richmond, VA 23220
      View Details
    • $629,950
      3,148 SF

      Richmond Duplex Near McGuire Center

      Well-maintained duplex on a large lot near downtown Richmond.
      1400 Broad Rock Blvd, Richmond, VA 23224
      View Details
    • $675,000
      1,980 SF

      Richmond Duplex Near Carytown

      Well-appointed duplex in desirable Richmond location near VMFA and Carytown.
      3106 Hanover Ave, Richmond, VA 23221
      View Details
    • New
      $499,900
      2,214 SF

      Colonial Duplex in Historic Richmond

      Historic Richmond duplex, renovated, with original details and modern amenities.
      613 Price St, Richmond, VA 23220
      View Details
    • $400,000
      Pending

      Richmond Duplex Near VCU Campus

      Duplex near VCU campus with flexible rental options.
      615 Idlewood Ave, Richmond, VA 23220
      View Details
    • New
      $625,000
      Pending

      Richmond Duplex with Income Potential

      Charming duplex in historic Church Hill with income potential.
      414 N 32Nd St, Richmond, VA 23223
      View Details
    • $699,000
      Pending

      New Construction Multifamily in Richmond

      New construction duplex in historic Manchester, Richmond, scheduled for completion.
      905 Bainbridge St, Richmond, VA 23224
      View Details

    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 Rd 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
    (804) 401-4005
    Request Owner's contact information
    4711 West Broad Street Rd Richmond, VA 23230
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4711 West Broad Street Rd
    Richmond, VA 23230
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    4711 West Broad Street Rd Richmond, VA 23230
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Matt Hamilton
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!