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

    3227 Broad Rock Blvd Richmond, VA 23224

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,650 /Mo

    Flexible commercial space in high-visibility location, ideal for various businesses.

    Type:Commercial
    Property size:
    937 SF
    Added:
    Apr 15, 2026
    Days on Market:
    15
    Last Refresh:
    Apr 15 at 11:47 pm

    Property Features for 3227 Broad Rock Blvd

    General Information

    Standard status
    Active
    Size
    937 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    Walter Mena

    Listing agent Walter Mena License #0225262963,PersonLicenseNumber

    Listing office NextHome, Inc

    Listing date Apr 15, 2026

    Source Elliman

    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 NextHome, Inc

    Overview

    Versatile Commercial Space For Lease

    This commercial space offers approximately 937 square feet of usable area. The property is zoned B-2, which allows for a wide range of business uses, including retail, office, and service-based businesses. The location on Broad Rock Blvd provides steady traffic exposure and convenient access to major roads. The property benefits from excellent street visibility. It is suitable for launching a new venture or expanding current operations. The location has a bike score of 41, indicating it is somewhat bikeable, a walk score of 44, indicating it is car-dependent, and a transit score of 22, indicating minimal transit options.
    Location Intelligence

    Current Use by Public Records

    Sandra Dominican beauty ... Hair Salon El TACONAZO RVA Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.4822568
    Latitude
    37.4721693

    Nearby Similar for Lease

    • $2,650/Mo

      Versatile Commercial Space For Lease

      Commercial space suitable for retail, office, or service-based businesses.
      3227 Broad Rock Boulevard, Richmond, VA 23224
      View Details
    • $1,350/Mo

      Richmond Office Space For Rent

      Upstairs office space near Chesterfield Towne Center with easy access.
      1241 Mall Drive, Richmond, VA 23235
      View Details
    • $2,000/Mo

      Richmond Commercial Space For Lease

      1000 SF commercial space available off I-95 in Richmond.
      5604 CHAMBERLAYNE Road, RICHMOND, VA 23227
      View Details
    • $5,800/Mo

      Versatile Building in Prime Location

      Functional space suitable for various uses in a growing area.
      2700 North Avenue, Richmond, VA 23222
      View Details
    • $4,880/Mo

      Downtown Richmond Creative Office Space

      Turn-key, historic creative office space in downtown Richmond.
      424 E Grace St, Richmond, VA 23219
      View Details
    • $7,500/Mo

      Historic Corner Building in Manchester

      Two-story building in the heart of Manchester's commercial corridor.
      1201 Hull Street, Richmond, VA 23224
      View Details
    • $3,000/Mo

      Prime Restaurant Space in Richmond

      Second-generation restaurant space in a high-traffic, historic location.
      1318 E Cary St, Richmond, VA 23219
      View Details
    • $2,800/Mo

      Prime Retail Space in Richmond

      6,125 SF retail space in the heart of Shockoe Bottom.
      15 N 18th St, Richmond, VA 23223
      View Details
    • $5,800/Mo

      Versatile Building in Prime Location

      Functional space with redevelopment potential in a growing area.
      2700 NORTH Avenue, RICHMOND, VA 23222
      View Details
    • $3,368/Mo

      Professional Office Suites in Richmond

      Flexible office spaces in a vibrant, historic Richmond location.
      2025 E Main St, Richmond, VA 23223
      View Details
    • $1,895/Mo

      Arts District Retail/Gallery Space

      Open concept retail space in the heart of the Arts District.
      220 W Broad St, Richmond, VA 23220
      View Details
    • $21 SF/Yr

      Modern Office Space Available

      Creative office space for rent in Manchester neighborhood.
      220 Hull Street, Richmond, VA 23224
      View Details

    FAQs

    What type of property is this?
    Retail space - Flexible commercial space in high-visibility location, ideal for various businesses.
    Where is this retail space located?
    The property is located at 3227 Broad Rock Blvd Richmond, VA.
    What is the lease rate?
    The lease rate is $2,650 /Mo.
    What are key features of this property?
    This property features: High‑visibility location on Broad Rock Blvd with steady traffic exposure.; Flexible B‑2 zoning allows for a wide range of business uses (retail, office, service‑based).; ±937 square feet of usable commercial space.
    (804) 833-9446
    We can help!
    Listing Contact
    Walter Mena
    Real Estate License ID: 0225262963,PersonLicenseNumber
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!