Corner Mixed-Use VCU
For Sale
$2,109,000
801 W Broad St, Richmond, VA 23220
Two-story mixed-use building near VCU with restaurant and apartments.
Property Size6,400 SF
Price / SF$329.53
Days on Market197
Property Features for 801 W Broad St
General Information
Standard status
Active
Size
6,400 SF
Building Details
Year Built
1920
Listing Agency:
HAAS Realty Group
Listed By:
Susan Haas · License #0225083094
(804) 349-5788
Source:
Ruckartre
Added: Mar 24
Changed: Oct 1
Last Checked: Oct 6 at 12:08AM
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 HAAS Realty Group
Investment Insights
Based on property information with market context.
This two-story mixed-use building is located near Virginia Commonwealth University (VCU). The property features a full basement and rooftop patio access. Situated on a corner, the building is positioned next to national retail anchor restaurants, including Panera, Chipotle, and CAVA. The property includes two large apartments and a restaurant. All restaurant equipment, furniture, and fixtures are included.
Key Highlights
- Prime corner location at VCU, offering high visibility and foot traffic.
- Mixed‑use property with restaurant and two apartments, providing diverse income streams.
- Includes all restaurant equipment, furniture, and fixtures.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,030
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,660,600
$1.7M
Cap Rate 7%
$1,186,143
$1.2M
Cap Rate 9%
$922,556
$922.6K
Market Conditions
NOI Build-Up for 6,400 SF
Gross rent
$119.0K $18.60/SF
− Vacancy
−$8.3K −$1.30/SF
EGI
$110.7K $17.30/SF
− OpEx
−$27.7K −$4.32/SF
NOI
$83.0K $12.97/SF
Area
Richmond, VA
Vacancy
7.00%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,660,600
Cap Rate 7%
$1,186,143
Cap Rate 9%
$922,556
Alternative Uses
Best Use
Specialty Retail
$1.19M
$1.04M – $1.38M
NOI $83,030 @ 7.0% cap · market cap 3.94%
Second Best
Mixed Use
$1.14M
$999.0K – $1.33M
NOI $79,920 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$1.48M
$1.29M – $1.73M
NOI $103,503 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8,403
Businesses Nearby
Explore this area
Business Placement
Demographics for 23220, VA
36,942
Population
16,561
Households
2.2
Avg Household Size
27
Median Age
59%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
7,696
Density / Sq Mi
$56,681
Median Household Income
$33,249
Median Earnings
$1,354
Median Rent
$468,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Richmond, VA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story mixed-use building near VCU with restaurant and apartments.
Where is this mixed-use property located?
The property is located at 801 W Broad St Richmond, VA.
What is the asking price?
The asking price for this property is $2,109,000.
What are key features of this property?
This property features: Prime corner location at VCU, offering high visibility and foot traffic.; Mixed‑use property with restaurant and two apartments, providing diverse income streams.; Includes all restaurant equipment, furniture, and fixtures.
