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    7252 Broad St Richmond, VA 23294
    Property profile & analytics

    7252 Broad St, Richmond, VA 23294

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    • Retail properties & Spaces
    • 11,616 SF
    • 0.82 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 7252 Broad St

    Lot size
    0.82 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional retail storefront, located at 7252 W Broad St in Richmond, Virginia, presents a unique investment opportunity. The property boasts a substantial 11,616 square feet of space, situated on a 0.82-acre lot. Its B-3 zoning in Henrico County allows for a wide range of commercial uses. The building features a two-level interior layout, incorporating a showroom, office space, ample storage, and two restrooms. An overhead loading door provides convenient access for deliveries and inventory management. High visibility is ensured by its prominent location and a pylon sign with a message board, maximizing marketing potential. The property's address is 7252 W Broad St, Richmond, VA 23294. This location offers excellent access to major transportation routes and a thriving commercial district. The substantial size and versatile layout make this property ideal for a variety of retail businesses seeking a high-impact presence in a desirable Richmond location. The property's features, combined with its strategic location and zoning, present a compelling opportunity for investors and business owners alike. This is a rare chance to acquire a well-positioned, sizable retail space in a dynamic market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Henrico
    State
    Virginia
    Longitude
    -77.5216
    Latitude
    37.6151

    Comparable in this City

    • Value Estimation
      $1,805,000
      22,957 SF

      7490 Broad St

      RETAIL STORES (PERSONAL SERVICES)
      7490 Broad St, Henrico, VA 23294-3606
      View Details
    • Value Estimation
      $760,000
      7,990 SF

      8801 Broad St

      RETAIL STORES (PERSONAL SERVICES)
      8801 Broad St, Henrico, VA 23294-5813
      View Details
    • Value Estimation
      $1,490,000
      13,771 SF

      7900 Broad St

      RETAIL STORES (PERSONAL SERVICES)
      7900 Broad St, Henrico, VA 23294-6302
      View Details
    • Value Estimation
      $790,000
      6,135 SF

      8000 Broad St

      RETAIL STORES (PERSONAL SERVICES)
      8000 Broad St, Henrico, VA 23294-4218
      View Details
    • Value Estimation
      $1,285,000
      10,882 SF

      8718 Broad St

      RETAIL STORES (PERSONAL SERVICES)
      8718 Broad St, Henrico, VA 23294-6206
      View Details
    • Value Estimation
      $1,275,000
      12,800 SF

      8818 Broad St

      RETAIL STORES (PERSONAL SERVICES)
      8818 Broad St, Henrico, VA 23294-5802
      View Details

    Similar Nearby for Sale

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      7,914 SF

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      2.1 Acre Hard Corner Outparcel

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      12,876 SF

      Colonial Brick Office Building

      Three-story office building with high visibility and ample parking.
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      Land with Excellent Visibility

      Land with high visibility, ideal for medical, motel, or office.
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    Similar Nearby for Lease

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      44,035 SF

      Retail Anchor Opportunity on Broad

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      8900 W Broad St, Henrico, VA 23294
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      Retail Space on Broad Street

      Retail space with excellent visibility and ample parking.
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      1,750 SF

      Retail Space in Broad Street

      Retail space available in shopping center with high traffic.
      7801 W Broad St, Richmond, VA 23294
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      1,800 SF

      Retail Space on West Broad

      Retail space available in Henrico, Virginia, on West Broad.
      8026 W Broad St, Henrico, VA 23294
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      Office and Retail Space Available

      Office and retail spaces for lease in Richmond, Virginia.
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      1,620 SF

      Retail Space in Westland Center

      Retail space available in a convenient Richmond shopping center.
      8047-8099 W Broad St, Richmond, VA 23294
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    7252 Broad St
    Richmond, VA 23294
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    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
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