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Property profile & analytics
OFF-MARKET
Estimated value
$1,720,000
Retail residential properties
117 Broad St Richmond, VA 23220-4214
Individually Owned
10-yr Hold
Free & Clear
Property ID
US87-0735154
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1915
Construction
TYPE NOT SPECIFIED
Total area
14,784 SF
Lot
0.09 ac (3,717 SF)
Zoning code
B-4 CENTRAL BUSINESS
APN
W-000-0127-004
UPID
US87-0735154
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Metro Sound and Music Co. (Bike/Boat/Book/etc) Store
-
Metro Sound Apartments Apartment Complex
-
B&B Bed & Breakfast Restaurant
-
Sammy's Dog Walking Dog Walker
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.72M
Owner & transaction history
Mark G Szafranksi · 10 yrs held
Mark G Szafranksi
since 2016
3 recorded transactions
Zoning & alternative use
B-4 CENTRAL BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,725,000
Current use
AUTO REPAIR, GARAGE
$2,695,000
Change: -1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,555,000
Change: -6% · Conversion: Moderate
MEDICAL BUILDING
$2,465,000
Change: -10% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,430,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.72M
Range $1.55M – $1.89M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$116 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$20
Tax year 2020
Assessed value
$2,633,000
Assessed 2024
Previous assessed
$2,633,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$525,000
Assessed improvement
$2,108,000
Land market value
$525,000
Improvement market value
$2,108,000
Total market value
$2,633,000
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1915
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
4
Units
16
Rooms
6
Bathrooms
8
Total area
14,784 SF
Lot
0.09 ac (3,717 SF)
Zoning code
B-4 CENTRAL BUSINESS
APN
W-000-0127-004
UPID
US87-0735154
Jurisdiction
RICHMOND CITY
Zoning & alternative use
B-4 CENTRAL BUSINESS · Richmond, VA
Zoning B-4 CENTRAL BUSINESS · permitted uses
B-4 CENTRAL BUSINESS · Richmond, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richmond. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1915
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
4
Units
16
Rooms
6
Bathrooms
8
Lot
0.09 ac
Current owner
From public records · entity-resolved
Mark G Szafranksi
Individual
Free & Clear · 10 yrs held
Mailing address
117 W BROAD ST, RICHMOND, VA 23220-4214
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2021
—
Historic Broad Pioneers LLC
—
Deed
related
$2,750,000 · Village Bank
Jan 20, 2016
—
Mark G Szafranksi
Szafranski,mark G
Quit Claim Deed
related
—
—
—
Historic Broad Pioneers LLC
—
Deed Of Trust
related
$2,650,000 · Essex Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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