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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Banks
11720 Broad St, Henrico, VA 23233-1005
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-1356179
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2016
Total area
7,298 SF
Lot
1.53 ac (66,821 SF)
Zoning code
B-3C
APN
738-762-7348
UPID
US87-1356179
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$762k
Blend (final)
Blend
$605k
Owner & transaction history
SHORT PUMP TOWN CENTER LLC
SHORT PUMP TOWN CENTER LLC
Zoning & alternative use
B-3C · Henrico, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$850,000
+63.3%
Industrial (general)
$765,000
+47.0%
Restaurant
$750,000
+43.8%
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 Henrico submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Henrico 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
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$520,000
Current use
OFFICE BUILDING
$850,000
Change: +63% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$765,000
Change: +47% · Conversion: Difficult
RESTAURANT
$750,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$640,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$495,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$83 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$36,625
Tax year 2023
Assessed value
$4,412,600
Assessed 2024
Previous assessed
$4,412,600
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$1,924,400
Assessed improvement
$2,488,200
Land market value
$1,924,400
Improvement market value
$2,488,200
Total market value
$4,412,600
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2016
Heating
YES
Cooling
YES
Stories
1
Total area
7,298 SF
Lot
1.53 ac (66,821 SF)
Zoning code
B-3C
APN
738-762-7348
UPID
US87-1356179
Jurisdiction
HENRICO
Zoning & alternative use
B-3C · Henrico, VA
Zoning B-3C · permitted uses
B-3C · Henrico, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Henrico. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$520,000
OFFICE BUILDING
Est. value
$850,000
INDUSTRIAL (GENERAL)
Est. value
$765,000
RESTAURANT
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$640,000
COMMERCIAL (GENERAL)
Est. value
$495,000
FINANCIAL BUILDING Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2016
Heating
YES
Cooling
Yes
Stories
1
Lot
1.53 ac
Current owner
From public records · entity-resolved
SHORT PUMP TOWN CENTER LLC
Entity
Free & Clear · 0 yrs held
Mailing address
CHICAGO, IL 60610
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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