Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$8,410,000
Super regional malls
12250 Broad St Henrico, VA 23233-1062
Entity Owned
9-yr Hold
Free & Clear
Property ID
US87-2525955
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2018
Total area
58,446 SF
Lot
12.71 ac (553,778 SF)
Zoning code
B-3C
APN
731-765-7981
UPID
US87-2525955
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
by Request
CAP Approach
CAP
$11.67M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.41M
Owner & transaction history
Mcp West Broad Marketplace LLC · 9 yrs held
Mcp West Broad Marketplace LLC
since 2017
2 recorded transactions
Zoning & alternative use
B-3C · Henrico, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.6M
+10.9%
Medical building
$9.7M
+1.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$12,635,000
6.5%
$11,665,000
7%
$10,830,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$9,600,000
Current use
AUTO REPAIR, GARAGE
$10,645,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$9,735,000
Change: +1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,395,000
Change: -2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,230,000
Change: -4% · Conversion: Easy
OFFICE BUILDING
$8,645,000
Change: -10% · Conversion: Moderate
RETAIL STORES
$8,420,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$8.41M
Range $7.57M – $9.25M · ±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
$144 / 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
$261,577
Tax year 2023
Assessed value
$30,241,800
Assessed 2024
Previous assessed
$31,305,700
-3.4% YoY
Effective rate
0.86%
On assessed value
Assessed land
$6,521,200
Assessed improvement
$23,720,600
Land market value
$6,521,200
Improvement market value
$23,720,600
Total market value
$30,241,800
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2018
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
58,446 SF
Lot
12.71 ac (553,778 SF)
Zoning code
B-3C
APN
731-765-7981
UPID
US87-2525955
Jurisdiction
HENRICO
Zoning & alternative use
B-3C · Henrico, VAZoning 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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$9.6M
AUTO REPAIR, GARAGE
Est. value
$10.6M
MEDICAL BUILDING
Est. value
$9.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.4M
COMMERCIAL (GENERAL)
Est. value
$9.2M
OFFICE BUILDING
Est. value
$8.6M
RETAIL STORES
Est. value
$8.4M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
2018
Heating
NONE
Cooling
Yes
Stories
1
Lot
12.71 ac
Current owner
From public records · entity-resolved
Mcp West Broad Marketplace LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1945 OLD GALLOWS RD STE #300, VIENNA, VA 22182-3931
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2017
$74,000
Mcp West Broad Marketplace LLC
Excel West Broad Marketplace L
Grant Deed
—
Mar 10, 2017
—
Excel West Broad Marketplace L
Excel West Broad Marketplace L
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 12250 Broad St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
