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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Investment properties
18 Broad St Richmond, VA 23220-4213
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US87-0065860
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Construction
TYPE NOT SPECIFIED
Total area
8,046 SF
Lot
0.05 ac (2,289 SF)
Zoning code
B-4 CENTRAL BUSINESS
APN
N-000-0076-057
UPID
US87-0065860
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
-
Barky's (Bike/Boat/Book/etc) Store
-
Rushing Blooms (Bike/Boat/Book/etc) Store Florist
-
Christian Nannies Unlimited Social Service Agency Charitable Organization
-
The Sideshow Apartment Rental Agency Art Gallery
-
Quirks Handcrafted Goods & Unique Gifts (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
$1.55M
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.30M
Owner & transaction history
Countrywide Property Management LLC · 2 yrs held
Countrywide Property Management LLC
since 2024
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
B-4 CENTRAL BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.0M
+36.4%
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 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
$1,300,000
ML approach
$1,300,000
CAP Approach
CAP Return
Estimation
6%
$1,675,000
6.5%
$1,545,000
7%
$1,435,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,485,000
Current use
RETAIL STORES
$2,025,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,465,000
Change: -1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,390,000
Change: -6% · Conversion: Moderate
MEDICAL BUILDING
$1,340,000
Change: -10% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,320,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10% · vs last sale $1.30M (Jun 5 2024)
Last sale anchor
$1.30M
Jun 5 2024
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
$162 / 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
$1,029,000
Assessed 2024
Previous assessed
$1,029,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$147,000
Assessed improvement
$882,000
Land market value
$147,000
Improvement market value
$882,000
Total market value
$1,029,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
3
Bathrooms
4
Total area
8,046 SF
Lot
0.05 ac (2,289 SF)
Zoning code
B-4 CENTRAL BUSINESS
APN
N-000-0076-057
UPID
US87-0065860
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
$1.5M
RETAIL STORES
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1920
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
3
Bathrooms
4
Lot
0.05 ac
Current owner
From public records · entity-resolved
Countrywide Property Management LLC
Entity
Mailing address
12962 PINEHURST GRNS CT, FAIRFAX, VA 22033-2018
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2024
$1,300,000
Countrywide Property Management LLC
18 W Broad Street LLC
Warranty Deed
$1,105,000 · First Citizens Bank & Trust Company
Dec 15, 2020
$940,000
18 W Broad Street LLC
C & L Hldgs LLC
Warranty Deed
—
Dec 15, 2020
—
18 W Broad Street LLC
—
Deed
related
$752,000 · Chesapeake Bank
May 19, 2005
$598,500
Arachri,jeannette D
Renmark,ronald E & Carole R
Grant Deed
—
—
—
18 W Broad Street LLC
—
Deed Of Trust
related
$752,000 · Chesapeake 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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