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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Specialty properties
2033 Broad St Richmond, VA 23220-2005
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1008105
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1922
Construction
TYPE NOT SPECIFIED
Total area
10,431 SF
Lot
0.16 ac (6,840 SF)
Zoning code
UB-PO4 PARKING OVERLAY
APN
W-000-0911-011
UPID
US87-1008105
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$522k
Blend (final)
Blend
$800k
Owner & transaction history
2033 W Broad LLC · 1 yrs held
2033 W Broad LLC
since 2024
Last sale
$800,000
1 recorded transaction
Zoning & alternative use
UB-PO4 PARKING OVERLAY · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+146.2%
Retail stores
$1.1M
+123.5%
Industrial (general)
$1.0M
+104.0%
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
$800,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$510,000
Current use
RESTAURANT
$1,255,000
Change: +146% · Conversion: Difficult
RETAIL STORES
$1,140,000
Change: +123% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,040,000
Change: +104% · Conversion: Difficult
OFFICE BUILDING
$940,000
Change: +84% · Conversion: Difficult
COMMERCIAL (GENERAL)
$930,000
Change: +82% · Conversion: Difficult
MEDICAL BUILDING
$600,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Sep 4 2024)
Last sale anchor
$800k
Sep 4 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
$77 / 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
$14,964
Tax year 2023
Assessed value
$1,247,000
Assessed 2024
Previous assessed
$1,247,000
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$650,000
Assessed improvement
$597,000
Land market value
$650,000
Improvement market value
$597,000
Total market value
$1,247,000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1922
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
3
Rooms
11
Bathrooms
2
Total area
10,431 SF
Lot
0.16 ac (6,840 SF)
Zoning code
UB-PO4 PARKING OVERLAY
APN
W-000-0911-011
UPID
US87-1008105
Jurisdiction
RICHMOND CITY
Zoning & alternative use
UB-PO4 PARKING OVERLAY · Richmond, VA
Zoning UB-PO4 PARKING OVERLAY · permitted uses
UB-PO4 PARKING OVERLAY · 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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$510,000
RESTAURANT
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING
Est. value
$940,000
COMMERCIAL (GENERAL)
Est. value
$930,000
MEDICAL BUILDING
Est. value
$600,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
RESTAURANT
RETAIL STORES
INDUSTRIAL (GENERAL)
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1922
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
3
Rooms
11
Bathrooms
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
2033 W Broad LLC
Entity
Mailing address
15 ROBIN RD, RICHMOND, VA 23226-3221
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2024
$800,000
2033 W Broad LLC
Carolyn L Louie
Special Warranty Deed
$829,854 · Shockoprops LLC
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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