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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Retail residential properties
209 Broad St Richmond, VA 23219-1735
Entity Owned
10-yr Hold
Free & Clear
Property ID
US87-0039818
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1915
Construction
TYPE NOT SPECIFIED
Total area
5,819 SF
Lot
0.06 ac (2,590 SF)
Zoning code
B-4 CENTRAL BUSINESS
APN
W-000-0049-004
UPID
US87-0039818
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
-
B.F.F Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Altamira Film Co. Film Production Television Studio
-
ISHQ Fine Arts Gallery Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$933k
Blend (final)
Blend
$895k
Owner & transaction history
Urbancore Holdings LLC · 10 yrs held
Urbancore Holdings LLC
since 2015
7 recorded transactions
Zoning & alternative use
B-4 CENTRAL BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+54.5%
Medical building
$970,000
+41.3%
Neighborhood: shopping center
$955,000
+39.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,210,000
6.5%
$1,120,000
7%
$1,040,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$685,000
Current use
AUTO REPAIR, GARAGE
$1,060,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$970,000
Change: +41% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$955,000
Change: +39% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$935,000
Change: +36% · Conversion: Moderate
OFFICE BUILDING
$860,000
Change: +25% · Conversion: Easy
RETAIL STORES
$840,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$895k
Range $806k – $985k · ±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
$154 / 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
$1,221,000
Assessed 2024
Previous assessed
$1,221,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$174,000
Assessed improvement
$1,047,000
Land market value
$174,000
Improvement market value
$1,047,000
Total market value
$1,221,000
Applied tax rate
6.0000
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
3
Bathrooms
3
Total area
5,819 SF
Lot
0.06 ac (2,590 SF)
Zoning code
B-4 CENTRAL BUSINESS
APN
W-000-0049-004
UPID
US87-0039818
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
$685,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$970,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$955,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$935,000
OFFICE BUILDING
Est. value
$860,000
RETAIL STORES
Est. value
$840,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1915
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
3
Bathrooms
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
Urbancore Holdings LLC
Entity
Free & Clear · 10 yrs held
Mailing address
409 E MAIN ST STE #100, RICHMOND, VA 23219-3845
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2020
—
Urbancore Holdings LLC
—
Deed
related
$750,000 · Virginia Commerce Bank
Aug 17, 2020
—
Urbancore Holdings LLC
—
Deed
related
$750,000 · Virginia Commerce Bank
Jul 30, 2015
$220,000
Urbancore Holdings LLC
Baw Ents INC Of Southside
Grant Deed
—
Feb 11, 2003
$197,000
Bayou Properties
J S Young Co
Grant Deed
—
—
—
Urbancore Holdings LLC
—
Deed Of Trust
related
$750,000 · Community Capital Bk/va
—
—
Urbancore Hldgs LLC
—
Deed Of Trust
related
$750,000 · Virginia Commerce Bk
—
—
Urbancore Hldgs LLC
—
Deed Of Trust
related
$750,000 · Virginia Commerce 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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