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Financial
Distress signals
Property profile

2343 Broad St Richmond, VA 23220

OFF-MARKET
Retail space
Property ID
US87-0701583
4,420 SF 0.38 ac lot Built 1940
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional multi-tenant retail property in Richmond, VA, offers a compelling value-add investment opportunity. The 8,110 square foot asset comprises two single-tenant buildings on a 0.7-acre lot, featuring a rare 56-space off-street parking lot at the corner of West Broad Street and North Davis Avenue. Currently 100% occupied by two tenants under net leases with annual escalations and a weighted average lease term of 5.2 years, extending to April 2027, this property provides immediate…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$20
Tax billed · 2020
Assessed value · 2024$2.39M
Assessed land$1.25M
Assessed improvement$1.14M
Effective rate0.00%

Value estimate

· Oct 2026
$880k
$792k – $968k
CAP approach$740k
Submarket $/SF estimate$802k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$251/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$164 – $416
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
UB-PO4 PARKING OVERLAY
JurisdictionRICHMOND CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Dry Cleaner
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dry Cleaner9.9
Watch Repair Shop8.9
Shoe Repair8.7

Location

2343 Broad St Richmond, VA 23220-2009
County assessor Recorded deeds · not on file 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
106 Robinson, Richmond, VA 23220-5128 $1,530,000 Feb 2025 5,633 SF
201 Belvidere, Richmond, VA 23220-4249 $1,348,608 Dec 2023 3,276 SF
2701 Cary, Richmond, VA 23220-5120 $1,745,000 Jul 2023 4,550 SF
1607 Broad, Richmond, VA 23220-2106 $225,000 Apr 2023 4,954 SF
1625 Main, Richmond, VA 23220-4632 $925,000 Sep 2022 3,840 SF
1305 Main, Richmond, VA 23220-4851 $14,550,000 Dec 2021 3,388 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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