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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Investment properties
2711 Broad St Richmond, VA 23220-1905
Entity Owned
6-yr Hold
Free & Clear
Property ID
US87-1293932
Property summary
AI-generated overview
This exceptional executive office space, located at 2711 W. Broad St in Richmond, Virginia, offers a unique blend of historic charm and modern functionality. The property, built in 1920, boasts a total of 14,934 square feet and is situated on a 0.15-acre lot. Currently, 6,000 square feet of flexible space is available for lease, perfect for businesses seeking a prestigious address in a thriving area. The space is divisible to a minimum of 3,000 square feet and offers a maximum contiguous space of 6,000 square feet, providing adaptability for various business needs. The building's zoning is UB-PO4 PAR, allowing for a range of commercial uses. This multi-tenant building presents an excellent opportunity for businesses seeking a well-located, adaptable space in Henrico County. The property's convenient location in Richmond, VA (zip code 23223) provides easy access to major transportation routes and amenities. This is a rare opportunity to secure high-quality office space in a desirable location with a rich history. The property is classified as Retail and Office, specifically Executive Office and Commercial. Inquire today to learn more about this exceptional leasing opportunity.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Construction
TYPE NOT SPECIFIED
Total area
8,934 SF
Lot
0.28 ac (12,253 SF)
Zoning code
UB-PO4 PARKING OVERLAY
APN
W-000-1214-025
UPID
US87-1293932
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
-
Topboy Bar & Pub
-
Fresh Word Ministries Church Mosque
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$732k
Blend (final)
Blend
$1.04M
Owner & transaction history
2700 Broad Props LLC · 6 yrs held
2700 Broad Props LLC
since 2020
6 recorded transactions
Zoning & alternative use
UB-PO4 PARKING OVERLAY · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,645,000
Current use
AUTO REPAIR, GARAGE
$1,625,000
Change: -1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,545,000
Change: -6% · Conversion: Moderate
MEDICAL BUILDING
$1,490,000
Change: -10% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,470,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±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
$116 / 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
$1,575,000
Assessed 2024
Previous assessed
$1,377,000
+14.4% YoY
Effective rate
0.00%
On assessed value
Assessed land
$1,028,000
Assessed improvement
$547,000
Land market value
$1,028,000
Improvement market value
$547,000
Total market value
$1,575,000
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
Buildings
2
Stories
2
Total area
8,934 SF
Lot
0.28 ac (12,253 SF)
Zoning code
UB-PO4 PARKING OVERLAY
APN
W-000-1214-025
UPID
US87-1293932
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
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
COMMERCIAL (GENERAL) Current
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
2
Buildings
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
2700 Broad Props LLC
Entity
Free & Clear · 6 yrs held
Mailing address
5732 ARDINGTON BLVD, GLEN ALLEN, VA 23059-7623
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2020
—
2700 Broad Props LLC
—
Deed
related
$851,000 · Virginia Cu
Jun 24, 2020
—
2700 Broad Props LLC
2700 Broad Props LLC
Quit Claim Deed
related
—
May 15, 2015
$735,000
2700 Broad Props LLC
Broad Street Bros LLC
Grant Deed
$585,000 · Virginia Cu
May 5, 2009
—
Broad Street Bros LLC
Tyndall,william B JR
Grant Deed
related
—
Aug 11, 2005
$2,000
Tyndall,william B JR & Mark K
Melton,jeree S
Grant Deed
related
—
—
—
2700 Broad Props LLC
—
Deed Of Trust
related
$851,000 · Virginia Cu
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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