Financial
Distress signals
Property profile

2711 W Broad St Richmond, VA 23220

FOR LEASE
Investment properties
Property ID
US87-1293932
8,934 SF 0.28 ac lot Built 1920
Last sale May 2015 · $735,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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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

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$20
Tax billed · 2020
Assessed value · 2024$1.58M
Assessed land$1.03M
Assessed improvement$547k
Effective rate0.00%

Value estimate

· Sep 2026
$1.04M
$936k – $1.14M
Sales comparison$732k
NOI build-up
Gross scheduled income$152k
Vacancy & credit loss−$13k
Operating expenses−$42k
NOI · 2,600.19% cap applied$98k

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

Recently sold

What actually traded nearby?
$184/SF
ZIP average, outlier-cleaned · 87 recorded sales of this use type
Observed band · Q1–Q3$131 – $314
Qualifying comparables5

Cap rate analysis

How does the asset earn?
2,600.19%
$98k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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

2711 W Broad St Richmond, VA 23220
County assessor Recorded deeds · 6 transfers 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 · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
423 Broad, Richmond, VA 23220-4220 $809,221 Jun 2025 4,623 SF
304 Adams, Richmond, VA 23220-4261 $1,450,000 Apr 2025 7,124 SF
314 Brk, Richmond, VA 23220-4225 $1,450,000 Apr 2025 6,090 SF
18 Broad, Richmond, VA 23220-4213 $1,300,000 Jun 2024 8,046 SF
228 Broad, Richmond, VA 23220-4217 $925,000 Apr 2024 5,140 SF
2020 Monument, Richmond, VA 23220-2717 $1,250,000 Mar 2024 5,752 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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