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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Retail residential properties
308 Broad St Richmond, VA 23219-1738
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US87-1098394
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1920
Construction
WOOD
Total area
6,577 SF
Lot
0.1 ac (4,372 SF)
Zoning code
B-4 CENTRAL BUSINESS
APN
N-000-0026-026
UPID
US87-1098394
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
-
Clipper Kings Barber shop Barber Shop
-
Kinky Cardio Gym & Fitness Center
-
Ideal Bodyworks Alternative Medicine Practice Spa & Massage Center
-
Super Fast Tax Refund Tax Preparation
-
Xquisite Travels 365, LLC Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.27M
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$1.18M
Owner & transaction history
JR Coml Properties LLC · 15 yrs held
JR Coml Properties LLC
since 2010
Last sale
$1.2M
3 recorded transactions
Zoning & alternative use
B-4 CENTRAL BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+138.8%
Auto repair, garage
$1.2M
+54.5%
Medical building
$1.1M
+41.3%
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%
$1,370,000
6.5%
$1,265,000
7%
$1,175,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$775,000
Current use
RESTAURANT
$1,850,000
Change: +139% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,200,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$1,095,000
Change: +41% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,080,000
Change: +39% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,055,000
Change: +36% · Conversion: Moderate
OFFICE BUILDING
$975,000
Change: +25% · Conversion: Easy
RETAIL STORES
$950,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10% · vs last sale $1.22M (Jan 2 2026)
Last sale anchor
$1.22M
Jan 2 2026
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
$179 / 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
$1,121,000
Assessed 2024
Previous assessed
$1,121,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$262,000
Assessed improvement
$859,000
Land market value
$262,000
Improvement market value
$859,000
Total market value
$1,121,000
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
1920
Construction
WOOD
Heating
YES
Stories
3
Units
6
Rooms
12
Bathrooms
3
Total area
6,577 SF
Lot
0.1 ac (4,372 SF)
Zoning code
B-4 CENTRAL BUSINESS
APN
N-000-0026-026
UPID
US87-1098394
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
$775,000
RESTAURANT
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$975,000
RETAIL STORES
Est. value
$950,000
COMMERCIAL (GENERAL) Current
RESTAURANT
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
1920
Construction
WOOD
Heating
YES
Stories
3
Units
6
Rooms
12
Bathrooms
3
Lot
0.1 ac
Current owner
From public records · entity-resolved
JR Coml Properties LLC
Entity
Mailing address
600 BALDWIN RD, HENRICO, VA 23229-6816
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2010
$154,000
JR Coml Properties LLC
Citizens & Farmers Bk
Grant Deed
$115,000 · Branch Bk&tr
Jul 29, 2010
$390,000
Citizens & Farmers Bk
Jones Hamill D JR
Trustees Deed
related
—
Jun 14, 2007
$575,000
Prodity Prtnshp
Dianne Thodus
Warranty Deed
$450,000 · Citizens & Farmers Bank
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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