318 Broad St Richmond, VA 23220-4219
Entity Owned
Free & Clear
Estimated value (blended)
$715k
Range $644k – $787k (±10%)
Property ID
US87-0262931
Property summary
AI-generated overview
This exceptional, fully leased mixed-use investment property in Richmond, Virginia's Arts District presents a compelling opportunity. The 6,816 square foot building, constructed in 1910 and boasting a B-4 mixed-use zoning designation, comprises three units: 3,408 square feet of commercial space on the ground floor, leased through April 30, 2025, and two residential apartments above (a 1,300 sq ft one-bedroom and a 575 sq ft studio). Each apartment features granite countertops, hardwood floors, and in-unit laundry. The property enjoys 100% occupancy, generating a 2023 gross income of $75,326 and a net operating income (NOI) of $59,362, representing a 5.88% cap rate. Significant capital improvements completed in 2023 include a new HVAC system and sewer line replacement. The commercial lease includes recent rent escalation. This well-maintained property is situated on a 0.079-acre lot at 318 W Broad St, Richmond, VA 23220, offering excellent proximity to Virginia Commonwealth University (VCU) and thriving businesses. The asking price is $1,010,000, translating to $148.18 per square foot. This turnkey investment boasts strong rental history and a prime location.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1910
Construction
WOOD
Total area
6,816 SF
Lot
0.08 ac (3,434 SF)
Zoning code
B-4 CENTRAL BUSINESS
APN
N-000-0180-027
UPID
US87-0262931
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Data Center IT Consulting Firm
-
Advertising Agency Marketing & Advertising
-
Marketing & Advertising Advertising Agency
-
Hotel & Motel Resort
-
High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$891k
Blend (final)
Blend
$715k
Owner & transaction history
since 2026
5 recorded transactions
Zoning & alternative use
B-4 CENTRAL BUSINESS · Richmond, VA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 8 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$715k
Value range
$644k – $787k
±10% around blend
Estimated value / SF
$105 / SF
Confidence
High
8 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
80
$644k
blend $715k
$787k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,816 SF
Lot area
0.08 ac
Year built
1910
Stories
2
APN
N-000-0180-027
Assessed value
$812,000
Annual tax
$20
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.14M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.5 mi away · 5,952 SF
1.9 mi away · 4,968 SF
5.3 mi away · 6,544 SF
6.9 mi away · 5,772 SF
7.0 mi away · 6,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$715k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 87 sales
$184
-43%
Submarket 392 sales
$158
-34%
County 240 sales
$144
-27%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $105/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$812k
Move the market yield to see immediate price impact.
Value / SF
$119
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$51k
$1.02M
$731k
$568k
$57k
$1.14M
$812k
$632k
$63k
$1.25M
$893k
$695k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$1.22M
0.4 mi · Jan 2026 · $185/SF
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$20
Tax year 2020
Assessed value
$812,000
Assessed 2024
Previous assessed
$679,000
+19.6% YoY
Effective rate
0.00%
On assessed value
Assessed land
$388,000
Assessed improvement
$424,000
Land market value
$388,000
Improvement market value
$424,000
Total market value
$812,000
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1910
Construction
WOOD
Heating
YES
Stories
2
Bathrooms
0
Total area
6,816 SF
Lot
0.08 ac (3,434 SF)
Zoning code
B-4 CENTRAL BUSINESS
APN
N-000-0180-027
UPID
US87-0262931
Jurisdiction
RICHMOND CITY
Zoning & alternative use
B-4 CENTRAL BUSINESS · Richmond, VAZoning B-4 CENTRAL BUSINESS · permitted uses
B-4 CENTRAL BUSINESS · Richmond, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1910
Construction
WOOD
Heating
YES
Stories
2
Bathrooms
0
Lot
0.08 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B-4 CENTRAL BUSINESS
Jurisdiction
Richmond, VA
Recorded code
B-4 CENTRAL BUSINESS
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-4 CENTRAL BUSINESS in Richmond, VA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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