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Property profile & analytics
OFF-MARKET
Estimated value
$3,320,000
Office Spaces
3304 Broad St Richmond, VA 23230-5008
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-3892242
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1900
Construction
TYPE NOT SPECIFIED
Total area
12,895 SF
Lot
0.33 ac (14,190 SF)
Zoning code
B-3 GENERAL BUSINESS
APN
N-000-1781-017
UPID
US87-3892242
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.34M
CAP Approach
CAP
$2.48M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.32M
Owner & transaction history
3300 West Broad Street LLC · 3 yrs held
3300 West Broad Street LLC
since 2022
Last sale
$3.8M
5 recorded transactions
Zoning & alternative use
B-3 GENERAL BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.6M
+176.8%
Auto repair, garage
$2.4M
+79.2%
Medical building
$2.2M
+63.8%
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
$3,285,000
ML approach
$3,340,000
CAP Approach
CAP Return
Estimation
6%
$2,685,000
6.5%
$2,475,000
7%
$2,300,000
Alternative Use
Use
Estimation
RESTAURANT
$3,630,000
Change: +177% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,350,000
Change: +79% · Conversion: Difficult
MEDICAL BUILDING
$2,150,000
Change: +64% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,120,000
Change: +62% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,075,000
Change: +58% · Conversion: Moderate
Blend value · Realmo final
$3.32M
Range $2.99M – $3.65M · ±10% · vs last sale $3.75M (Dec 30 2022)
Last sale anchor
$3.75M
Dec 30 2022
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
$257 / 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
$3,094,000
Assessed 2024
Previous assessed
$2,891,000
+7.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$1,139,000
Assessed improvement
$1,955,000
Land market value
$1,139,000
Improvement market value
$1,955,000
Total market value
$3,094,000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1900
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Bathrooms
2
Total area
12,895 SF
Lot
0.33 ac (14,190 SF)
Zoning code
B-3 GENERAL BUSINESS
APN
N-000-1781-017
UPID
US87-3892242
Jurisdiction
RICHMOND CITY
Zoning & alternative use
B-3 GENERAL BUSINESS · Richmond, VA
Zoning B-3 GENERAL BUSINESS · permitted uses
B-3 GENERAL 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
RESTAURANT
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1900
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
3300 West Broad Street LLC
Entity
Mailing address
4200 PLEASANT VLY RDA, CHANTILLY, VA 20151-1211
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2022
$3,750,000
3300 West Broad Street LLC
The Highpoint Collective LLC
Special Warranty Deed
$3,000,000 · Truist Bank
Jun 27, 2017
—
The Highpoint Collective LLC A Virg
—
Deed
related
$1,676,123 · Chesapeake Bank
Dec 20, 2012
$600,000
Highpoint Collective LLC
Sat Ptshp
Grant Deed
$420,000 · Sat Ptshp
Aug 21, 2012
—
Sat Ptshp
West End Prop Mgmt LLC
Deed In Lieu Of Foreclosure
related
—
Sep 1, 2005
$835,000
West End Property Mngt LLC
Sat Partnership
Grant Deed
$715,000 · Butler-atkinson Ptshp
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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