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Property profile & analytics
FOR LEASE
Apartment buildings

4010 W Broad St Richmond, VA 23220

21,954 SF 4.79 ac lot Built 1960
Entity Owned 10-yr Hold Absentee Owner Free & Clear
Property ID
US87-0879778
Property summary
AI-generated overview

This exceptional new construction, mixed-use development, Belmont on Broad, presents a prime retail investment opportunity in Richmond, Virginia. Located at 4010 W. Broad Street, this two-building complex boasts a total of 8,000 square feet across four stories. Currently under construction, the property offers multiple tenancy options with five suites available, ranging from a minimum of 934 square feet to a maximum contiguous space of 1,202 square feet. A significant 3,158 square feet of retail space is currently vacant, providing immediate occupancy potential for businesses seeking high-visibility locations. The property's strategic placement along West Broad Street ensures excellent exposure and accessibility. This mixed-use development in Richmond County (zip code 23220) offers a unique chance to establish a presence in a vibrant and growing area. The building's design and construction are brand new, promising modern amenities and efficient layouts. Interested parties should note that the property is currently under development. This presents a rare opportunity to secure space in a high-demand location before completion. Contact us to learn more about leasing options and explore the possibilities of establishing your business at Belmont on Broad.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (100+ UNITS)
Year built 1960
Construction TYPE NOT SPECIFIED
Total area 21,954 SF
Lot 4.79 ac (208,652 SF)
Zoning code B-3 GENERAL BUSINESS
APN N-000-1940-004
UPID US87-0879778
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
  • Brocade Wedding Salon Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.90M
Owner & transaction history
2252 LLC · 10 yrs held
2252 LLC
since 2016
2 recorded transactions
2020
Price N/A
2016
$5.1M
Zoning & alternative use
B-3 GENERAL BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $4.0M +13.3%
Medical building $3.7M +3.6%
Neighborhood: shopping center $3.6M +2.2%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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