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    Property profile & analytics

    4920 Broad St Richmond, VA 23230-3115

    • Drive through restaurants
    • 4,929 SF
    • 1.97 lot acres
    OFF-MARKET
    Last Sale
    May 01, 2023
    $5,143,000
    Value Estimations
    $4,095,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0970318
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Chick-fil-A / Restaurant / Take-out & Catering

    Property Details for 4920 Broad St

    Year built
    2017
    Lot size
    1.97 lot acres
    Property size
    4,929 SF
    Zone code
    M-1
    Property type
    Drive through restaurants
    APN
    774-737-0662
    APU
    7747370662

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,050,000
      ML approach
      $3,895,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Henrico
    State
    Virginia
    Longitude
    -77.4952
    Latitude
    37.5839
    CBSA code
    40060
    CBSA name
    RICHMOND, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $25,385
    $1,080,800
    $1,977,600
    $3,058,400
    -
    $1,080,800
    $1,977,600
    $3,058,400

    Comparable in this City

    • Value Estimation
      $4,250,000
      3,733 SF

      921 Myers St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,733 SF
      921 Myers St, Richmond, VA 23230-4812
      View Details
    • Value Estimation by Request
      3,025 SF

      4805 Broad St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,025 SF
      4805 Broad St, Richmond, VA 23230-3102
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    • Value Estimation by Request
      3,367 SF

      5400 Broad St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,367 SF
      5400 Broad St, Richmond, VA 23230-2630
      View Details
    • Value Estimation by Request
      3,014 SF

      4800 Broad St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,014 SF
      4800 Broad St, Richmond, VA 23230-3103
      View Details
    • Value Estimation by Request
      2,690 SF

      4930 Broad St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,690 SF
      4930 Broad St, Richmond, VA 23230-3122
      View Details
    • Value Estimation
      $1,170,000
      3,017 SF

      5000 Broad St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,017 SF
      5000 Broad St, Richmond, VA 23230-3006
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,323 SF

      Restaurant with Drive Thru

      3,323 SF restaurant with drive-thru for sale.
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      9,492 SF

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      Prime Richmond location, high-traffic area.
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      5,978 SF

      Updated Office Building on Broad

      Recently updated office building with excellent frontage and ample parking.
      4912 W Broad St, Richmond, VA 23230
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    • $650,000
      1.24 Acres

      Richmond Development Land - 1.2 Acres

      Prime B-3 zoned land, near I-64 & W. Broad.
      6504 Dickens Pl, Richmond, VA 23230
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    • Contact for pricing
      3.10 Acres

      Richmond Industrial Land - 3 Acres

      Prime Richmond location, M-1 zoning, build-to-suit options.
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    Similar Nearby for Lease

    • Contact for pricing

      Restaurant Space with Drive-Through

      Restaurant space available with drive-through and patio.
      6291 West Broad Street Rd, Richmond, VA 23230
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    • Contact for pricing
      5,271 SF

      Prime Richmond Retail Space

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      2,261 SF

      Richmond Executive Office Space

      Prime Richmond location, 2,261 sq ft.
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      34,767 SF

      Wilton Square Retail Space Available

      Richmond, VA Retail Center - 2,473 SF Available
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      7,200 SF

      Historic Scott's Addition Retail Space

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      1600 Altamont Ave, Richmond, VA 23230
      View Details
    • Contact for pricing
      2,393 SF

      Retail Space in Scotts Addition

      Retail space for lease with patio and parking availability.
      1661 Roseneath Rd, Richmond, VA 23230
      View Details
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    4920 Broad St
    Richmond, VA 23230-3115
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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