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    Property profile & analytics

    5 Holly Hl Dr Petersburg, VA 23805-2559

    • Investment properties
    • 3,249 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimation
    $240,000
    Location Intelligence
    Property ID
    US87-1513941
    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

    • Royal Excellence Barber & Cosmetologist Parlor / Barber Shop
    • Infant Jesus Children's Clinic: Dizon Hermes MD / Pediatric Clinic
    • Dr. Tamara Charity-Brown / Pediatrician
    • Divine Arch Brow Studio / Cosmetics Industry
    • #MamaRoseDidThat / Beauty Salon

    Property Details for 5 Holly Hl Dr

    Year built
    1967
    Lot size
    0.70 lot acres
    Property size
    3,249 SF
    Zone code
    B-2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    65010001
    APU
    65010001

    Description

    This exceptional Petersburg, VA retail property, located at 5 Holly Hill Dr., offers a compelling investment opportunity. The 3,249 square foot, single-story building, situated on a 0.7-acre lot (APN 065010001), is zoned B-2 and boasts a strong 6.03% cap rate with a NOI of $31,643. Originally constructed in 1967 and extensively renovated in 2020, the property features nine individual salon suites, a fully built-out lobby and waiting area, and a new HVAC system installed in 2023. Currently operating at 45% occupancy, this multi-tenant salon presents significant upside potential for increased revenue. The asking price is $525,000, translating to $161.59 per square foot. This prime location at the corner of S. Crater Rd. and Holly Hill Dr. in the Richmond area makes it an attractive prospect for both owner-users and investors seeking a high-cash-flow generating asset in a rapidly growing market segment. The property's strong financials and recent renovations make it a truly unique opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $205,000
      6.5%
      $200,000
      7%
      $195,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $200,000
      Geo Method
      $205,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $205,000
      Retail
      $165,000
      Mixed-Use
      $175,000
      Hospitality
      $200,000
      Educational
      $160,000
      Residential Income
      $180,000
      Energy
      $205,000
      Income-Based Land
      $185,000
      Food Service
      $160,000

    Location Insight

    • Map
    • Local Demand
    City
    Petersburg
    County
    Petersburg City
    State
    Virginia
    Longitude
    -77.377
    Latitude
    37.1994
    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
    2019
    $4,509
    $89,400
    $200,500
    $289,900
    -
    $89,400
    $200,500
    $289,900

    Comparable in this City

    • Value Estimation
      $385,000
      5,496 SF

      21 Walnut Blvd

      STORE/OFFICE (MIXED USE) • 5,496 SF
      21 Walnut Blvd, Petersburg, VA 23805-2101
      View Details
    • Value Estimation
      $210,000
      1,273 SF

      10707 Crater Rd

      STORE/OFFICE (MIXED USE) • 1,273 SF
      10707 Crater Rd, South Prince George, VA 23805-7337
      View Details
    • Value Estimation
      $365,000
      1,452 SF

      49 Morton Ave

      STORE/OFFICE (MIXED USE) • 1,452 SF
      49 Morton Ave, Petersburg, VA 23805-2751
      View Details
    • Value Estimation
      $385,000
      702 SF

      40 Seyler Dr

      STORE/OFFICE (MIXED USE) • 702 SF
      40 Seyler Dr, Petersburg, VA 23805-9244
      View Details
    • Value Estimation
      $375,000
      2,240 SF

      23 Seyler Dr

      STORE/OFFICE (MIXED USE) • 2,240 SF
      23 Seyler Dr, Petersburg, VA 23805-9243
      View Details
    • Value Estimation
      $410,000
      3,138 SF

      10300 Corporate Rd

      STORE/OFFICE (MIXED USE) • 3,138 SF
      10300 Corporate Rd, South Prince George, VA 23805-9212
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land I-95 Visibility

      12+ acres of subdividable commercial land with I-95 visibility.
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      View Details
    • Contact for pricing
      144.00 Acres

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      Prime Petersburg, VA land, ideal for subdivision. Easy I-95 access.
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      Prime Petersburg Commercial Land

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    Similar Nearby for Lease

    • Contact for pricing
      7,384 SF

      Retail Space on S Crater

      Retail spaces available, anchored by Citi Trends.
      2001-2043 S Crater Rd, Petersburg, VA 23805
      View Details
    • Contact for pricing
      993 SF

      Retail Space Near I-95

      Retail space available near I-95 and Southside Regional Hospital.
      2825 S Crater Rd, Petersburg, VA 23805
      View Details
    • $10 SF/Yr
      1,600 SF

      Retail Space in Pinehill Plaza

      Prime retail space in a well-trafficked shopping center.
      3333 S Crater Rd, Petersburg, VA 23805
      View Details
    • $12 SF/Yr
      2,034 SF

      Retail Space in South Crater

      Prime retail space in busy, established Petersburg shopping center.
      3330 S Crater Rd, Petersburg, VA 23805
      View Details
    • Contact for pricing
      13,100 SF

      Retail Building Near Major Roads

      13,100 SF retail building with ample parking available for lease.
      3120 S Crater Rd, Petersburg, VA 23805
      View Details
    • $14 SF/Yr
      50,328 SF

      Petersburg Retail Space For Lease

      Prime Petersburg retail, flexible space available.
      2120 Crater Rd, Petersburg, VA 23805
      View Details
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    5 Holly Hl Dr
    Petersburg, VA 23805-2559
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    Realmo Value Estimation

    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.

    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.

    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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