5 Holly Hl Dr Petersburg, VA 23805-2559
Property profile & analytics
5 Holly Hl Dr Petersburg, VA 23805-2559
- Investment properties
- 3,249 SF
- 0.70 lot acres
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.
Location Intelligence
Current Use by Public Records
- Royal Excellence Barber & Cosmetologist Parlor / Barber Shop
- Infant Jesus Children's Clinic: Dizon Hermes MD / Medical Clinic / Pediatrician
- Dr. Tamara Charity-Brown / Pediatrician / Medical Clinic
- Divine Arch Brow Studio / Cosmetic Store / Beauty School
- #MamaRoseDidThat / Hair Salon / Nail 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 Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
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
