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Property profile & analytics
OFF-MARKET
Investment properties
5 Holly Hl Dr Petersburg, VA 23805-2559
Individually Owned
Absentee Owner
Free & Clear
Property ID
US87-1513941
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1967
Total area
3,249 SF
Lot
0.7 ac (30,488 SF)
Zoning code
B-2
APN
65010001
UPID
US87-1513941
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
-
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
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#MamaRoseDidThat Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
PLUSH SALONS PLATINUM
PLUSH SALONS PLATINUM
Zoning & alternative use
B-2 · Petersburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Petersburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Petersburg 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2019Property tax & assessments
Tax year 2019
Tax billed
$4,509
Tax year 2019
Assessed value
$289,900
Assessed 2024
Previous assessed
$289,900
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$89,400
Assessed improvement
$200,500
Land market value
$89,400
Improvement market value
$200,500
Total market value
$289,900
Applied tax rate
1.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1967
Heating
WOOD FURNACE
Cooling
YES
Stories
1
Rooms
4
Bathrooms
2
Total area
3,249 SF
Lot
0.7 ac (30,488 SF)
Zoning code
B-2
APN
65010001
UPID
US87-1513941
Jurisdiction
PETERSBURG CITY
Zoning & alternative use
B-2 · Petersburg, VA
Zoning B-2 · permitted uses
B-2 · Petersburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Petersburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1967
Heating
WOOD FURNACE
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
2
Lot
0.7 ac
Current owner
From public records · entity-resolved
PLUSH SALONS PLATINUM
Individual
Free & Clear · 0 yrs held
Mailing address
1325 S EUGENE ST, GREENSBORO, NC 27406-1470
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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