Property profile

5211 W Broad St Richmond, VA 23230

FOR LEASE
Office buildings
Property ID
US87-0807121
39,944 SF 1.38 ac lot Built 1971
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 24,645-square-foot executive office space is located at 5211 West Broad Street in Richmond, Virginia, within the desirable Willow Lawn area of Henrico County (zip code 23230). The property is a single-tenant occupancy offering a significant contiguous floor plate, one of the largest available in the immediate area. Currently entirely vacant, the space becomes available for occupancy beginning January 2024, presenting a unique opportunity for a business seeking substantial, modern office accommodations. The building's total square footage is 24,645 square feet, all of which is available for lease. This presents flexibility for a large organization or the potential to subdivide the space into smaller units, with the possibility of creating units as small as 7,500 square feet. The property's address is 5211 W Broad St, Richmond, VA 23230, and its precise coordinates are latitude 37.5850666 and longitude -77.4984145. This prime location offers excellent accessibility and visibility within a thriving commercial district. The property is classified as an office building with an executive office subtype. Interested parties should act quickly to secure this rare opportunity.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1971
Total area 39,944 SF
Lot 1.38 ac (60,113 SF)
Zoning code B-2
APN 773-738-0810
UPID US87-0807121

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Charitable Organization Social Service Agency
  • Physician
  • Medical Clinic
  • Physician
  • Physician

Location

5211 W Broad St Richmond, VA 23230
Richmond metro Census 200301 RICHMOND, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
$1.43M

Owner & transaction history

since 2004
1 recorded transaction
2004
Price N/A

Zoning & alternative use

B-2 · Richmond, VA
Zoning description

Screening regulations in the B-2 Community Business District shall be as follows: (1) Where a side lot line abuts property in an R district, there shall be a continuous evergreen vegetative screen not less than 31⁄2 feet…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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