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Property profile & analytics
OFF-MARKET
Estimated value
$2,355,000
Strip malls
5215 Broad St 1 Richmond, VA 23230-3009
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-2357441
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2014
Total area
9,380 SF
Lot
0 ac (150 SF)
Zoning code
R-6C
APN
772-738-8719.001
UPID
US87-2357441
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
-
CareNow Urgent Care - Willow Lawn Medical Clinic
-
Dr. Paulo Gazoni Physician
-
Kelly Leese Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.28M
CAP Approach
CAP
$1.87M
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$2.36M
Owner & transaction history
Broad Byrd LLC · 4 yrs held
Broad Byrd LLC
since 2022
Last sale
$2.8M
2 recorded transactions
Zoning & alternative use
R-6C · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Restaurant
$2.6M
+71.3%
Auto repair, garage
$1.7M
+10.9%
Medical building
$1.6M
+1.4%
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 Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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
Method
Estimation
Statistic approach
$2,450,000
ML approach
$2,275,000
CAP Approach
CAP Return
Estimation
6%
$2,030,000
6.5%
$1,870,000
7%
$1,740,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,540,000
Current use
RESTAURANT
$2,640,000
Change: +71% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,710,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$1,565,000
Change: +1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,510,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$2.36M
Range $2.12M – $2.59M · ±10% · vs last sale $2.80M (Feb 17 2022)
Last sale anchor
$2.80M
Feb 17 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$251 / SF
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 2023Property tax & assessments
Tax year 2023
Tax billed
$22,169
Tax year 2023
Assessed value
$2,608,100
Assessed 2024
Previous assessed
$2,608,100
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$668,700
Assessed improvement
$1,939,400
Land market value
$668,700
Improvement market value
$1,939,400
Total market value
$2,608,100
Applied tax rate
3.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2014
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
9,380 SF
Lot
0 ac (150 SF)
Zoning code
R-6C
APN
772-738-8719.001
UPID
US87-2357441
Jurisdiction
HENRICO
Zoning & alternative use
R-6C · Richmond, VAZoning R-6C · permitted uses
R-6C · Richmond, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.5M
RESTAURANT
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2014
Heating
NONE
Cooling
Yes
Stories
1
Lot
0 ac
Current owner
From public records · entity-resolved
Broad Byrd LLC
Entity
Mailing address
1701 BYRD AVE, RICHMOND, VA 23230-3011
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2022
$2,800,000
Broad Byrd LLC
5215 West Broad Commercial LLC
Warranty Deed
—
Dec 30, 2013
—
5215 West Broad Commercial LLC
—
Deed Of Trust
related
$1,825,000 · Stellarone Bank
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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