Back to Search
Property profile & analytics
FOR LEASE
Office buildings
6604 W Broad St Richmond, VA 23230
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-0821226
For Lease
1 / 3
$8,115,000
6604 W Broad St, Richmond, VA 23230
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Total area
80,400 SF
Lot
19.27 ac (839,358 SF)
Zoning code
O-3
APN
769-744-4118
UPID
US87-0821226
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
-
EXLService Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.26M
Blend (final)
Blend
$8.12M
Owner & transaction history
Millroseproperties Virginia LLC
Millroseproperties Virginia LLC
since 2025
Last sale
$8.8M
2 recorded transactions
Zoning & alternative use
O-3 · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$13.4M
+22.6%
Neighborhood: shopping center
$13.2M
+21.0%
Apartment house (5+ units)
$12.9M
+18.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,920,000
Current use
MEDICAL BUILDING
$13,395,000
Change: +23% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$13,210,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$12,925,000
Change: +18% · Conversion: Easy
WAREHOUSE, STORAGE
$11,955,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$11,585,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$8.12M
Range $7.30M – $8.93M · ±10% · vs last sale $8.79M (Dec 15 2025)
Last sale anchor
$8.79M
Dec 15 2025
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
$101 / 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
$79,346
Tax year 2023
Assessed value
$9,559,800
Assessed 2024
Previous assessed
$9,559,800
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$3,609,200
Assessed improvement
$5,950,600
Land market value
$3,609,200
Improvement market value
$5,950,600
Total market value
$9,559,800
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1980
Heating
FORCED AIR
Cooling
YES
Stories
5
Total area
80,400 SF
Lot
19.27 ac (839,358 SF)
Zoning code
O-3
APN
769-744-4118
UPID
US87-0821226
Jurisdiction
HENRICO
Zoning & alternative use
O-3 · Richmond, VA
Zoning O-3 · permitted uses
O-3 · Richmond, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richmond. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$10.9M
MEDICAL BUILDING
Est. value
$13.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.9M
WAREHOUSE, STORAGE
Est. value
$12.0M
RETAIL STORES
Est. value
$11.6M
OFFICE BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
RETAIL STORES
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
1980
Heating
FORCED AIR
Cooling
Yes
Stories
5
Lot
19.27 ac
Current owner
From public records · entity-resolved
Millroseproperties Virginia LLC
Entity
Free & Clear · 0 yrs held
Mailing address
6620 W BROAD ST BLDG #1, RICHMOND, VA 23230-1721
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Dec 15, 2025
$8,785,000
Millroseproperties Virginia LLC
Gg Henrico Holdings LLC
Special Warranty Deed
—
Dec 11, 2025
$23,750,000
Gg Henrico Holdings LLC
Newco Properties INC
Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
