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Property profile & analytics
OFF-MARKET
Estimated value
$22,885,000
Office buildings
6610 Broad St Richmond, VA 23230-1702
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-0761477
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Total area
152,000 SF
Lot
6.09 ac (265,237 SF)
Zoning code
O-3
APN
769-744-0752
UPID
US87-0761477
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
-
Cica Administrative Offices Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$24.07M
Blend (final)
Blend
$22.89M
Owner & transaction history
Gg Henrico Holdings LLC
Gg Henrico Holdings LLC
since 2025
Last sale
$23.8M
1 recorded transaction
Zoning & alternative use
O-3 · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$27.7M
+34.1%
Medical building
$25.3M
+22.6%
Neighborhood: shopping center
$25.0M
+21.0%
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
$20,645,000
Current use
AUTO REPAIR, GARAGE
$27,685,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$25,320,000
Change: +23% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$24,970,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$24,435,000
Change: +18% · Conversion: Easy
WAREHOUSE, STORAGE
$22,605,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$21,900,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$22.89M
Range $20.60M – $25.17M · ±10% · vs last sale $23.75M (Dec 11 2025)
Last sale anchor
$23.75M
Dec 11 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
$151 / 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
$206,175
Tax year 2023
Assessed value
$24,840,100
Assessed 2024
Previous assessed
$24,840,100
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$1,193,600
Assessed improvement
$23,646,500
Land market value
$1,193,600
Improvement market value
$23,646,500
Total market value
$24,840,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1973
Heating
FORCED AIR
Stories
8
Total area
152,000 SF
Lot
6.09 ac (265,237 SF)
Zoning code
O-3
APN
769-744-0752
UPID
US87-0761477
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
$20.6M
AUTO REPAIR, GARAGE
Est. value
$27.7M
MEDICAL BUILDING
Est. value
$25.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$25.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$24.4M
WAREHOUSE, STORAGE
Est. value
$22.6M
RETAIL STORES
Est. value
$21.9M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1973
Heating
FORCED AIR
Stories
8
Lot
6.09 ac
Current owner
From public records · entity-resolved
Gg Henrico Holdings 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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
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.
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