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Property profile & analytics
FOR LEASE
Medical Office Space
6627 W Broad St Richmond, VA 23230
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US87-2292105
For Lease
1 / 2
$4,575,000
6627 W Broad St, Richmond, VA 23230
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2014
Total area
40,000 SF
Lot
5.14 ac (223,811 SF)
Zoning code
B-2C
APN
767-744-7864
UPID
US87-2292105
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
-
KM Hotels LLC Property Management Company Hotel
-
Sheltering Arms Institute Physical Therapy & Rehabilitation Centers Medical Clinic
-
Stephanie Sadtler Physician
-
Tyler Taylor Foster Care Service Social Service Agency
-
Anne Ganje Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.41M
Blend (final)
Blend
$4.58M
Owner & transaction history
6627 Broad LLC · 12 yrs held
6627 Broad LLC
since 2014
2 recorded transactions
Zoning & alternative use
B-2C · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.3M
+9.3%
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
MEDICAL BUILDING
$6,665,000
Current use
AUTO REPAIR, GARAGE
$7,285,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,570,000
Change: -1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,430,000
Change: -3% · Conversion: Moderate
WAREHOUSE, STORAGE
$5,950,000
Change: -11% · Conversion: Difficult
RETAIL STORES
$5,765,000
Change: -14% · Conversion: Difficult
OFFICE BUILDING
$5,435,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$4.58M
Range $4.12M – $5.03M · ±10%
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
$114 / 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
$66,546
Tax year 2023
Assessed value
$7,828,900
Assessed 2024
Previous assessed
$7,828,900
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,095,300
Assessed improvement
$6,733,600
Land market value
$1,095,300
Improvement market value
$6,733,600
Total market value
$7,828,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2014
Heating
NONE
Cooling
AC.PACKAGE
Stories
2
Total area
40,000 SF
Lot
5.14 ac (223,811 SF)
Zoning code
B-2C
APN
767-744-7864
UPID
US87-2292105
Jurisdiction
HENRICO
Zoning & alternative use
B-2C · Richmond, VA
Zoning B-2C · permitted uses
B-2C · 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
MEDICAL BUILDING Current
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$7.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.4M
WAREHOUSE, STORAGE
Est. value
$6.0M
RETAIL STORES
Est. value
$5.8M
OFFICE BUILDING
Est. value
$5.4M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
RETAIL STORES
OFFICE BUILDING
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
2
Lot
5.14 ac
Current owner
From public records · entity-resolved
6627 Broad LLC
Entity
Mailing address
6641 W BROAD ST STE #100, RICHMOND, VA 23230-1728
Ownership since
2014
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
Jul 16, 2014
—
6627 Broad LLC
—
Grant Deed
related
$7,050,000 · First Tn Bk
Mar 27, 2014
—
6627 Broad LLC
Reynolds Holdings LLC
Grant Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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