Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,680,000
Hotels
6631 Broad St Richmond, VA 23230-1723
Individually Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0376284
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2009
Total area
176,936 SF
Lot
6 ac (261,360 SF)
Zoning code
B-2C
APN
767-745-5610
UPID
US87-0376284
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
-
Small Batch - Local Kitchen Restaurant
-
The Westin Richmond Hotel & Motel
-
Westminister Canterbury Apartment Complex
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Norfolk va Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.64M
Blend (final)
Blend
$6.68M
Owner & transaction history
Foret Ave Hotel Assoc · 19 yrs held
Foret Ave Hotel Assoc
since 2007
3 recorded transactions
Zoning & alternative use
B-2C · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.0M
+205.5%
Medical building
$10.1M
+181.4%
Office building
$9.3M
+157.9%
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
AUTO REPAIR, GARAGE
$11,020,000
Change: +206% · Conversion: Difficult
MEDICAL BUILDING
$10,145,000
Change: +181% · Conversion: Difficult
OFFICE BUILDING
$9,300,000
Change: +158% · Conversion: Difficult
RETAIL STORES
$9,035,000
Change: +151% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,900,000
Change: +119% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,560,000
Change: +82% · Conversion: Difficult
Blend value · Realmo final
$6.68M
Range $6.01M – $7.35M · ±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
$38 / 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
$237,446
Tax year 2023
Assessed value
$28,608,000
Assessed 2024
Previous assessed
$28,608,000
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$1,829,500
Assessed improvement
$26,778,500
Land market value
$1,829,500
Improvement market value
$26,778,500
Total market value
$28,608,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2009
Heating
FORCED AIR
Cooling
YES
Stories
7
Total area
176,936 SF
Lot
6 ac (261,360 SF)
Zoning code
B-2C
APN
767-745-5610
UPID
US87-0376284
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
AUTO REPAIR, GARAGE
Est. value
$11.0M
MEDICAL BUILDING
Est. value
$10.1M
OFFICE BUILDING
Est. value
$9.3M
RETAIL STORES
Est. value
$9.0M
INDUSTRIAL (GENERAL)
Est. value
$7.9M
COMMERCIAL (GENERAL)
Est. value
$6.6M
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
2009
Heating
FORCED AIR
Cooling
Yes
Stories
7
Lot
6 ac
Current owner
From public records · entity-resolved
Foret Ave Hotel Assoc
Individual
Mailing address
RICHMOND, VA 23218
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2023
—
Forest Avenue Hotel Associates LLC
—
Deed
related
$33,000,000 · Burke & Herbert Bank & Trust Company
May 6, 2011
—
Forest Avenue Hotel Assocs LLC
—
Grant Deed
related
$1,800,000 · Branch Banking & Trust Co
Feb 21, 2007
—
Foret Ave Hotel Assoc
Forest Ave Holdings INC
Quit Claim Deed
related
$27,500,000 · Branch Banking & Trust Co Va
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?”
You own 6631 Broad St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
