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Property profile & analytics
OFF-MARKET
Estimated value
$2,005,000
Retail residential properties
7 Broad St Richmond, VA 23220-4212
Entity Owned
8-yr Hold
Free & Clear
Property ID
US87-3917018
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1915
Construction
TYPE NOT SPECIFIED
Total area
16,288 SF
Lot
0.16 ac (6,752 SF)
Zoning code
B-4 CENTRAL BUSINESS
APN
W-000-0105-009
UPID
US87-3917018
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
-
Arcani Films Film Production Television Studio
-
Emotional Support Animal Letter Alternative Medicine Practice
-
The Old Dominion Club of Richmond Community Center
-
The Spot RVA Advertising Agency Marketing & Advertising
-
AstroBooth Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$2.01M
Owner & transaction history
Snp Dev LLC · 8 yrs held
Snp Dev LLC
since 2017
4 recorded transactions
Zoning & alternative use
B-4 CENTRAL BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
COMMERCIAL (GENERAL)
$3,005,000
Current use
AUTO REPAIR, GARAGE
$2,965,000
Change: -1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,815,000
Change: -6% · Conversion: Moderate
MEDICAL BUILDING
$2,715,000
Change: -10% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,675,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$2.01M
Range $1.80M – $2.21M · ±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
$123 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$20
Tax year 2020
Assessed value
$3,238,000
Assessed 2024
Previous assessed
$3,238,000
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$550,000
Assessed improvement
$2,688,000
Land market value
$550,000
Improvement market value
$2,688,000
Total market value
$3,238,000
Applied tax rate
6.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1915
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Buildings
2
Stories
4
Units
22
Rooms
5
Bathrooms
2
Total area
16,288 SF
Lot
0.16 ac (6,752 SF)
Zoning code
B-4 CENTRAL BUSINESS
APN
W-000-0105-009
UPID
US87-3917018
Jurisdiction
RICHMOND CITY
Zoning & alternative use
B-4 CENTRAL BUSINESS · Richmond, VA
Zoning B-4 CENTRAL BUSINESS · permitted uses
B-4 CENTRAL BUSINESS · 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
COMMERCIAL (GENERAL) Current
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1915
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
4
Buildings
2
Units
22
Rooms
5
Bathrooms
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Snp Dev LLC
Entity
Free & Clear · 8 yrs held
Mailing address
10320 SONNY MDWS LN, MECHANICSVILLE, VA 23116-4905
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2017
$15,000,000
Snp Dev LLC
Rfii Broad Street LLC
Grant Deed
—
Oct 23, 2014
$9,810,000
Rfii Broad St LLC
5-7 17-19 & 27 W Broad St Hold
Warranty Deed
—
Apr 29, 2011
$3,650,000
5-7 17-19 & 27 West Broad Stho
Simon Stuart A
Grant Deed
related
—
—
—
Rfii Broad Street LLC
—
Deed Of Trust
related
$7,400,000 · Santander Bk NA
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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