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    Property profile & analytics

    7201 Broad St Henrico, VA 23294-3601

    • Hotels
    • 57,024 SF
    • 2.54 lot acres
    OFF-MARKET
    Value Estimation
    $2,540,000
    Last Sale
    Jan 16, 2020
    $2,500,000
    Location Intelligence
    Property ID
    US87-3751433
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • HomeTowne Studios Richmond, VA – W Broad St / Hotel / Extended Stay Hotel
    • Red Roof Inn Richmond, VA – W Broad St / Hotel

    Property Details for 7201 Broad St

    Year built
    1985
    Lot size
    2.54 lot acres
    Property size
    57,024 SF
    Zone code
    M-1
    Property type
    Hotels
    Property subtype
    Motels
    APN
    766-747-2181
    APU
    7667472181

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,380,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,325,000
      6.5%
      $2,350,000
      7%
      $2,430,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,830,000
      Geo Method
      $2,695,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,520,000
      Retail
      $2,895,000
      Mixed-Use
      $2,935,000
      Hospitality
      $2,665,000
      Educational
      $2,220,000
      Residential Income
      $2,445,000
      Energy
      $2,250,000
      Income-Based Land
      $2,930,000
      Food Service
      $2,640,000

    Location Insight

    • Map
    • Local Demand
    City
    Henrico
    County
    Henrico
    State
    Virginia
    Longitude
    -77.522
    Latitude
    37.6119
    CBSA code
    40060
    CBSA name
    RICHMOND, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,775
    $1,062,800
    $793,100
    $1,855,900
    -
    $1,062,800
    $793,100
    $1,855,900

    Comparable in this City

    • Value Estimation by Request
      19,247 SF

      7200 Broad St

      HOTEL/MOTEL • 19,247 SF
      7200 Broad St, Henrico, VA 23294-3602
      View Details
    • Value Estimation by Request
      14,028 SF

      8008 Broad St

      HOTEL/MOTEL • 14,028 SF
      8008 Broad St, Henrico, VA 23294-4218
      View Details
    • Value Estimation by Request
      45,288 SF

      7300 Broad St

      HOTEL/MOTEL • 45,288 SF
      7300 Broad St, Henrico, VA 23294-3604
      View Details
    • Value Estimation by Request
      54,242 SF

      7831 Shrader Rd

      HOTEL/MOTEL • 54,242 SF
      7831 Shrader Rd, Henrico, VA 23294-4210
      View Details
    • Value Estimation by Request
      39,702 SF

      8010 Broad St

      HOTEL/MOTEL • 39,702 SF
      8010 Broad St, Henrico, VA 23294-4218
      View Details
    • Value Estimation by Request
      185,387 SF

      2925 Emerywood Pkwy

      HOTEL/MOTEL • 185,387 SF
      2925 Emerywood Pkwy, Henrico, VA 23294-3707
      View Details

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    7201 Broad St
    Henrico, VA 23294-3601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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