Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7411 W Broad St Richmond, VA 23294

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7411 W Broad St Richmond, VA 23294

    View on Map
    • Industrial land
    For Lease
    View Listing →
    2.1 Acre Hard Corner Outparcel For Lease
    Contact for pricing

    2.1 Acre Hard Corner Outparcel

    2.1 acre outparcel available for ground lease, build-to-suit, or sale.

    7411 W Broad St, Richmond, VA 23294
    View Listing
    Property ID
    US87-0568916
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 7411 W Broad St

    Zone code
    M-1
    Property type
    Industrial land
    APN
    765-749-9512
    APU
    7657499512

    Description

    This exceptional 2.1-acre commercial land parcel presents a prime opportunity in Richmond, Virginia. Located at 7411 W Broad St, this hard corner lot boasts excellent visibility and accessibility due to its strategic location at the intersection of W Broad Street and Willard Rd. The property is zoned M-1, offering flexibility for a variety of commercial developments. This single-tenancy site is ideal for ground lease, build-to-suit projects, or outright sale. Its substantial size provides ample space for a significant development, catering to businesses seeking a high-traffic location. The property's location within Henrico County, Virginia, ensures access to a thriving market and strong infrastructure. Detailed site plans and zoning information are readily available upon request. This is a rare opportunity to acquire a well-positioned commercial land parcel in a rapidly growing area of Richmond. The property's prominent location and flexible development options make it an attractive investment for both short-term and long-term growth. Serious inquiries are encouraged to explore the potential of this exceptional commercial land offering. The zip code for this property is 23294.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Henrico
    County
    Henrico
    State
    Virginia
    Longitude
    -77.5228
    Latitude
    37.6154
    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
    2024
    $11,942
    $1,187,100
    $0.00
    $1,187,100
    -
    $1,187,100
    $0.00
    $1,187,100

    Comparable in this City

    • Value Estimation
      $1,950,000

      Broad St

      INDUSTRIAL - VACANT LAND
      Broad St, Henrico, VA 23294
      View Details
    • Value Estimation by Request
      0.25 Acres

      7315 Capehart Rd

      INDUSTRIAL - VACANT LAND • 0.25 Acres
      7315 Capehart Rd, Henrico, VA 23294-3705
      View Details
    • Value Estimation by Request
      0.46 Acres

      2927 Emerywood Pkwy

      INDUSTRIAL - VACANT LAND • 0.46 Acres
      2927 Emerywood Pkwy, Henrico, VA 23294-3707
      View Details
    • Value Estimation by Request
      0.55 Acres

      7310 Capehart Rd

      INDUSTRIAL - VACANT LAND • 0.55 Acres
      7310 Capehart Rd, Henrico, VA 23294-3706
      View Details
    • Value Estimation by Request
      64.00 Acres

      2671 Capstone Ct

      INDUSTRIAL - VACANT LAND • 64.00 Acres
      2671 Capstone Ct, Henrico, VA 23294
      View Details
    • Value Estimation by Request
      0.33 Acres

      Grenoble Rd

      INDUSTRIAL - VACANT LAND • 9,180 SF
      Grenoble Rd, Henrico, VA 23294
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Land For Sale

      2.21 acres, ideal for medical, motel, or office condos.
      7821 Shrader Rd, Richmond, VA 23294
      View Details
    • Contact for pricing

      2.1 Acre Hard Corner Outparcel

      2.1 acre commercial land for sale, ground lease, or build-to-suit.
      7411 W Broad St, Richmond, VA 23294
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      2.1 Acre Hard Corner Outparcel

      2.1 acre outparcel available for ground lease, build-to-suit, or sale.
      7411 W Broad St, Richmond, VA 23294
      View Details
    • Contact for pricing

      Office/Medical Space For Lease

      Office/Medical space available for lease, up to 6,000 SF.
      2819 N Parham Rd, Richmond, VA 23294
      View Details
    • Contact for pricing

      West Broad Street Retail Center

      Multi-anchor shopping center in prime commercial location for rent.
      7580 West Broad Street Rd, Henrico, VA 23294
      View Details
    • Contact for pricing

      Office/Medical Space Near I-64

      Office/Medical space for lease with direct highway access.
      2819 North Parham Rd, Richmond, VA 23294
      View Details
    • Contact for pricing

      Office Building with Atrium Lobby

      Five-story office building near I-64 and West Broad Street.
      2809 Emerywood Pkwy, Richmond, VA 23294
      View Details
    • Contact for pricing
      3,083 SF

      Retail Space on West Broad

      Multi-anchor retail center on Richmond's West Broad Street.
      7504-7580 W Broad St, Richmond, VA 23294
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7411 W Broad St
    Richmond, VA 23294
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!