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Property profile & analytics
OFF-MARKET
Estimated value
$1,925,000
Retail space
7701 Brk Rd Richmond, VA 23227-1801
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-1127894
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Total area
7,545 SF
Lot
0.46 ac (20,081 SF)
Zoning code
B-2C
APN
784-754-6505
UPID
US87-1127894
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.93M
CAP Approach
CAP
$1.27M
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.93M
Owner & transaction history
7701 Brook Road LLC · 4 yrs held
7701 Brook Road LLC
since 2022
Last sale
$2.4M
5 recorded transactions
Zoning & alternative use
B-2C · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.5M
+132.2%
Restaurant
$2.1M
+95.3%
Auto repair, garage
$1.4M
+26.4%
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
$2,070,000
ML approach
$1,930,000
CAP Approach
CAP Return
Estimation
6%
$1,370,000
6.5%
$1,265,000
7%
$1,175,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,525,000
Change: +132% · Conversion: Difficult
RESTAURANT
$2,125,000
Change: +95% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,375,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$1,255,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,240,000
Change: +14% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,190,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$1.93M
Range $1.73M – $2.12M · ±10% · vs last sale $2.36M (Apr 28 2022)
Last sale anchor
$2.36M
Apr 28 2022
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
$255 / 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
$12,041
Tax year 2023
Assessed value
$1,416,600
Assessed 2024
Previous assessed
$1,416,600
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$438,200
Assessed improvement
$978,400
Land market value
$438,200
Improvement market value
$978,400
Total market value
$1,416,600
Applied tax rate
4.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1979
Heating
NONE
Stories
1
Total area
7,545 SF
Lot
0.46 ac (20,081 SF)
Zoning code
B-2C
APN
784-754-6505
UPID
US87-1127894
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
RESTAURANT
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1979
Heating
NONE
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
7701 Brook Road LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2525 BROAD ST STE #103, CHATTANOOGA, TN 37408-2935
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2022
—
7701 Brook Road LLC
Mitchell Soiack
Gift Deed
related
—
Feb 4, 2022
$2,362,500
Mitchell Sojack
Oap Brook Road LLC
Special Warranty Deed
—
Jan 5, 2022
—
County Of Henrico
Oap Brook Road LLC
Gift Deed
related
—
Sep 1, 2017
$337,499
Oap Brook Road LLC A Virginia Limit
Robert B Ball JR
Special Warranty Deed
$1,490,000 · Pinnacle Bank
Sep 1, 2017
$337,500
Oap Brook Road LLC
Robert B Ball SR Family LLC
Grant Deed
—
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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