Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,760,000
Retail space
7921 Broad St Henrico, VA 23294-6303
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-0902250
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1978
Total area
25,030 SF
Lot
2.93 ac (127,500 SF)
Zoning code
B-3
APN
763-752-9401
UPID
US87-0902250
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.94M
CAP Approach
CAP
$4.21M
Comparable Approach
Comparable
$3.73M
Blend (final)
Blend
$5.76M
Owner & transaction history
Westwood Investment Group LLC · 4 yrs held
Westwood Investment Group LLC
since 2021
Last sale
$5.6M
3 recorded transactions
Zoning & alternative use
B-3 · Henrico, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.0M
+95.3%
Auto repair, garage
$4.6M
+26.4%
Medical building
$4.2M
+15.6%
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 Henrico submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Henrico 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
$5,895,000
ML approach
$5,940,000
CAP Approach
CAP Return
Estimation
6%
$4,555,000
6.5%
$4,205,000
7%
$3,905,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,605,000
Current use
RESTAURANT
$7,045,000
Change: +95% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,560,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$4,170,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,110,000
Change: +14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$4,025,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,950,000
Change: +10% · Conversion: Easy
OFFICE BUILDING
$3,700,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$5.76M
Range $5.18M – $6.34M · ±10% · vs last sale $5.60M (Dec 27 2021)
Last sale anchor
$5.60M
Dec 27 2021
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
$230 / 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
$36,734
Tax year 2023
Assessed value
$4,321,700
Assessed 2024
Previous assessed
$4,321,700
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,415,200
Assessed improvement
$2,906,500
Land market value
$1,415,200
Improvement market value
$2,906,500
Total market value
$4,321,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1978
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
25,030 SF
Lot
2.93 ac (127,500 SF)
Zoning code
B-3
APN
763-752-9401
UPID
US87-0902250
Jurisdiction
HENRICO
Zoning & alternative use
B-3 · Henrico, VA
Zoning B-3 · permitted uses
B-3 · Henrico, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Henrico. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.6M
RESTAURANT
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.7M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1978
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.93 ac
Current owner
From public records · entity-resolved
Westwood Investment Group LLC
Entity
Free & Clear · 4 yrs held
Mailing address
11100 BRYANS VW CT, HENRICO, VA 23233-2767
Ownership since
2021
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
Feb 8, 2022
—
Westwood Investment Group LLC
—
Deed
related
$3,500,000 · Village Bank
Dec 27, 2021
$5,600,000
Westwood Investment Group LLC
Impact Investments Group LLC
Special Warranty Deed
—
Apr 13, 2017
$3,225,000
Impact Investments Group LLC
Estabroad Lllp
Trustees Deed
$2,580,000 · Essex Bk
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 7921 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.
