Property profile

8701 Broad St Henrico, VA 23294

OFF-MARKET
Automotive properties
Property ID
US87-0669170
1,934 SF 0.71 ac lot Built 1977
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,934-square-foot free-standing retail building is ideally situated at the corner of West Broad Street and Skipwith Road in Richmond, Virginia. Boasting high visibility and excellent street exposure, this property presents a unique opportunity for a variety of businesses. The building, constructed in 1977, is classified as Class B and sits on a sizable 0.71-acre lot, offering ample space for parking and potential expansion. Currently vacant, the entire 1,934 square feet is available for lease. The property is zoned B-3, allowing for a range of commercial uses. Its single-tenancy structure provides a unique opportunity for a business seeking a standalone presence in a high-traffic area. The address is 8701 W. Broad St, Richmond, VA 23294. This location offers easy access to major roadways and a strong customer base. The property's automotive and street retail subtype makes it particularly suitable for businesses needing high visibility and convenient access for customers. This is a rare opportunity to secure a prominent retail space in a thriving Richmond commercial district. The property's size and location make it an attractive option for businesses seeking a strong foothold in the market.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1977
Total area 1,934 SF
Lot 0.71 ac (31,058 SF)
Zoning code B-3
APN 760-755-8015
UPID US87-0669170

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8701 Broad St Henrico, VA 23294-6207
Henrico metro Census 200126 RICHMOND, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$735k
CAP Approach CAP
by Request
Comparable Approach Comparable
$661k
Blend (final) Blend
$695k

Owner & transaction history

since 2022
Last sale
$890,000
2 recorded transactions
2022
$890,000
2013
Price N/A

Zoning & alternative use

B-3 · Henrico, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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