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Property profile & analytics
OFF-MARKET
Estimated value
$3,700,000
Retail space
9101 Broad St Henrico, VA 23294-5808
Entity Owned
2-yr Hold
Free & Clear
Property ID
US87-0647661
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Total area
14,040 SF
Lot
1.56 ac (67,997 SF)
Zoning code
B-2
APN
757-756-8250
UPID
US87-0647661
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
$3.70M
CAP Approach
CAP
$2.36M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.70M
Owner & transaction history
9101 W Broad St LLC · 2 yrs held
9101 W Broad St LLC
since 2024
Last sale
$3.7M
4 recorded transactions
Zoning & alternative use
B-2 · Henrico, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.0M
+95.3%
Auto repair, garage
$2.6M
+26.4%
Medical building
$2.3M
+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
$3,700,000
ML approach
$3,700,000
CAP Approach
CAP Return
Estimation
6%
$2,555,000
6.5%
$2,355,000
7%
$2,190,000
Alternative Use
Use
Estimation
RESTAURANT
$3,950,000
Change: +95% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,555,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$2,340,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,305,000
Change: +14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,255,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$3.70M
Range $3.33M – $4.07M · ±10% · vs last sale $3.70M (Jan 29 2024)
Last sale anchor
$3.70M
Jan 29 2024
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
$264 / 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
$19,921
Tax year 2023
Assessed value
$2,400,100
Assessed 2024
Previous assessed
$2,400,100
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$1,291,900
Assessed improvement
$1,108,200
Land market value
$1,291,900
Improvement market value
$1,108,200
Total market value
$2,400,100
Applied tax rate
2.0000
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
1997
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
14,040 SF
Lot
1.56 ac (67,997 SF)
Zoning code
B-2
APN
757-756-8250
UPID
US87-0647661
Jurisdiction
HENRICO
Zoning & alternative use
B-2 · Henrico, VA
Zoning B-2 · permitted uses
B-2 · 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
RESTAURANT
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1997
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.56 ac
Current owner
From public records · entity-resolved
9101 W Broad St LLC
Entity
Free & Clear · 2 yrs held
Mailing address
400 N MILITARY HWY, NORFOLK, VA 23502-5402
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2025
—
9101 W Broad St LLC
—
Deed
related
$2,000,000 · Townebank
Jul 15, 2025
—
Robert L Nicholson
—
Deed
related
$2,000,000 · Townebank
Jan 29, 2024
$3,700,000
9101 W Broad St LLC
Lorgan Richmond Investments LLC
Warranty Deed
—
Dec 15, 2022
$2,600,000
Lorgan Richmond Investments LLC
David S Bridal LLC
Special Warranty 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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