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Property profile & analytics
OFF-MARKET
Estimated value
$1,950,000
Industrial land
Broad St Henrico, VA 23294
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US87-0267888
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Zoning code
M-1
APN
766-748-0483
UPID
US87-0267888
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.95M
Owner & transaction history
4400 West Broad Apts LLC
4400 West Broad Apts LLC
since 2026
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
M-1 · Henrico, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,685,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.95M
Range $1.76M – $2.15M · ±10% · vs last sale $1.95M (Aug 2 2023)
Last sale anchor
$1.95M
Aug 2 2023
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
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$11,645
Tax year 2024
Assessed value
$1,163,000
Assessed 2024
Previous assessed
$1,163,000
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,163,000
Land market value
$1,163,000
Total market value
$1,163,000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Zoning code
M-1
APN
766-748-0483
UPID
US87-0267888
Jurisdiction
HENRICO
Zoning & alternative use
M-1 · Henrico, VA
Zoning M-1 · permitted uses
M-1 · 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.
Current owner
From public records · entity-resolved
4400 West Broad Apts LLC
Entity
Mailing address
2425 GRENOBLE RD, HENRICO, VA 23294-3709
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2026
$11,500,000
4400 West Broad Apts LLC
4400 West Broad LLC
Special Warranty Deed
$51,200,000 · Truist Bank
Jan 8, 2026
—
Jp Glenside LLC
Sky Hotels Group LLC
Special Warranty Deed
$10,500,000 · Townebank
Dec 11, 2025
$23,750,000
Gg Henrico Holdings LLC
Newco Properties INC
Deed
—
Jul 21, 2025
$86,000,000
Ivt West Broad Marketplace Richmond
Mcp West Broad Marketplace LLC
Special Warranty Deed
—
Jun 30, 2025
—
4400 West Broad LLC
—
Deed
related
$225,450 · Firstbank
Aug 21, 2023
—
4400 West Broad LLC
Mark T Motley
Deed
—
Aug 17, 2023
—
Mark T Motley
Mark T Motley
Deed
related
—
Aug 2, 2023
$1,950,000
Sams Commercial Properties LLC
North Gayton Company LLP
Special Warranty Deed
—
Apr 7, 2021
—
4400 West Broad LLC
Mark T Motley
Deed
—
Dec 22, 2017
$6,000
Wilson Companies INC
Sherman B Lubman
Grant Deed
—
Jun 5, 2017
$74,000
Mcp West Broad Marketplace LLC
Excel West Broad Marketplace L
Grant Deed
—
Mar 10, 2017
—
Excel West Broad Marketplace L
Excel West Broad Marketplace L
Quitclaim Deed
related
—
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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