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801 W Broad St 2 Unit Apartment Building $2,500,000 ($1,250,000/Unit) 5% Cap Rate Richmond, VA 23220

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Investment Highlights

High-Visibility Location at VCU
Access to Mass Transit
Restaurant Equipment and Furniture Conveys

National Retail Anchors
Mixed-Uses
Full Basement with Bathroom and Utiliites

Executive Summary

Well-Appointed Corner Commercial Mixed-Use Opportunity at VCU, for a Restaurant User or for Investment Purposes. 2-story building with full basement and rooftop patio access, located next to Panera, Chipotle, CAVA and other national retail anchor restaurants. There are 2 large apartments and restaurant. All restaurant equipment, furniture and fixtures convey.

801 W Broad St Brochure 12 28 25

Financial Summary (Pro Forma - 2025)	Annual	Annual Per SF
Gross Rental Income	$12,608	$1.38
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$12,608	$1.38
Taxes	$1,049	$0.11
Operating Expenses	$325	$0.04
Total Expenses	$1,374	$0.15
Net Operating Income	$11,234	$1.23

Financial Summary (Pro Forma - 2025)

Gross Rental Income
Annual	$12,608
Annual Per SF	$1.38

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$12,608
Annual Per SF	$1.38

Taxes
Annual	$1,049
Annual Per SF	$0.11

Operating Expenses
Annual	$325
Annual Per SF	$0.04

Total Expenses
Annual	$1,374
Annual Per SF	$0.15

Net Operating Income
Annual	$11,234
Annual Per SF	$1.23

Property Facts

Price	$2,500,000	Apartment Style	Low-Rise
Price Per Unit	$1,250,000	Building Class	C
Sale Type	Investment or Owner User	Lot Size	0.07 AC
Cap Rate	5%	Building Size	9,135 SF
No. Units	2	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1920/2015
Property Subtype	Apartment General Retail Freestanding General Retail Storefront Retail/Office General Retail Storefront Retail/Residential	Cross Streets	N Laurel St
Zoning	B-4 - B4 mixed-use zoning allows for a variety of uses, including but not limited to: Business premises, residential, commercial, office, etc

Price	$2,500,000
Price Per Unit	$1,250,000
Sale Type	Investment or Owner User
Cap Rate	5%
No. Units	2
Property Type	Multifamily
Property Subtype	Apartment General Retail Freestanding General Retail Storefront Retail/Office General Retail Storefront Retail/Residential
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.07 AC
Building Size	9,135 SF
No. Stories	2
Year Built/Renovated	1920/2015
Cross Streets	N Laurel St
Zoning	B-4 - B4 mixed-use zoning allows for a variety of uses, including but not limited to: Business premises, residential, commercial, office, etc

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Moderately walkable

70/100

Moderately drivable

60/100

Good public transit

60/100

Moderately bikeable

60/100

Source: Local Logic^®

Property Taxes

Parcel Number	W000-0361-025	Total Assessment	$1,049,000 (2026)
Land Assessment	$422,000 (2026)	Annual Taxes	$1,049 ($0.11/SF)
Improvements Assessment	$627,000 (2026)	Tax Year	2025 Payable 2026

Property Taxes

Parcel Number

W000-0361-025

Land Assessment

$422,000 (2026)

Improvements Assessment

$627,000 (2026)

Total Assessment

$1,049,000 (2026)

Annual Taxes

$1,049 ($0.11/SF)

Tax Year

2025 Payable 2026

(804) 349-5788

Contact

Susan Haas; MURP
Haas Realty Group

Listing ID: 31932187
Date on Market: 5/26/2024
Last Updated:
Address: 801 W Broad St, Richmond, VA 23220

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801 W Broad St

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