Retail Investment
11200 West Broad Street Glen Allen, VA 23060
For Sale
Contact for pricing
For sale retail property on West Broad Street, offering investment income at a stated $13.62 PSF rent.
Property Size45,391 SF
Price / SF$181.64
Days on Market86
Property Features for 11200 West Broad Street
General Information
- Standard status
- Active
- Size
- 45,391 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1999
Listing Agency:
Marcus & Millichap - Orange County
(949) 419-3246
Listed By:
Paul Bitonti · License #CA 01325076
Source:
Crexi
Added: Apr 30
Changed: Jul 23
Last Checked: Jul 23 at 2:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Orange County
Investment Insights
Based on property information with market context.
Offered for sale is a retail investment property comprising 45,391 square feet at 11200 West Broad Street in Glen Allen, Virginia. The offering is presented as an income-producing asset, with rent stated at $13.62 PSF in the materials provided.
The property is described as being positioned in the Short Pump retail submarket. Additional tenant, unit, and lease structure details were not provided, and interested parties should confirm operating terms during due diligence.
The property is described as being positioned in the Short Pump retail submarket. Additional tenant, unit, and lease structure details were not provided, and interested parties should confirm operating terms during due diligence.
Key Highlights
- Retail property for sale on West Broad Street
- Year built: 1999
- Stated rent rate of $13.62 PSF
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $817.0k | $18.00 |
| − Vacancy | −$40.9k | −$0.90 |
| EGI | $776.2k | $17.10 |
| − OpEx | −$232.9k | −$5.13 |
| NOI | $543.3k | $11.97 |
45,391 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$7.76M
$6.79M – $9.06M
NOI $543,330 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$11.84M
$10.36M – $13.81M
NOI $828,865 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Geek Squad
Computer & Electronic Repair
Best Buy
Electronics & Wireless Store
Brookhollow Shopping Center
Shopping Center & Mall
FAQs
What type of property is this?
Retail space - For sale retail property on West Broad Street, offering investment income at a stated $13.62 PSF rent.
Where is this retail space located?
The property is located at 11200 West Broad Street Glen Allen, VA.
What is the asking price?
The asking price for this property is $8,244,756.
What are key features of this property?
This property features: Retail property for sale on West Broad Street; Year built: 1999; Stated rent rate of $13.62 PSF
