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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1 All Star Blvd Glen Allen, VA 23059-4695

    • Sports & entertainment properties
    • 186,034 SF
    • 1.00 lot acres
    OFF-MARKET
    Last Sale
    Dec 28, 2024
    Value Estimations
    $11,020,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0717959
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sports & entertainment properties

    Property Details for 1 All Star Blvd

    Year built
    1995
    Lot size
    1.00 lot acres
    Property size
    186,034 SF
    Zone code
    B-3C
    Property type
    Sports & entertainment properties
    APN
    785-771-7594
    APU
    7857717594

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,765,000
      ML approach
      $10,275,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $16,145,000
      AUTO REPAIR, GARAGE
      $14,435,000
      INDUSTRIAL (GENERAL)
      $13,160,000
      NEIGHBORHOOD: SHOPPING CENTER
      $8,690,000
      MEDICAL BUILDING
      $8,265,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Glen Allen
    County
    Henrico
    State
    Virginia
    Longitude
    -77.4531
    Latitude
    37.6773
    CBSA code
    40060
    CBSA name
    RICHMOND, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $3,183,500
    $5,566,200
    $8,749,700
    -
    $3,183,500
    $5,566,200
    $8,749,700

    Comparable in this City

    • Value Estimation
      $1,850,000
      70,210 SF

      11255 Nuckols Rd

      RECREATIONAL, ENTERTAINMENT • 70,210 SF
      11255 Nuckols Rd, Glen Allen, VA 23059-5502
      View Details
    • Value Estimation
      $8,725,000
      31,000 SF

      6000 Dominion Clb Dr

      GOLF COURSE • 31,000 SF
      6000 Dominion Clb Dr, Glen Allen, VA 23059-5478
      View Details
    • Value Estimation
      $1,390,000
      60,472 SF

      10091 Jeb Stuart Pkwy

      THEATER (MOVIE) • 60,472 SF
      10091 Jeb Stuart Pkwy, Glen Allen, VA 23059-6525
      View Details
    • Value Estimation
      $3,000,000
      2,880 SF

      800 Virginia Ctr Pkwy

      GOLF COURSE • 2,880 SF
      800 Virginia Ctr Pkwy, Glen Allen, VA 23059-4537
      View Details
    • Value Estimation by Request
      8.67 Acres

      10101 Brk Rd

      VACANT COMMERCIAL LAND • 8.67 Acres
      10101 Brk Rd, Glen Allen, VA 23059-4225
      View Details
    • Value Estimation by Request
      1.85 Acres

      9863 Brk Rd

      VACANT COMMERCIAL LAND • 1.85 Acres
      9863 Brk Rd, Glen Allen, VA 23059-4559
      View Details

    Similar Nearby for Sale

    • $392,103

      317 Acres of Land Parcels

      Multiple land parcels totaling 317 acres for sale.
      13080 Mountain Rd, Glen Allen, VA 23059
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    • $5,000,000

      Residential Land Development Opportunity

      Land for residential development near shopping and major roads.
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    • $6,500,000

      Prime Land Parcels For Sale

      Two land parcels totaling ±75 acres in fast-growing area.
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    • $1,750,000
      Pending

      Glen Allen Land Opportunity

      14.83 acres of land for development or building a home.
      11300 Brks St, Glen Allen, VA 23059
      View Details
    • $24,306,538

      Land Parcels in Glen Allen

      Multiple land parcels available for sale in Glen Allen, VA.
      13074 Mountain Rd, Glen Allen, VA 23059
      View Details
    • $94,852

      311+ Acres of Land Parcels

      Multiple land parcels totaling over 317 acres for sale.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      24,400 SF

      Retail Space in Glen Allen

      Retail space available in shopping center with strong tenant mix.
      1070 Virginia Center Pkwy, Glen Allen, VA 23059
      View Details
    • Contact for pricing
      13,309 SF

      Innsbrook Office Sublease Opportunity

      Half-floor office space available for sublease in Glen Allen, VA.
      120 Eastshore Dr, Glen Allen, VA 23059
      View Details
    • Contact for pricing
      1 SF

      Glen Allen Retail Center

      Seven Suites, High-Traffic Location
      1 & Kings Acres Rd, Glen Allen, VA 23059
      View Details
    • $24 SF/Yr
      77,114 SF

      Glen Allen Executive Office Suites

      Class A Office Space, 1,269-4,730 SF Available
      120 Eastshore Dr, Glen Allen, VA 23059
      View Details
    • $1,500,000

      Commercial Land Near Sports Center

      Land available near Henrico Sports & Events Center.
      10085 Brook Rd, Glen Allen, VA 23059
      View Details
    • Contact for pricing
      22,921 SF

      Glen Allen Warehouse Space Available

      22,921 SF warehouse space with 140' truck court.
      10384 Cedar Ln, Glen Allen, VA 23059
      View Details
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    Glen Allen, VA 23059-4695
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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