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    10132 Broad St Glen Allen, VA 23060-3303
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    Property profile & analytics

    10132 Broad St, Glen Allen, VA 23060-3303

    View on Map
    • Office buildings
    • 5,683 SF
    Off-Market
    Last Sale Sep 30, 2021
    $587,500
    Property ID
    US87-3116194
    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.
    Value Estimations
    $615,000
    Show details
    Cap Rate Potential
    9.6%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Virginia Wills & Probate, PLC / Law Firm
    • Lamb Jr Joe B / Law Firm
    • Robert Dawson / Law Firm
    • Law by Collier / Law Firm
    • White Collar Defense Virginia / Law Firm

    Property Details for 10132 Broad St

    Year built
    2002
    Zone code
    O-2C
    Property type
    Office buildings
    APN
    751-760-1826.007
    APU
    7517601826007

    Description

    This exceptional Class A office condo, located at 10132 W Broad St in Glen Allen, Virginia, offers multiple suite options ideal for discerning businesses. The property boasts a total of 2,831 square feet, divided into three suites within a well-maintained building. Currently, 541 square feet of space is available, offering flexibility for various business needs. Individual suites range from a minimum of 158 square feet to a maximum contiguous space of 225 square feet, providing options for both small and expanding businesses. The building's prime location in Henrico County, zip code 23060, ensures easy access to major transportation routes and amenities. This is an end-cap unit, offering excellent visibility and accessibility. The property is categorized as an Executive Office, reflecting its high-quality finishes and professional atmosphere. The building is situated in a thriving business community, providing a strategic advantage for businesses seeking a prestigious address. This is an excellent opportunity to establish or expand your business in a highly desirable location. The property is in excellent condition and ready for immediate occupancy. Contact us today to schedule a viewing and secure your ideal office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $690,000
      ML approach
      $590,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $371,000
      Market price range: $130k - $1.09M

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Allen
    County
    Henrico
    State
    Virginia
    Longitude
    -77.5734
    Latitude
    37.6467
    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
    $4,692
    $50,800
    $501,200
    $552,000
    -
    $50,800
    $501,200
    $552,000

    Comparable in this City

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      115,672 SF

      4840 Cox Rd

      OFFICE BUILDING
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      View Details
    • Value Estimation
      $17,940,000
      127,996 SF

      4521 Highwoods Pkwy

      OFFICE BUILDING
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      View Details
    • Value Estimation
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      68,115 SF

      4355 Innslake Dr

      OFFICE BUILDING
      4355 Innslake Dr, Glen Allen, VA 23060-6742
      View Details
    • Value Estimation
      $8,820,000
      71,250 SF

      4050 Innslake Dr

      OFFICE BUILDING
      4050 Innslake Dr, Glen Allen, VA 23060-3327
      View Details
    • Value Estimation
      $1,940,000
      11,155 SF

      4212 Park Pl Ct

      OFFICE BUILDING
      4212 Park Pl Ct, Glen Allen, VA 23060-3314
      View Details
    • Value Estimation
      $6,150,000
      34,275 SF

      10330 Staples Ml Rd

      OFFICE BUILDING
      10330 Staples Ml Rd, Glen Allen, VA 23060-3251
      View Details

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    Similar Nearby for Lease

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      Class A Office with Lake Views

      Class A office building in North Park with lake views.
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    • $14 SF/Yr
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      4,875 SF

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      View Details
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    Glen Allen, VA 23060-3303
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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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