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    Property profile & analytics

    10301 Broad St Glen Allen, VA 23060-6716

    • Super regional malls
    • 23,092 SF
    • 10.61 lot acres
    OFF-MARKET
    Value Estimations
    $4,530,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0727774
    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

    • Panera Bread / Cafe & Coffee Shop

    Property Details for 10301 Broad St

    Year built
    2000
    Lot size
    10.61 lot acres
    Property size
    23,092 SF
    Zone code
    B-2C
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    749-759-5776
    APU
    7497595776

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $6,750,000
      Current use
      OFFICE BUILDING
      $5,715,000
      Change: -15% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $5,655,000
      Change: -16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Allen
    County
    Henrico
    State
    Virginia
    Longitude
    -77.5789
    Latitude
    37.645
    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
    $76,322
    $4,123,100
    $4,856,000
    $8,979,100
    -
    $4,123,100
    $4,856,000
    $8,979,100

    Comparable in this City

    • Value Estimation
      $17,350,000
      38,424 SF

      10819 Broad St

      REGIONAL SHOPPING CENTER, MALL • 38,424 SF
      10819 Broad St, Glen Allen, VA 23060-3367
      View Details
    • Value Estimation
      $3,260,000
      12,635 SF

      4101 Dominion Blvd

      REGIONAL SHOPPING CENTER, MALL • 12,635 SF
      4101 Dominion Blvd, Glen Allen, VA 23060-3377
      View Details
    • Value Estimation
      $4,205,000
      5,590 SF

      11301 Broad St

      REGIONAL SHOPPING CENTER, MALL • 5,590 SF
      11301 Broad St, Glen Allen, VA 23060-5803
      View Details
    • Value Estimation
      $2,795,000
      20,013 SF

      10200 Broad St

      REGIONAL SHOPPING CENTER, MALL • 20,013 SF
      10200 Broad St, Glen Allen, VA 23060-3305
      View Details
    • Value Estimation
      $20,500,000
      75,745 SF

      4040 Cox Rd

      REGIONAL SHOPPING CENTER, MALL • 75,745 SF
      4040 Cox Rd, Glen Allen, VA 23060-6705
      View Details
    • Value Estimation
      $6,420,000
      23,378 SF

      2400 Old Brick Rd

      REGIONAL SHOPPING CENTER, MALL • 23,378 SF
      2400 Old Brick Rd, Glen Allen, VA 23060-5841
      View Details

    Similar Nearby for Sale

    • $1,200,000
      1.25 Acres

      Short Pump Retail Land Investment

      1.25-Acre Developable Retail Tract
      4260 Pouncey Tract Rd, Glen Allen, VA 23060
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    • Contact for pricing
      1,283 SF

      Retail Property with Route 1 Frontage

      Retail property for sale with additional income potential.
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    • $185,000
      0.43 Acres

      Vacant Lot in Mountain Run

      Corner lot with sheds and paved driveway, no HOA.
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      19,355 SF

      Innsbrook Freestanding Office Building

      19,355 SF office building in Innsbrook Corporate Park.
      4144 Innslake Dr, Glen Allen, VA 23060
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    • $575,000
      3.68 Acres

      Glen Allen Commercial Land Available

      3.67 acres of commercial land for sale in Glen Allen.
      3002 Mountain Rd, Glen Allen, VA 23060
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,800 SF

      Retail Space in Glen Allen

      Retail space available in a refreshed, anchored shopping center.
      9621-9669 W Broad St, Glen Allen, VA 23060
      View Details
    • Contact for pricing
      5,673 SF

      Retail Space in Glen Allen

      Retail space available in a Publix-anchored shopping center.
      10208-10238 Staples Mill Rd, Glen Allen, VA 23060
      View Details
    • Contact for pricing
      1,600 SF

      Glen Allen Retail Space Available

      Retail space for lease in Henrico County shopping center.
      10250-10298 Staples Mill Rd, Glen Allen, VA 23060
      View Details
    • Contact for pricing
      3,092 SF

      Retail Space in High-Traffic Area

      1,320 SF retail suite available in established shopping center.
      4350 Pouncey Tract Rd, Glen Allen, VA 23060
      View Details
    • Contact for pricing
      3,200 SF

      Retail Space in Glen Allen

      Retail space with high visibility and signage opportunities available for lease.
      11331 W Broad St, Glen Allen, VA 23060
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Glen Allen

      Retail space anchored by Trader Joe's, Petco & Ulta.
      11341 W Broad St, Glen Allen, VA 23060
      View Details
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    Glen Allen, VA 23060-6716
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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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