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Property profile & analytics
OFF-MARKET
Estimated value
$15,075,000
Office buildings
10561 Telegraph Rd, Glen Allen, VA 23059-4577
Entity Owned
7-yr Hold
Free & Clear
Property ID
US87-3838193
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
89,982 SF
Lot
10.22 ac (445,096 SF)
Zoning code
MIXE
APN
786-770-7915
UPID
US87-3838193
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Citizens Bank ATM Atm
-
Citizens, Home Mortgage Loan Service Bank
-
Patti Redfern Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.12M
Comparable Approach
Comparable
$19.17M
Blend (final)
Blend
$15.08M
Owner & transaction history
M M O LLC · 7 yrs held
M M O LLC
since 2018
2 recorded transactions
Zoning & alternative use
MIXE · Glen Allen, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$22.0M
+6.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Glen Allen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glen Allen submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,465,000
6.5%
$16,120,000
7%
$14,970,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$20,680,000
Current use
COMMERCIAL (GENERAL)
$22,040,000
Change: +7% · Conversion: Easy
AUTO REPAIR, GARAGE
$19,675,000
Change: -5% · Conversion: Difficult
MEDICAL BUILDING
$16,660,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$15.08M
Range $13.57M – $16.58M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$168 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$121,034
Tax year 2023
Assessed value
$14,582,400
Assessed 2024
Previous assessed
$14,582,400
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$1,537,400
Assessed improvement
$13,045,000
Land market value
$1,537,400
Improvement market value
$13,045,000
Total market value
$14,582,400
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2001
Heating
NONE
Cooling
AC.PACKAGE
Stories
4
Total area
89,982 SF
Lot
10.22 ac (445,096 SF)
Zoning code
MIXE
APN
786-770-7915
UPID
US87-3838193
Jurisdiction
HENRICO
Zoning & alternative use
MIXE · Glen Allen, VA
Zoning MIXE · permitted uses
MIXE · Glen Allen, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glen Allen. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$20.7M
COMMERCIAL (GENERAL)
Est. value
$22.0M
AUTO REPAIR, GARAGE
Est. value
$19.7M
MEDICAL BUILDING
Est. value
$16.7M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Cooling
Yes
Stories
4
Lot
10.22 ac
Current owner
From public records · entity-resolved
M M O LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2958 NW 156TH ST, EDMOND, OK 73013-2102
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2018
$15,700,000
M M O LLC
10561 Road
Grant Deed
—
Dec 8, 2005
$22,500,000
First States Inv 241 LLC
One Colonial Place Dev Co LLC
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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