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Property profile & analytics
FOR LEASE
Strip malls
1070 Virginia Center Pkwy Glen Allen, VA 23059
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-1342337
For Lease
1 / 4
$6,855,000
1070 Virginia Center Pkwy, Glen Allen, VA 23059
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Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Total area
25,000 SF
Lot
1 ac (43,560 SF)
Zoning code
M-1
APN
784-768-1805
UPID
US87-1342337
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
-
Chipotle Mexican Grill Restaurant
-
Q Barbeque Restaurant
-
Firehouse Subs Virginia Center Station Take-out & Catering
-
Mattress Firm Glen Allen Furniture & Home Goods
-
Marco's Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.03M
Comparable Approach
Comparable
$7.39M
Blend (final)
Blend
$6.86M
Owner & transaction history
Threelo LLC · 1 yrs held
Threelo LLC
since 2025
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
M-1 · Glen Allen, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.1M
+24.1%
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%
$7,610,000
6.5%
$7,025,000
7%
$6,520,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,310,000
Current use
RESTAURANT
$9,070,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,125,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$6.86M
Range $6.17M – $7.54M · ±10% · vs last sale $6.50M (Mar 13 2025)
Last sale anchor
$6.50M
Mar 13 2025
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
$274 / 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
$62,019
Tax year 2023
Assessed value
$7,296,400
Assessed 2024
Previous assessed
$7,296,400
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,281,400
Assessed improvement
$6,015,000
Land market value
$1,281,400
Improvement market value
$6,015,000
Total market value
$7,296,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2006
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
25,000 SF
Lot
1 ac (43,560 SF)
Zoning code
M-1
APN
784-768-1805
UPID
US87-1342337
Jurisdiction
HENRICO
Zoning & alternative use
M-1 · Glen Allen, VA
Zoning M-1 · permitted uses
M-1 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$7.3M
RESTAURANT
Est. value
$9.1M
COMMERCIAL (GENERAL)
Est. value
$6.1M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
COMMERCIAL (GENERAL)
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
2006
Heating
NONE
Cooling
Yes
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Threelo LLC
Entity
Free & Clear · 1 yrs held
Mailing address
GLEN, ALLEN, VA 23058
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2025
$6,500,000
Threelo LLC
Hdjr Central LLC
Special Warranty Deed
—
Aug 18, 2020
—
Hdjr Ctrl LLC
—
Deed
related
$150,000 · Virginia Ptrs Bk
Dec 17, 2019
—
Hdjr Central LLC
—
Deed
related
$150,000 · Virginia Partners Bank
Dec 30, 2011
$3,550,000
Lmd Invest LLC
Northeast Land & Investment Co
Deed Of Trust
$2,675,000 · Virginia Commerce Bank
Dec 12, 2011
$4,100,000
Northeast Land & Investment Co
Lj & J Prop LLC
Grant Deed
—
Jan 3, 2008
—
Triadelphia Props LLC
Kim,kawng & Boo
Grant Deed
related
—
Dec 21, 2007
$8,212,373
Lj & J Property LLC
Vc Silver LLC
Deed Of Trust
$6,150,000 · Virginia Commerce Bank
Apr 5, 2007
$6,738,822
Kwang W Kim
Vc Silver LLC
Grant Deed
$4,840,000 · First Market Bank Fsb
May 18, 2004
—
V C Silver LLC
—
Deed Of Trust
related
$8,000,000 · First Market Bank
Apr 26, 2004
$2,400,000
Vc Silver LLC
Bfld LLC
Grant Deed
—
—
—
S & J Chen LLC
—
Deed Of Trust
$2,500,000 · Citibank Fsb
—
—
Lj & J Property LLC
—
Deed Of Trust
related
$30,750 · Vc Silver LLC
—
—
Hdjr Ctrl LLC
—
Deed Of Trust
related
$150,000 · Virginia Ptrs Bk
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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