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Property profile & analytics
OFF-MARKET
Estimated value
$17,350,000
Super regional malls
10819 Broad St Glen Allen, VA 23060-3367
Entity Owned
2-yr Hold
Free & Clear
Property ID
US87-1261227
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1987
Total area
38,424 SF
Lot
5.35 ac (233,046 SF)
Zoning code
B-3
APN
748-759-5797
UPID
US87-1261227
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
-
West Marine Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$17.35M
CAP Approach
CAP
$10.80M
Comparable Approach
Comparable
$11.23M
Blend (final)
Blend
$17.35M
Owner & transaction history
Nrp Parkside Marketplace LLC · 2 yrs held
Nrp Parkside Marketplace LLC
since 2024
Last sale
$17.4M
2 recorded transactions
Zoning & alternative use
B-3 · Glen Allen, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.9M
+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
$17,350,000
ML approach
$17,350,000
CAP Approach
CAP Return
Estimation
6%
$11,695,000
6.5%
$10,795,000
7%
$10,025,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$11,230,000
Current use
RESTAURANT
$13,940,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$17.35M
Range $15.62M – $19.09M · ±10% · vs last sale $17.35M (Feb 14 2024)
Last sale anchor
$17.35M
Feb 14 2024
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
$452 / 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
Previous assessed
$13,872,700
Applied tax rate
2.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1987
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
38,424 SF
Lot
5.35 ac (233,046 SF)
Zoning code
B-3
APN
748-759-5797
UPID
US87-1261227
Jurisdiction
HENRICO
Zoning & alternative use
B-3 · Glen Allen, VA
Zoning B-3 · permitted uses
B-3 · 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
$11.2M
RESTAURANT
Est. value
$13.9M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
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
1987
Heating
NONE
Cooling
Yes
Stories
1
Lot
5.35 ac
Current owner
From public records · entity-resolved
Nrp Parkside Marketplace LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1730 RHODE IS AVE NW STE #909, WASHINGTON, DC 20036-3113
Ownership since
2024
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
Mar 6, 2025
—
Nrp Parkside Marketplace LLC
—
Deed
related
$10,091,351 · Teachers Insurance And Annuity Associati
Feb 14, 2024
$17,350,000
Nrp Parkside Marketplace LLC
Pmk LLC
Special Warranty Deed
—
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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