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Property profile & analytics
OFF-MARKET
Estimated value
$2,075,000
Grocery and convenience stores
10950 Nuckols Rd Glen Allen, VA 23060-6209
Entity Owned
21-yr Hold
Free & Clear
Property ID
US87-3867244
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1999
Total area
7,374 SF
Lot
2.35 ac (102,235 SF)
Zoning code
M-1C
APN
750-767-6154
UPID
US87-3867244
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
-
Market Cafe Restaurant
-
Exxon Gas Station
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Amazon Hub Locker - Leave Postal Service Courier Service
-
ATM (Market Cafe) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.07M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$2.08M
Owner & transaction history
River City Petroleum LLC · 21 yrs held
River City Petroleum LLC
since 2005
3 recorded transactions
Zoning & alternative use
M-1C · Glen Allen, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+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%
$2,245,000
6.5%
$2,070,000
7%
$1,925,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,155,000
Current use
RESTAURANT
$2,675,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$1,825,000
Change: -15% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,805,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.08M
Range $1.87M – $2.28M · ±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
$281 / 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
$30,966
Tax year 2023
Assessed value
$3,643,000
Assessed 2024
Previous assessed
$3,643,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$2,172,500
Assessed improvement
$1,470,500
Land market value
$2,172,500
Improvement market value
$1,470,500
Total market value
$3,643,000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1999
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
7,374 SF
Lot
2.35 ac (102,235 SF)
Zoning code
M-1C
APN
750-767-6154
UPID
US87-3867244
Jurisdiction
HENRICO
Zoning & alternative use
M-1C · Glen Allen, VA
Zoning M-1C · permitted uses
M-1C · 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
$2.2M
RESTAURANT
Est. value
$2.7M
OFFICE BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
OFFICE BUILDING
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
1999
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.35 ac
Current owner
From public records · entity-resolved
River City Petroleum LLC
Entity
Free & Clear · 21 yrs held
Mailing address
10950 NUCKOLS RD, GLEN ALLEN, VA 23060-6209
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2005
$3,900,000
River City Petroleum LLC
Doswell Ventures LLC
Grant Deed
—
—
—
River City Petroleum LLC
—
Deed Of Trust
related
$1,338,000 · Rappahannock Economic Dev Corp
—
—
River City Petroleum LLC
—
Deed Of Trust
related
$2,925,000 · Sonabank NA
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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