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Property profile & analytics
OFF-MARKET
Estimated value
$8,650,000
Hotels
1101 Technology Park Dr Glen Allen, VA 23059-4542
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-0327202
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2006
Total area
59,012 SF
Lot
2 ac (87,120 SF)
Zoning code
M-1
APN
784-768-5140
UPID
US87-0327202
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
-
Hampton Inn & Suites Richmond/Virginia Center Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.33M
CAP Approach
CAP
$8.65M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.65M
Owner & transaction history
Nova Glen Allen Hotels LLC · 4 yrs held
Nova Glen Allen Hotels LLC
since 2022
Last sale
$9.0M
4 recorded transactions
Zoning & alternative use
M-1 · Glen Allen, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.9M
+819.7%
Office building
$7.0M
+716.7%
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
$8,270,000
ML approach
$8,330,000
CAP Approach
CAP Return
Estimation
6%
$9,365,000
6.5%
$8,645,000
7%
$8,025,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,925,000
Change: +820% · Conversion: Difficult
OFFICE BUILDING
$7,035,000
Change: +717% · Conversion: Difficult
Blend value · Realmo final
$8.65M
Range $7.79M – $9.52M · ±10% · vs last sale $9.00M (Jun 27 2022)
Last sale anchor
$9.00M
Jun 27 2022
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
$147 / 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
$64,987
Tax year 2023
Assessed value
$7,645,500
Assessed 2024
Previous assessed
$7,645,500
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$610,300
Assessed improvement
$7,035,200
Land market value
$610,300
Improvement market value
$7,035,200
Total market value
$7,645,500
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2006
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
4
Total area
59,012 SF
Lot
2 ac (87,120 SF)
Zoning code
M-1
APN
784-768-5140
UPID
US87-0327202
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
COMMERCIAL (GENERAL)
Est. value
$7.9M
OFFICE BUILDING
Est. value
$7.0M
COMMERCIAL (GENERAL)
OFFICE 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
2006
Heating
HEAT PUMP
Cooling
Yes
Stories
4
Lot
2 ac
Current owner
From public records · entity-resolved
Nova Glen Allen Hotels LLC
Entity
Free & Clear · 4 yrs held
Mailing address
6627 W BROAD ST STE #300, RICHMOND, VA 23230-1733
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2022
—
Nova Glen Allen Hotels LLC
—
Deed
related
$9,900,000 · Bank Of Montreal
Jun 27, 2022
$9,000,000
Nova Glen Allen Hotels LLC
Sunstone Corp
Special Warranty Deed
—
Aug 19, 2008
—
Sunstone Corportion
—
Deed Of Trust
related
$7,600,000 · Stellarone Bank
—
—
Nobility Investments LLC
—
Deed Of Trust
related
$9,000 · Branch Banking & Trust Co
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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