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Property profile & analytics
OFF-MARKET
Estimated value
$41,645,000
Office buildings
11011 Broad St Glen Allen, VA 23060-5937
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0965643
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Total area
243,357 SF
Lot
32.34 ac (1,408,556 SF)
Zoning code
MIXE
APN
746-760-8608
UPID
US87-0965643
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
-
Westmark 1 Corporate Office
-
Suntrust Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$43.60M
Comparable Approach
Comparable
$33.40M
Blend (final)
Blend
$41.65M
Owner & transaction history
Roc III Fairlead Suntrust Cent · 9 yrs held
Roc III Fairlead Suntrust Cent
since 2017
2 recorded transactions
Zoning & alternative use
MIXE · Glen Allen, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$47,230,000
6.5%
$43,600,000
7%
$40,485,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$60,225,000
Current use
COMMERCIAL (GENERAL)
$59,615,000
Change: -1% · Conversion: Easy
AUTO REPAIR, GARAGE
$53,215,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$41.65M
Range $37.48M – $45.81M · ±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
$171 / 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
$421,781
Tax year 2023
Assessed value
$49,621,300
Assessed 2024
Previous assessed
$49,621,300
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$8,102,100
Assessed improvement
$41,519,200
Land market value
$8,102,100
Improvement market value
$41,519,200
Total market value
$49,621,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1976
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
4
Total area
243,357 SF
Lot
32.34 ac (1,408,556 SF)
Zoning code
MIXE
APN
746-760-8608
UPID
US87-0965643
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
$60.2M
COMMERCIAL (GENERAL)
Est. value
$59.6M
AUTO REPAIR, GARAGE
Est. value
$53.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1976
Heating
HOT WATER
Cooling
Yes
Stories
4
Lot
32.34 ac
Current owner
From public records · entity-resolved
Roc III Fairlead Suntrust Cent
Individual
Mailing address
1001 19TH ST N STE #930, ARLINGTON, VA 22209-1736
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Feb 2, 2017
$45,000,000
Roc III Fairlead Suntrust Cent
Rer Of New Boston West Broad St L
Grant Deed
$33,600,000 · Citizens Bk
Jan 31, 2006
$82,393
Rer Of New Boston W Broad St
Rer Of New Boston West Brd St
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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