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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11020 Broad St Glen Allen, VA 23060-5936

    • Specialty properties
    • 13,736 SF
    • 4.75 lot acres
    OFF-MARKET
    Value Estimations
    $625,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1251844
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bennett Funeral Home / Funeral Home

    Property Details for 11020 Broad St

    Year built
    1982
    Lot size
    4.75 lot acres
    Property size
    13,736 SF
    Zone code
    R-6C
    Property type
    Specialty properties
    APN
    746-761-8512
    APU
    7467618512

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $625,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $970,000
      MEDICAL BUILDING
      $610,000
      NEIGHBORHOOD: SHOPPING CENTER
      $600,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Glen Allen
    County
    Henrico
    State
    Virginia
    Longitude
    -77.5883
    Latitude
    37.6489
    CBSA code
    40060
    CBSA name
    RICHMOND, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $38,191
    $2,755,100
    $1,737,900
    $4,493,000
    -
    $2,755,100
    $1,737,900
    $4,493,000

    Comparable in this City

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      $840,000
      10,000 SF

      4366 Springfield Rd

      CHARITABLE ORGANIZATION • 10,000 SF
      4366 Springfield Rd, Glen Allen, VA 23060-4109
      View Details
    • Value Estimation by Request
      5,609 SF

      2522 Indale Rd

      CHARITABLE ORGANIZATION • 5,609 SF
      2522 Indale Rd, Glen Allen, VA 23060-4406
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    • Value Estimation by Request
      4,281 SF

      3024 Mtn Rd

      CHARITABLE ORGANIZATION • 4,281 SF
      3024 Mtn Rd, Glen Allen, VA 23060-2001
      View Details
    • Value Estimation
      $735,000
      9,892 SF

      2501 Old Brick Rd

      DAY CARE, PRE-SCHOOL • 9,892 SF
      2501 Old Brick Rd, Glen Allen, VA 23060-5848
      View Details
    • Value Estimation
      $610,000
      11,848 SF

      4617 Vlg Run Dr

      DAY CARE, PRE-SCHOOL • 11,848 SF
      4617 Vlg Run Dr, Glen Allen, VA 23060-3357
      View Details
    • Value Estimation by Request
      3,380 SF

      5101 Francistown Rd

      DAY CARE, PRE-SCHOOL • 3,380 SF
      5101 Francistown Rd, Glen Allen, VA 23060
      View Details

    Similar Nearby for Sale

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      Glen Allen Specialty Property

      Specialty property for sale in Glen Allen, Virginia.
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    • Contact for pricing
      85,820 SF

      Manufacturing Warehouse with Crane Access

      44,015 SF manufacturing warehouse with cranes and outside storage.
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    • $190,000
      0.43 Acres

      Vacant Lot in Mountain Run

      Corner lot with sheds, driveway, and pond; no HOA.
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      View Details
    • $185,000
      Pending

      Glen Allen Land Development Opportunity

      1.67 acres, 8 lots, prime Glen Allen location.
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    • $1,200,000
      1.25 Acres

      Short Pump Retail Land Investment

      1.25-Acre Developable Retail Tract
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    • $950,000
      1,283 SF

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      Retail property for sale with additional income potential.
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    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Office/Medical Build-To-Suit Opportunity

      5,000 SF office/medical space for rent, build-to-suit.
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      View Details
    • Contact for pricing
      2,410 SF

      Glen Allen Office Space Available

      Office space in Innsbrook Corporate Center with lakeside views.
      4991 Lake Brook Dr, Glen Allen, VA 23060
      View Details
    • Contact for pricing
      12,493 SF

      Glen Allen Office Space Available

      Office space for rent in Glen Allen, Virginia.
      4200 Innslake Dr, Glen Allen, VA 23060
      View Details
    • $19 SF/Yr
      2,029 SF

      Freestanding Office Building For Rent

      Single-story Class A office building with convenient parking and signage.
      4202 Park Place Ct, Glen Allen, VA 23060
      View Details
    • Contact for pricing
      2,831 SF

      Glen Allen Executive Office Suites

      Prestigious Class A Office Space Available
      10132 Broad St, Glen Allen, VA 23060
      View Details
    • Contact for pricing
      21,869 SF

      Lexington Commons Office Suites

      Glen Allen, VA Executive Office Space Available
      10156-10192 Broad St, Glen Allen, VA 23060
      View Details
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    11020 Broad St
    Glen Allen, VA 23060-5936
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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