New search
Property profile & analytics
OFF-MARKET
Estimated value
$6,750,000
Commercial real estate
11023 Washington Hwy Glen Allen, VA 23059-1963
Entity Owned
2-yr Hold
Free & Clear
Property ID
US87-0886491
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1973
Total area
38,400 SF
Lot
16.9 ac (736,164 SF)
Zoning code
M-2
APN
7788-10-9464
UPID
US87-0886491
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
-
Integris Truck and Trailer Service Auto Repair Shop
-
Integris Trailer Repair Auto Repair Shop
-
New Leaf Landscaping, Inc. Landscaping General Contractor
-
Highland's Transport LLC Trucking Company
-
RLC Technologies, Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.75M
CAP Approach
CAP
$5.19M
Comparable Approach
Comparable
$4.79M
Blend (final)
Blend
$6.75M
Owner & transaction history
11023 Washington LLC · 2 yrs held
11023 Washington LLC
since 2024
Last sale
$6.8M
7 recorded transactions
Zoning & alternative use
M-2 · 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
$6,750,000
ML approach
$6,750,000
CAP Approach
CAP Return
Estimation
6%
$5,615,000
6.5%
$5,185,000
7%
$4,815,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$9,405,000
Current use
OFFICE BUILDING
$8,825,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$6.75M
Range $6.08M – $7.43M · ±10% · vs last sale $6.75M (May 20 2024)
Last sale anchor
$6.75M
May 20 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
$176 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$26,348
Tax year 2024
Assessed value
$3,252,800
Assessed 2024
Previous assessed
$3,252,800
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$1,838,000
Assessed improvement
$1,414,800
Land market value
$1,838,000
Improvement market value
$1,414,800
Total market value
$3,252,800
Applied tax rate
7.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1973
Heating
SPACE
Cooling
YES
Total area
38,400 SF
Lot
16.9 ac (736,164 SF)
Zoning code
M-2
APN
7788-10-9464
UPID
US87-0886491
Jurisdiction
HANOVER
Zoning & alternative use
M-2 · Glen Allen, VA
Zoning M-2 · permitted uses
M-2 · 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) Current
Est. value
$9.4M
OFFICE BUILDING
Est. value
$8.8M
COMMERCIAL (GENERAL) Current
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
1973
Heating
SPACE
Cooling
Yes
Lot
16.9 ac
Current owner
From public records · entity-resolved
11023 Washington LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4 STAR PT #204, STAMFORD, CT 06902-8927
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2024
$6,750,000
11023 Washington LLC
Hanover Park Lc
Special Warranty Deed
—
Aug 7, 2009
—
Pk Lc Hanover
—
Grant Deed
related
$1,350,000 · Evb
Jan 19, 2005
—
Hanover Park LLC
—
Deed Of Trust
related
$1,500,000 · Hanover Bank
—
—
Hanover Park Lc
—
Deed Of Trust
related
$500,000 · Hanover Bank
—
—
Hanover Park Lc
—
Deed Of Trust
related
$1,450,000 · Branch Bk&tr
—
—
Hanover Park Lc
—
Loan Modification
related
$1,800,000 · Branch Bk&tr
—
—
Park L C Hanover
—
Deed Of Trust
related
$303,745 · Hanover Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 11023 Washington Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
