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    Property profile & analytics

    11120 Patterson Ave Henrico, VA 23238-5028

    • Retail space
    • 13,696 SF
    • 2.59 lot acres
    OFF-MARKET
    Value Estimation
    $3,210,000
    Last Sale
    Apr 11, 2022
    $3,600,000
    Location Intelligence
    Property ID
    US87-0768479
    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

    • CVS Pharmacy / Pharmacy
    • CVS / Cosmetics Store / Stationery Store
    • CVS Photo / Photo Shop / Passport Photo Processor
    • Redbox / Dvd Store / Movie Rental Store
    • Eugene Emerson / Pharmacy

    Property Details for 11120 Patterson Ave

    Year built
    2010
    Lot size
    2.59 lot acres
    Property size
    13,696 SF
    Zone code
    B-2C
    Property type
    Retail space
    APN
    738-742-9542
    APU
    7387429542

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,805,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,365,000
      6.5%
      $3,655,000
      7%
      $3,465,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,975,000
      Geo Method
      $4,090,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,175,000
      Retail
      $3,835,000
      Mixed-Use
      $3,280,000
      Hospitality
      $3,805,000
      Educational
      $4,020,000
      Residential Income
      $3,350,000
      Energy
      $3,940,000
      Income-Based Land
      $3,470,000
      Food Service
      $3,520,000

    Location Insight

    • Map
    • Local Demand
    City
    Henrico
    County
    Henrico
    State
    Virginia
    Longitude
    -77.6166
    Latitude
    37.5978
    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
    $22,016
    $812,900
    $1,839,600
    $2,652,500
    -
    $812,900
    $1,839,600
    $2,652,500

    Comparable in this City

    • Value Estimation by Request
      34,464 SF

      10500 Patterson Ave

      RETAIL STORES (PERSONAL SERVICES) • 34,464 SF
      10500 Patterson Ave, Henrico, VA 23238-5104
      View Details
    • Value Estimation by Request
      54,383 SF

      1356 Gaskins Rd

      RETAIL STORES (PERSONAL SERVICES) • 54,383 SF
      1356 Gaskins Rd, Henrico, VA 23238-4919
      View Details
    • Value Estimation
      $740,000
      6,206 SF

      1131 Gaskins Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,206 SF
      1131 Gaskins Rd, Henrico, VA 23238-5227
      View Details
    • Value Estimation by Request
      812 SF

      10446 Patterson Ave

      CONVENIENCE STORE • 812 SF
      10446 Patterson Ave, Henrico, VA 23238-5102
      View Details
    • Value Estimation
      $310,000
      2,130 SF

      11310 Patterson Ave

      CONVENIENCE STORE • 2,130 SF
      11310 Patterson Ave, Henrico, VA 23238-5012
      View Details
    • Value Estimation
      $330,000
      1,710 SF

      10504 Patterson Ave

      CONVENIENCE STORE • 1,710 SF
      10504 Patterson Ave, Henrico, VA 23238-5104
      View Details

    Similar Nearby for Sale

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    • $950,000
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    Similar Nearby for Lease

    • Contact for pricing
      450 SF

      Retail Space on Patterson Avenue

      Retail space with high visibility on a heavily traveled avenue.
      10605-10607 Patterson Ave, Richmond, VA 23238
      View Details
    • Contact for pricing
      1,510 SF

      Retail Space in Tuckahoe Village

      Retail strip center in Henrico County, Virginia.
      1104-1126 Westbriar Dr, Richmond, VA 23238
      View Details
    • Contact for pricing
      5,600 SF

      Retail Space at Oak Hill

      High-end retail and restaurant space in Richmond's West Creek.
      12608 Patterson Ave, Richmond, VA 23238
      View Details
    • Contact for pricing
      885 SF

      Retail Space on Patterson Avenue

      Retail space with high visibility on Patterson Avenue.
      10615-10623 Patterson Ave, Richmond, VA 23238
      View Details
    • Contact for pricing
      6,000 SF

      Richmond Shopping Center Retail Space

      156,917 SF shopping center with restaurant spaces and patio.
      1328-1356 Gaskins Rd, Richmond, VA 23238
      View Details
    • Contact for pricing
      541 SF

      Richmond Shopping Center Retail Space

      156,917 SF shopping center in Richmond's west end.
      1306-1322 Gaskins Rd, Richmond, VA 23238
      View Details
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    Henrico, VA 23238-5028
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    Realmo Value Estimation

    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.

    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.

    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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