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    11120 Patterson Ave Henrico, VA 23238-5028
    Property profile & analytics

    11120 Patterson Ave, Henrico, VA 23238-5028

    View on Map

    • Retail space
    • 13,696 SF
    • 2.59 lot acres
    Off-Market
    Last Sale Apr 11, 2022
    $3,600,000
    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.

    Value Estimations
    $2,965,000
    Show details
    Cap Rate Potential
    5.3%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 11120 Patterson Ave

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

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 11, 2022 $3,600,000 Nest LLC Red Dog Capital LLC Special Warranty Deed —
    Apr 1, 2022 $2,941,951 Red Dog Capital LLC Lauderdale Land Company LLC Special Warranty Deed —
    Apr 1, 2022 — Red Dog Capital LLC — Deed · related $39.1M · Townebank
    Oct 7, 2011 — Lauderdale Land Co LLC — Deed Of Trust · related $5.8M · First Community Bank
    Jun 1, 2011 — Lauderdale Land Co LLC Virginia Electric & Power Co Quit Claim Deed · related —
    Sep 25, 2009 — Lauderdale Land Co LLC Tuckahoe Village Shopping Cent Grant Deed $1.6M · Regions Bank

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $2,805,000
      ML approach
      $2,810,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $2,490,000
      6.5%
      $2,300,000
      7%
      $2,135,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,679,000
      Market price range: $1.14M - $3.18M
    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,975,000
      Current use
      RESTAURANT
      $3,855,000
      Change: +95% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,495,000
      Change: +26% Conversion: Difficult
      MEDICAL BUILDING
      $2,280,000
      Change: +16% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,250,000
      Change: +14% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $2,200,000
      Change: +12% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,165,000
      Change: +10% Conversion: Easy
      OFFICE BUILDING
      $2,025,000
      Change: +3% Conversion: Easy

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


    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
    More about this property
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