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    Property profile & analytics

    11129 Washington Hwy Glen Allen, VA 23059-1908

    • Commercial real estate
    • 50.20 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 12, 2023
    $48,000,000
    Location Intelligence
    Property ID
    US87-0232981
    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

    • Commercial real estate

    Property Details for 11129 Washington Hwy

    Year built
    2023
    Lot size
    50.20 lot acres
    Zone code
    M-2
    Property type
    Commercial real estate
    APN
    7788-11-1987
    APU
    7788111987

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Glen Allen
    County
    Hanover
    State
    Virginia
    Longitude
    -77.469
    Latitude
    37.7053
    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
    2024
    $289,960
    $4,378,500
    $31,419,000
    $35,797,500
    -
    $4,378,500
    $31,419,000
    $35,797,500

    Comparable in this City

    • Value Estimation
      $125,000
      1.10 Acres

      Cedar Ln Ln

      COMMERCIAL (GENERAL) • 1.10 Acres
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    • Value Estimation by Request
      3,750 SF

      11000 Washington Hwy

      COMMERCIAL (GENERAL) • 3,750 SF
      11000 Washington Hwy, Glen Allen, VA 23059-1904
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    • Value Estimation
      $510,000
      8,504 SF

      11028 Washington Hwy

      COMMERCIAL (GENERAL) • 8,504 SF
      11028 Washington Hwy, Glen Allen, VA 23059-1904
      View Details
    • Value Estimation by Request
      12,375 SF

      11209 Washington Hwy

      COMMERCIAL (GENERAL) • 12,375 SF
      11209 Washington Hwy, Glen Allen, VA 23059
      View Details
    • Value Estimation by Request
      12,772 SF

      11067 Washington Hwy

      COMMERCIAL (GENERAL) • 12,772 SF
      11067 Washington Hwy, Glen Allen, VA 23059-1906
      View Details
    • Value Estimation
      $3,285,000
      13,260 SF

      10231 Washington Hwy

      COMMERCIAL (GENERAL) • 13,260 SF
      10231 Washington Hwy, Glen Allen, VA 23059-1961
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    • $5,000,000
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      Multiple land parcels totaling 317 acres for sale.
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      Glen Allen Warehouse with Expansion Potential

      Warehouse with office, break room, and expansion possibilities.
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    Similar Nearby for Lease

    • Contact for pricing
      24,400 SF

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    • $12 SF/Yr
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      Detached office space with a usable walk-out basement.
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    • Contact for pricing
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    • $24 SF/Yr
      77,114 SF

      Glen Allen Executive Office Suites

      Class A Office Space, 1,269-4,730 SF Available
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      Land available near Henrico Sports & Events Center.
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      22,921 SF warehouse space with 140' truck court.
      10384 Cedar Ln, Glen Allen, VA 23059
      View Details
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    Glen Allen, VA 23059-1908
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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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