Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11271 Nuckols Rd Glen Allen, VA 23059-5502
    Back to Search
    Property profile & analytics

    11271 Nuckols Rd, Glen Allen, VA 23059-5502

    View on Map
    • Retail space
    • 12,242 SF
    • 1.64 lot acres
    Off-Market
    Property ID
    US87-3839480
    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
    $1,615,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CVS Photo / (Bike/Boat/Book/etc) Store
    • MinuteClinic at CVS / Medical Clinic
    • CVS / Pharmacy
    • Huizinga Maureen E / Physician
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 11271 Nuckols Rd

    Year built
    2003
    Lot size
    1.64 lot acres
    Zone code
    B-2C
    Property type
    Retail space
    APN
    746-772-4098
    APU
    7467724098

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,440,000
      6.5%
      $2,255,000
      7%
      $2,095,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,915,000
      Current use
      AUTO REPAIR, GARAGE
      $2,675,000
      Change: +40% Conversion: Difficult
      MEDICAL BUILDING
      $2,265,000
      Change: +18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Allen
    County
    Henrico
    State
    Virginia
    Longitude
    -77.5896
    Latitude
    37.6815
    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
    $29,395
    $1,939,600
    $1,602,000
    $3,541,600
    -
    $1,939,600
    $1,602,000
    $3,541,600

    Comparable in this City

    • Value Estimation
      $2,480,000
      30,116 SF

      9901 Brk Rd

      RETAIL STORES (PERSONAL SERVICES)
      9901 Brk Rd, Glen Allen, VA 23059-6502
      View Details
    • Value Estimation
      $1,725,000
      14,748 SF

      9801 Brk Rd

      RETAIL STORES (PERSONAL SERVICES)
      9801 Brk Rd, Glen Allen, VA 23059-4530
      View Details
    • Value Estimation by Request
      1,860 SF

      11671 Greenwood Rd

      RETAIL STORES (PERSONAL SERVICES)
      11671 Greenwood Rd, Glen Allen, VA 23059
      View Details
    • Value Estimation by Request
      2,914 SF

      11607 Old Washington Hwy

      RETAIL STORES (PERSONAL SERVICES)
      11607 Old Washington Hwy, Glen Allen, VA 23059-4704
      View Details
    • Value Estimation
      $2,240,000
      23,500 SF

      10091 Brk Rd

      RETAIL STORES (PERSONAL SERVICES)
      10091 Brk Rd, Glen Allen, VA 23059-6506
      View Details
    • Value Estimation by Request
      3,936 SF

      10069 Brk Rd

      RETAIL STORES (PERSONAL SERVICES)
      10069 Brk Rd, Glen Allen, VA 23059-6506
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      ALDI NNN Lease Investment Opportunity

      NNN lease investment opportunity with ALDI in Glen Allen, VA.
      10310 Washington Hwy, Glen Allen, VA 23059
      View Details
    • $175,000
      Pending

      Glen Allen 6-Acre Lot

      6-acre lot with convenient highway access in Glen Allen.
      Old Washington Hwy, Glen Allen, VA 23059
      View Details
    • Contact for pricing

      5.67 Acres in Twin Hickory

      Land in high-income area with access to I-295.
      11320 New Wade Ln, Glen Allen, VA 23059
      View Details
    • Contact for pricing

      317 Acres of Land Parcels

      Multiple land parcels totaling 317 acres for sale.
      13080 Mountain Rd, Glen Allen, VA 23059
      View Details
    • $2,450,000
      Pending

      Henrico Land For Sale

      7.3 acres of land zoned A-1 in Henrico, Virginia.
      4796 Pouncey Tract Rd, Henrico, VA 23059
      View Details
    • Contact for pricing
      40,632 SF

      Glen Allen Warehouse with Expansion Potential

      Warehouse with office, break room, and expansion possibilities.
      1100 Technology Park Dr, Glen Allen, VA 23059
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,550 SF

      Retail Space in High-Income Area

      Endcap retail space with outdoor area in Glen Allen, VA.
      5400 Wyndham Forest Dr, Glen Allen, VA 23059
      View Details
    • Contact for pricing
      2,402 SF

      Retail Space with Drive-Thru

      End unit with drive-thru in vibrant industrial market.
      10392 Washington Hwy, Ashland, VA 23059
      View Details
    • $29 SF/Yr
      1,600 SF

      Retail Space Near I-95

      Retail spaces available in high-demand shopping center near I-95.
      1080 Virginia Center Pkwy, Glen Allen, VA 23059
      View Details
    • Contact for pricing
      4,400 SF

      Retail Space on Route 1

      Retail space available fronting Route 1 with high traffic.
      9921 Brook Rd, Glen Allen, VA 23059
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease on Route 1.
      1 & Kings Acres Rd, Glen Allen, VA 23059
      View Details
    • Contact for pricing

      Retail Space on Brook Road

      Highly visible retail space with ample parking and easy access.
      9853 Brook Rd, Glen Allen, VA 23059
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11271 Nuckols Rd
    Glen Allen, VA 23059-5502
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11271 Nuckols Rd, Glen Allen, VA, 23059
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!