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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Office buildings
11541 Nuckols Rd Glen Allen, VA 23059-5668
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US87-0016498
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Total area
7,533 SF
Lot
6.48 ac (282,259 SF)
Zoning code
O-S
APN
744-775-9229.091
UPID
US87-0016498
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
-
Clarkson David CPA Tax Preparation
-
Virginia Healthcare Services Home Health Care Service
-
Kalyan Hospitality Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.03M
Owner & transaction history
Kalyan Plaza LLC · 10 yrs held
Kalyan Plaza LLC
since 2015
Last sale
$1.0M
6 recorded transactions
Zoning & alternative use
O-S · 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
$1,025,000
ML approach
$1,025,000
CAP Approach
CAP Return
Estimation
6%
$1,460,000
6.5%
$1,350,000
7%
$1,255,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,645,000
Change: -5% · Conversion: Difficult
MEDICAL BUILDING
$1,395,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±10% · vs last sale $1.03M (Oct 11 2024)
Last sale anchor
$1.03M
Oct 11 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
$136 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$6,078
Tax year 2023
Assessed value
$715,000
Assessed 2024
Previous assessed
$715,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$82,800
Assessed improvement
$632,200
Land market value
$82,800
Improvement market value
$632,200
Total market value
$715,000
Applied tax rate
2.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2004
Heating
HEAT PUMP
Stories
1
Total area
7,533 SF
Lot
6.48 ac (282,259 SF)
Zoning code
O-S
APN
744-775-9229.091
UPID
US87-0016498
Jurisdiction
HENRICO
Zoning & alternative use
O-S · Glen Allen, VA
Zoning O-S · permitted uses
O-S · 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
AUTO REPAIR, GARAGE
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
MEDICAL 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
2004
Heating
HEAT PUMP
Stories
1
Lot
6.48 ac
Current owner
From public records · entity-resolved
Kalyan Plaza LLC
Entity
Mailing address
11541 NUCKOLS RD STE D, GLEN ALLEN, VA 23059-5668
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2015
$610,000
Kalyan Plaza LLC
Kssn LLC
Grant Deed
$518,500 · Union Bk&tr
Jan 24, 2005
$175,276
Dev Trading Investments LLC
Grove Park Square LLC
Grant Deed
$100,000 · Suntrust Mortgage INC
Oct 27, 2004
$144,210
Klondike Properties LLC
Grove Park Square LLC
Grant Deed
$175,320 · First Market Bank
Sep 27, 2004
$252,396
D Coleman Properties LLC
Grove Park Square LLC
Grant Deed
—
Jul 23, 2004
$418,664
Kssn LLC
Grove Park Square LLC
Grant Deed
$508,500 · First Citizens Bank & Trust Co
—
—
Pact Real Estate
—
Deed Of Trust
related
$400,000 · Suntrust Bank NA
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.
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