Entity Owned 
For Lease
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11551 Nuckols Rd, Glen Allen, VA 23059
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Property summary
AI-generated overview
The property is a single-story medical office building totaling 62,471 square feet, with office suites that can be subdivided into spaces ranging from 407 to 5,049 square feet. It is located near Short Pump and Innsbrook, close to the Interstate 295/Interstate 64 interchange. Verizon and Comcast fiber services are available, and the exterior facade supports signage. Parking is provided at the front door. Facilities at a neighboring building include a full-service fitness center and a tenant lounge.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Total area
67,667 SF
Lot
6.21 ac (270,638 SF)
Zoning code
O-S
APN
744-775-3543
UPID
US87-3426992
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Event Planning Party Supply Store
-
Dental Office
-
Dental Office
-
Dental Office
-
Crisis Center Medical Clinic
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.78M
Blend (final)
Blend
$7.01M
Owner & transaction history
Zoning & alternative use
O-S · Glen Allen, VA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$7.01M
Value range
$6.31M – $7.71M
±10% around blend
Estimated value / SF
$104 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$6.31M
blend $7.01M
$7.71M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
67,667 SF
Lot area
6.21 ac
Year built
1997
Stories
1
APN
744-775-3543
Zoning
O-S
Assessed value
$7,227,000
Annual tax
$59,984
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$59,984
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$9.78M
Range $9.78M – $25.19M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$7.01M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 57 sales
$230
-55%
County 201 sales
$156
-33%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $104/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$9.74M
Move the market yield to see immediate price impact.
Value / SF
$144
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$614k
$12.28M
$8.77M
$6.82M
$682k
$13.64M
$9.74M
$7.58M
$750k
$15.00M
$10.72M
$8.34M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$59,984
Tax year 2023
Assessed value
$7,227,000
Assessed 2024
Previous assessed
$7,227,000
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$1,353,200
Assessed improvement
$5,873,800
Land market value
$1,353,200
Improvement market value
$5,873,800
Total market value
$7,227,000
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1997
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
67,667 SF
Lot
6.21 ac (270,638 SF)
Zoning code
O-S
APN
744-775-3543
UPID
US87-3426992
Jurisdiction
HENRICO
Zoning & alternative use
O-S · Glen Allen, VAZoning O-S · permitted uses
O-S · Glen Allen, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1997
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
6.21 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
O-S
Jurisdiction
Glen Allen, VA
Recorded code
O-S
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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