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Property profile & analytics
OFF-MARKET
Estimated value
$6,225,000
Hotels
8607 Telegraph Rd Glen Allen, VA 23060
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1336239
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2009
Total area
35,955 SF
Lot
1.89 ac (82,241 SF)
Zoning code
MIXE
APN
784-758-4424
UPID
US87-1336239
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
-
Best Western Plus Glen Allen Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.23M
CAP Approach
CAP
$5.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.23M
Owner & transaction history
Glen Hospitality LLC · 1 yrs held
Glen Hospitality LLC
since 2024
Last sale
$6.2M
6 recorded transactions
Zoning & alternative use
MIXE · Glen Allen, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.7M
+788.2%
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
$6,225,000
ML approach
$6,225,000
CAP Approach
CAP Return
Estimation
6%
$5,705,000
6.5%
$5,265,000
7%
$4,890,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,665,000
Change: +788% · Conversion: Difficult
Blend value · Realmo final
$6.23M
Range $5.60M – $6.85M · ±10% · vs last sale $6.23M (Nov 22 2024)
Last sale anchor
$6.23M
Nov 22 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
$173 / 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
$26,160
Tax year 2023
Assessed value
$3,077,700
Assessed 2024
Previous assessed
$3,077,700
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$555,100
Assessed improvement
$2,522,600
Land market value
$555,100
Improvement market value
$2,522,600
Total market value
$3,077,700
Applied tax rate
4.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2009
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
3
Total area
35,955 SF
Lot
1.89 ac (82,241 SF)
Zoning code
MIXE
APN
784-758-4424
UPID
US87-1336239
Jurisdiction
HENRICO
Zoning & alternative use
MIXE · Glen Allen, VA
Zoning MIXE · permitted uses
MIXE · 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
COMMERCIAL (GENERAL)
Est. value
$4.7M
COMMERCIAL (GENERAL)
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
2009
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Lot
1.89 ac
Current owner
From public records · entity-resolved
Glen Hospitality LLC
Entity
Mailing address
4513 JALBERT DR, GLEN ALLEN, VA 23060-6204
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Nov 22, 2024
$6,225,000
Glen Hospitality LLC
Glen Allen Hotel LLC
Warranty Deed
$3,000,000 · Hospitality Financing Corp
Jan 5, 2010
—
County Of Henrico Virginia
Glen Allen Hotel LLC
Grant Deed
related
—
Aug 28, 2008
—
Glen Allen Hotel LLC
—
Deed Of Trust
related
$4,220,000 · Peoples Bank Va
Jun 27, 2008
$550,000
Glen Allen Hotel LLC
Patel,bhupendra B & Maniben B
Grant Deed
—
Jan 24, 2007
$372,000
Bhupendra B Patel
Cox,sidney B JR & Nellie S
Grant Deed
—
—
—
Bhupendra B Patel
—
Deed Of Trust
related
$460,000 · First Capital Bank Ssb
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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