Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8613 Brk Rd Glen Allen, VA 23060-4021
    Back to Search
    Property profile & analytics

    8613 Brk Rd, Glen Allen, VA 23060-4021

    View on Map
    • Hotels
    • 19,334 SF
    • 1.04 lot acres
    Off-Market
    Property ID
    US87-0890792
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Days Inn by Wyndham Glen Allen/Richmond North / Hotel & Motel

    Property Details for 8613 Brk Rd

    Year built
    2003
    Lot size
    1.04 lot acres
    Zone code
    B-3
    Property type
    Hotels
    Property subtype
    Motels
    APN
    784-758-1973
    APU
    7847581973

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 12, 2005 — Kantilal M Patel — Grant Deed · related $1.1M · Peoples Bank Va

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Allen
    County
    Henrico
    State
    Virginia
    Longitude
    -77.4595
    Latitude
    37.6412
    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
    $0.00
    $308,000
    $765,700
    $1,073,700
    -
    $308,000
    $765,700
    $1,073,700

    Comparable in this City

    • Value Estimation
      $1,455,000
      95,863 SF

      4050 Cox Rd

      HOTEL/MOTEL
      4050 Cox Rd, Glen Allen, VA 23060-3396
      View Details
    • Value Estimation
      $11,755,000
      71,580 SF

      4100 Cox Rd

      HOTEL/MOTEL
      4100 Cox Rd, Glen Allen, VA 23060-3316
      View Details
    • Value Estimation
      $6,225,000
      35,955 SF

      8607 Telegraph Rd

      HOTEL/MOTEL
      8607 Telegraph Rd, Glen Allen, VA 23060
      View Details
    • Value Estimation
      $2,340,000
      154,014 SF

      4240 Dominion Blvd

      HOTEL/MOTEL
      4240 Dominion Blvd, Glen Allen, VA 23060-3391
      View Details
    • Value Estimation by Request
      18,776 SF

      8901 Brk Rd

      HOTEL/MOTEL
      8901 Brk Rd, Glen Allen, VA 23060-4027
      View Details
    • Value Estimation
      $1,175,000
      83,239 SF

      3939 Duckling Dr

      HOTEL/MOTEL
      3939 Duckling Dr, Glen Allen, VA 23060-5895
      View Details

    Similar Nearby for Sale

    • $3,800,000

      Prime Development Land in Short Pump

      2.37-acre site with M-1C zoning in Short Pump area.
      4150 Tom Leonard Dr, Glen Allen, VA 23060
      View Details
    • Contact for pricing
      1,283 SF

      Retail Property with Route 1 Frontage

      Retail property for sale with additional income potential.
      9101 Brook Rd, Glen Allen, VA 23060
      View Details
    • $1,750,000

      Commercial Land Near Retailers

      1.52 acre commercial land for sale in Short Pump.
      4150 Tom Leonard Dr, Glen Allen, VA 23060
      View Details
    • $150,000
      Pending

      Glen Allen Wooded Lot For Sale

      0.74 acre lot near Short Pump and major interstates.
      11571 Edinburgh Rd, Glen Allen, VA 23060
      View Details
    • Contact for pricing

      Short Pump Developable Parcel

      Developable commercial land parcel in the heart of Short Pump.
      4260 Pouncey Tract Rd, Glen Allen, VA 23060
      View Details
    • Contact for pricing

      Prime Development Land in Short Pump

      2.37-acre site in Short Pump with M-1C zoning.
      4150 Tom Leonard Dr, Glen Allen, VA 23060
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      60,000 SF

      Prominent Office Building For Lease

      Office building with signage and covered parking available for lease.
      2151 Old Brick Rd, Glen Allen, VA 23060
      View Details
    • Contact for pricing

      Glen Allen Restaurant Opportunity

      Freestanding restaurant shell space available for lease in Glen Allen.
      9010 Brook Rd, Glen Allen, VA 23060
      View Details
    • Contact for pricing
      25,429 SF

      Glen Allen Office Space Available

      Office space available for rent in Glen Allen, Virginia.
      4931 Lk Brooke Dr, Glen Allen, VA 23060
      View Details
    • Contact for pricing
      3,442 SF

      Glen Allen Office Space Available

      Office space for rent in the heart of Innsbrook.
      4490 Cox Rd, Glen Allen, VA 23060
      View Details
    • Contact for pricing
      1,600 SF

      Glen Allen Retail Space Available

      Retail space for lease in Henrico County shopping center.
      10250-10298 Staples Mill Rd, Glen Allen, VA 23060
      View Details
    • Contact for pricing
      4,986 SF

      Innsbrook Office Space Available

      Class B office building in Innsbrook Office Park for lease.
      4121 Cox Rd, Glen Allen, VA 23060
      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.
    8613 Brk Rd
    Glen Allen, VA 23060-4021
    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
    8613 Brk Rd, Glen Allen, VA, 23060
    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!