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Property profile & analytics
OFF-MARKET
Estimated value
$23,470,000
Super regional malls
9830 Brk Rd Glen Allen, VA 23059-4529
Entity Owned
19-yr Hold
Free & Clear
Property ID
US87-3996572
Property summary
AI-generated overview
The Creeks, located at 9830-9992 Brook Rd in Glen Allen, Virginia (zip code 23059), offers a prime retail opportunity in Henrico County. This multi-tenant commercial property boasts a total of 266,099 square feet, with three available suites ranging from a minimum of 2,268 square feet to a maximum contiguous space of 23,050 square feet. A significant 34,808 square feet is currently vacant, presenting a unique chance for expansion or new tenancy. The property's address is easily accessible and situated within a thriving commercial area. The building is categorized as retail and commercial, making it suitable for a variety of businesses. This is an exceptional opportunity for businesses seeking flexible space options in a high-traffic location. The property's location in Henrico County, Virginia, offers access to a strong consumer base and excellent infrastructure. Interested parties should note the minimum divisible space is 2,268 square feet. The property is currently available for lease. Detailed floor plans and lease terms are available upon request. This is a rare opportunity to secure retail space in a desirable location.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2001
Total area
135,874 SF
Lot
31.99 ac (1,393,354 SF)
Zoning code
MIXE
APN
783-769-0315
UPID
US87-3996572
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
-
Family & Cosmetic Dentistry Dental Office
-
Dr. Avi Gibberman, DDS Dental Office
-
Express Air Care Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$23.47M
Owner & transaction history
Ddrtc Creeks Va Ctr LLC · 19 yrs held
Ddrtc Creeks Va Ctr LLC
since 2007
2 recorded transactions
Zoning & alternative use
MIXE · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$33,285,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$23.47M
Range $21.12M – $25.82M · ±10%
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
$392,355
Tax year 2023
Assessed value
$46,287,200
Assessed 2024
Previous assessed
$48,304,700
-4.2% YoY
Effective rate
0.85%
On assessed value
Assessed land
$10,537,600
Assessed improvement
$35,749,600
Land market value
$10,537,600
Improvement market value
$35,749,600
Total market value
$46,287,200
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2001
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
135,874 SF
Lot
31.99 ac (1,393,354 SF)
Zoning code
MIXE
APN
783-769-0315
UPID
US87-3996572
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
$33.3M
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
2001
Heating
NONE
Cooling
Yes
Stories
1
Lot
31.99 ac
Current owner
From public records · entity-resolved
Ddrtc Creeks Va Ctr LLC
Entity
Free & Clear · 19 yrs held
Mailing address
3300 ENTERPRISE PKWY, BEACHWOOD, OH 44122-7200
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2012
—
Ddrtc Creeks Of Virginia Center L
—
Deed Of Trust
related
$214,500,000 · Pnc Bank
Mar 13, 2007
$55,961,564
Ddrtc Creeks Va Ctr LLC
Inland Seast Creeks LLC
Grant Deed
—
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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