Entity Owned Property summary
AI-generated overview
This exceptional 1,850 square foot retail endcap space is located within the Virginia Center Commons shopping center at 9853 Brook Road, Glen Allen, VA 23059. Built in 2002, the property boasts a highly visible 124-foot frontage on Brook Road (Route 1), ensuring maximum exposure for your business. The single-building center comprises 9,763 total square feet and features six suites. This particular space is immediately available and represents the entire vacant portion of the building. The property offers ample parking with 58 designated surface spaces for customers and employees. Its convenient location provides easy access to major transportation arteries, with I-95 and I-295 located within a half-mile radius. The zoning designation is M-1. The property's APN is 783-768-9750, and the cross street is Technology Park Drive. This prime retail location presents a fantastic opportunity for businesses seeking high visibility and convenient access in a thriving Glen Allen community.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Total area
9,800 SF
Lot
1.31 ac (56,976 SF)
Zoning code
M-1
APN
783-768-9750
UPID
US87-3942348
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
-
Tanning Salon
-
Take-out & Catering
-
Mobile Phone Store Electronics & Wireless Store
-
Arcade & Gaming Center Electronics & Wireless Store
-
Loan Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.76M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.14M
Owner & transaction history
since 2005
2 recorded transactions
Zoning & alternative use
M-1 · Glen Allen, VA
Top alternative use upside
Restaurant
$3.6M
+24.1%
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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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.14M
Value range
$1.93M – $2.35M
±10% around blend
Estimated value / SF
$218 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$1.93M
blend $2.14M
$2.35M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,800 SF
Lot area
1.31 ac
Year built
2002
Stories
1
APN
783-768-9750
Zoning
M-1
Assessed value
$4,478,700
Annual tax
$37,173
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.76M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.99M
@ 6.5% CAP return
$2.76M
@ 7% CAP return
$2.56M
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.14M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 36 sales
$292
-25%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $218/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+24%
vs current-use indication
Neighborhood: Shopping Center · current use
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
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
Not available
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.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional plan · 30 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$4.48M
Move the market yield to see immediate price impact.
Value / SF
$457
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%
$282k
$5.64M
$4.03M
$3.14M
$314k
$6.27M
$4.48M
$3.48M
$345k
$6.90M
$4.93M
$3.83M
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
$37,173
Tax year 2023
Assessed value
$4,478,700
Assessed 2024
Previous assessed
$4,478,700
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$740,700
Assessed improvement
$3,738,000
Land market value
$740,700
Improvement market value
$3,738,000
Total market value
$4,478,700
Applied tax rate
4.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2002
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
9,800 SF
Lot
1.31 ac (56,976 SF)
Zoning code
M-1
APN
783-768-9750
UPID
US87-3942348
Jurisdiction
HENRICO
Zoning & alternative use
M-1 · Glen Allen, VAZoning M-1 · permitted uses
M-1 · Glen Allen, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.31 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M-1
Jurisdiction
Glen Allen, VA
Recorded code
M-1
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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