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Property profile & analytics
FOR LEASE
Strip malls
9853 Brook Rd Glen Allen, VA 23059
Entity Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-3942348
For Lease
1 / 5
$32 SF/Yr
9853 Brook Rd, Glen Allen, VA 23059
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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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Palm Beach Tan Tanning Salon
-
Papa John's Pizza Take-out & Catering
-
T-Mobile Mobile Phone Store Electronics & Wireless Store
-
GameStop Arcade & Gaming Center Electronics & Wireless Store
-
Lendmark Financial Services LLC Loan Service
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
Cedar-va Commons LLC · 20 yrs held
Cedar-va Commons LLC
since 2005
2 recorded transactions
Zoning & alternative use
M-1 · Glen Allen, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.6M
+24.1%
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%
$2,985,000
6.5%
$2,755,000
7%
$2,555,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,865,000
Current use
RESTAURANT
$3,555,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,400,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.14M
Range $1.93M – $2.35M · ±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
$218 / 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
$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
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
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, VA
Zoning M-1 · permitted uses
M-1 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.9M
RESTAURANT
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
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
2002
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.31 ac
Current owner
From public records · entity-resolved
Cedar-va Commons LLC
Entity
Free & Clear · 20 yrs held
Mailing address
20808 LAYTON RDG DR, LAYTONSVILLE, MD 20882-4303
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
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
Nov 18, 2005
$4,872,000
Cedar-va Commons LLC
Tri-county Commercial
Grant Deed
—
—
—
9853 Brook Road LLC
—
Deed Of Trust
related
$1,200,000 · Capital One NA
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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