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    9901 Brk Rd Glen Allen, VA 23059-6502
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    Property profile & analytics

    9901 Brk Rd, Glen Allen, VA 23059-6502

    View on Map
    • Retail space
    • 30,116 SF
    • 2.24 lot acres
    Off-Market
    Property ID
    US87-0097536
    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
    $2,480,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Geek Squad / Tech Support Center / (Bike/Boat/Book/etc) Store
    • Best Buy / Electronics & Wireless Store

    Property Details for 9901 Brk Rd

    Year built
    2005
    Lot size
    2.24 lot acres
    Zone code
    M-1
    Property type
    Retail space
    APN
    783-768-8493
    APU
    7837688493

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 15, 2005 $50,000 Riner Realty LLC Best Buy Stores Grant Deed —
    Apr 15, 2005 — Riner Realty LLC Best Buy Stores Quit Claim Deed · related —
    Apr 15, 2005 $2,202,146 Buy Stores Best Rs Brook Road LLC Grant Deed —
    Jun 16, 2004 $1,692,000 Rs Brook Road LLC E & L LLC Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,948,000
      Market price range: $2.94M - $7.26M

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Allen
    County
    Henrico
    State
    Virginia
    Longitude
    -77.46
    Latitude
    37.6694
    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
    $26,353
    $943,800
    $2,231,200
    $3,175,000
    -
    $943,800
    $2,231,200
    $3,175,000

    Comparable in this City

    • Value Estimation
      $1,725,000
      14,748 SF

      9801 Brk Rd

      RETAIL STORES (PERSONAL SERVICES)
      9801 Brk Rd, Glen Allen, VA 23059-4530
      View Details
    • Value Estimation
      $10,235,000
      129,663 SF

      10100 Brk Rd

      RETAIL STORES (PERSONAL SERVICES)
      10100 Brk Rd, Glen Allen, VA 23059-6514
      View Details
    • Value Estimation
      $1,790,000
      17,072 SF

      10087 Brk Rd

      RETAIL STORES (PERSONAL SERVICES)
      10087 Brk Rd, Glen Allen, VA 23059-6506
      View Details
    • Value Estimation
      $555,000
      3,898 SF

      10097 Brk Rd

      RETAIL STORES (PERSONAL SERVICES)
      10097 Brk Rd, Glen Allen, VA 23059-6506
      View Details
    • Value Estimation by Request
      1,190 SF

      11701 Greenwood Rd

      RETAIL STORES (PERSONAL SERVICES)
      11701 Greenwood Rd, Glen Allen, VA 23059-4750
      View Details
    • Value Estimation by Request
      2,633 SF

      5224 Pouncey Tract Rd

      RETAIL STORES (PERSONAL SERVICES)
      5224 Pouncey Tract Rd, Glen Allen, VA 23059-5305
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      ALDI NNN Lease Investment Opportunity

      NNN lease investment opportunity with ALDI in Glen Allen, VA.
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      Glen Allen 6-Acre Lot

      6-acre lot with convenient highway access in Glen Allen.
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      5.67 Acres in Twin Hickory

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      317 Acres of Land Parcels

      Multiple land parcels totaling 317 acres for sale.
      13080 Mountain Rd, Glen Allen, VA 23059
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    • $980,000
      2.47 Acres

      Land in Premier Location

      Prime land in Glen Allen's development corridor for sale.
      12351 Kain Rd, Glen Allen, VA 23059
      View Details
    • Contact for pricing

      Prime Land For Sale

      17.41 acres of commercial land near Short Pump Mall.
      Wyndham Park Dr At Nuckols Rd, Glen Allen, VA 23059
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    Similar Nearby for Lease

    • Contact for pricing
      1,550 SF

      Retail Space in High-Income Area

      Endcap retail space with outdoor area in Glen Allen, VA.
      5400 Wyndham Forest Dr, Glen Allen, VA 23059
      View Details
    • $29 SF/Yr
      1,600 SF

      Retail Space Near I-95

      Retail spaces available in high-demand shopping center near I-95.
      1080 Virginia Center Pkwy, Glen Allen, VA 23059
      View Details
    • Contact for pricing
      4,400 SF

      Retail Space on Route 1

      Retail space available fronting Route 1 with high traffic.
      9921 Brook Rd, Glen Allen, VA 23059
      View Details
    • Contact for pricing
      2,402 SF

      Retail Space with Drive-Thru

      End unit with drive-thru in vibrant industrial market.
      10392 Washington Hwy, Ashland, VA 23059
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease on Route 1.
      1 & Kings Acres Rd, Glen Allen, VA 23059
      View Details
    • Contact for pricing

      Retail Space on Brook Road

      Highly visible retail space with ample parking and easy access.
      9853 Brook Rd, Glen Allen, VA 23059
      View Details
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    Glen Allen, VA 23059-6502
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    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
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