Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1001-1067 Technology Park Dr Glen Allen, VA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class A office/warehouse with access to major routes.

    Type:OFFICE
    Property size:
    11,718 SF
    Lot size:
    17.20 Acres
    Added:
    Oct 9, 2024
    Days on Market:
    570
    Last Refresh:
    Apr 5 at 9:22 pm

    Property Features for 1001-1067 Technology Park Dr

    General Information

    Standard status
    Active
    Size
    11,718 SF
    Lot size
    17.20 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 1001-1067 Technology Park Dr Contact us

    We can help!

    Listing Contact
    John Carpin

    Listing agent John Carpin

    Listing office Colliers | Richmond North

    Listing date Oct 9, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Richmond North

    Overview

    Glen Allen Office/Warehouse Space

    This Class A one-story office/warehouse building features a brick and glass facade and totals 119,019 square feet. The property offers direct access to I-295, I-95, and Route 1. Loading is facilitated by both drive-in and dock access. The location provides a synergy of a corporate environment. On-site ownership is present. The property is adjacent to the new Henrico County Sports and Events Center and the Virginia Center Redevelopment. It is owned and managed by Baker Properties - Richmond Limited Partnership.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glen Allen
    County
    Henrico
    State
    Virginia
    Longitude
    -77.4567
    Latitude
    37.6681

    Nearby Similar for Lease

    • Contact for pricing

      Restaurant-Ready Space on Brook Road

      Restaurant-ready space with high visibility and existing infrastructure.
      9999 Brook Rd, Glen Allen, VA 23059
      View Details
    • Sponsored
      Contact for pricing

      Glen Allen

      4870 Sadler Rd, Unit 300, Glen Allen, VA 23060
      View Details
    • $29 SF/Yr

      Retail Space Near I-95

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

      Retail Strip Center on Broad

      Retail spaces for lease in active Richmond corridor.
      10180 & 10182 West Broad Street, 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 Road, Glen Allen, VA 23060
      View Details
    • $17 SF/Yr

      Renovated Office Building in Raleigh-Durham

      Class A office building with modern amenities in the Triangle.
      4190-4196 Innslake Dr, Glen Allen, VA
      View Details
    • Contact for pricing

      Retail Spaces Near Short Pump

      Retail, restaurant, and office spaces near Short Pump Town Center.
      11740 W Broad St | Glen Allen, VA 23233
      View Details
    • Contact for pricing

      Glen Allen Office Space Available

      Office space for rent in a prime Glen Allen location.
      5300 Hickory Park Dr, Glen Allen, VA 23059
      View Details
    • $14 SF/Yr

      Class A Office in Innsbrook

      Class A office space with lakefront views and modern amenities.
      10900 Nuckols Road, Glen Allen, VA, 23060
      View Details
    • $20 SF/Yr

      Glen Allen Medical Office Space

      Medical office space for lease in Glen Allen, Virginia.
      11551 Nuckols Rd, Glen Allen, VA
      View Details
    • $22 SF/Yr

      Innsbrook Corporate Center Office Space

      Two-story office space in Richmond's Innsbrook Corporate Center.
      4400 Cox Rd, Glen Allen, VA
      View Details
    • Contact for pricing

      Prominent Office Building For Lease

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

    FAQs

    What type of property is this?
    Office building - Class A office/warehouse with access to major routes.
    Where is this office building located?
    The property is located at 1001-1067 Technology Park Dr Glen Allen, VA.
    What are key features of this property?
    This property features: Direct access to I‑295, I‑95 and Route 1; Class A one story office/warehouse building totaling 119,019 SF; Drive in and dock loading available
    (804) 320-5500 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    John Carpin
    Learn More
    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.
    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

    1001-1067 Technology Park Dr, Glen Allen, VA

    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!