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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Hotels
1000 Virginia Ctr Pkwy Glen Allen, VA 23059-4571
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US87-3665896
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1982
Total area
24,326 SF
Lot
20 ac (871,113 SF)
Zoning code
O-3
APN
788-767-4522
UPID
US87-3665896
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
-
The Glen Restaurant Restaurant Buffet
-
The Tavern Grille Bar & Pub Restaurant
-
Encore IT Consulting Firm Tech Support Center
-
Virginia Crossings Hotel & Conference Center, Tapestry Collection by Hilton Hotel & Motel
-
Madison Hall at Virginia Crossings Conference Center Trade Show Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$550k
Blend (final)
Blend
$745k
Owner & transaction history
Oci Virginia Crossings LLC A Minnes · 9 yrs held
Oci Virginia Crossings LLC A Minnes
since 2017
5 recorded transactions
Zoning & alternative use
O-3 · Glen Allen, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+219.9%
Medical building
$1.1M
+204.4%
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
$940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,135,000
Change: +220% · Conversion: Difficult
MEDICAL BUILDING
$1,080,000
Change: +204% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±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
$31 / 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
$84,909
Tax year 2023
Assessed value
$10,230,000
Assessed 2024
Previous assessed
$10,230,000
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$3,336,400
Assessed improvement
$6,893,600
Land market value
$3,336,400
Improvement market value
$6,893,600
Total market value
$10,230,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1982
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
2
Total area
24,326 SF
Lot
20 ac (871,113 SF)
Zoning code
O-3
APN
788-767-4522
UPID
US87-3665896
Jurisdiction
HENRICO
Zoning & alternative use
O-3 · Glen Allen, VA
Zoning O-3 · permitted uses
O-3 · 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
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1982
Heating
HOT WATER
Cooling
Yes
Stories
2
Lot
20 ac
Current owner
From public records · entity-resolved
Oci Virginia Crossings LLC A Minnes
Entity
Mailing address
5713 GRAND AVE STE B, DULUTH, MN 55807-2564
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2026
—
Oci Virginia Crossings LLC
—
Deed
related
$17,500,000 · Colliers Funding LLC
Jul 21, 2021
—
Oci Virginia Crossings LLC
—
Deed
related
$17,500,000 · Colliers Funding LLC
Jun 30, 2017
$18,000,000
Oci Virginia Crossings LLC A Minnes
Us Reif Merritt Virginia Crossings
Special Warranty Deed
$17,500,000 · Dougherty Funding LLC
May 7, 2008
$18,000,000
Us Reif Merrit Virginia Crossi
Massachusetts Mutual Life Ins
Grant Deed
—
May 7, 2008
—
Virginia Crossing Operator LLC
—
Deed Of Trust
related
$16,325,000 · Sovereign Bank
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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