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Property profile & analytics
OFF-MARKET
Estimated value
$5,395,000
Retail space
2000 Old Brick Rd Glen Allen, VA 23060-5834
Entity Owned
1-yr Hold
Free & Clear
Property ID
US87-1035654
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Total area
24,257 SF
Lot
0.81 ac (35,371 SF)
Zoning code
UMUC
APN
744-760-6050
UPID
US87-1035654
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
-
Golf Galaxy Golf Course (Bike/Boat/Book/etc) Store
-
Golfsmith Golf Course
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.47M
Comparable Approach
Comparable
$4.90M
Blend (final)
Blend
$5.40M
Owner & transaction history
Pine24 Short Pump LLC · 1 yrs held
Pine24 Short Pump LLC
since 2024
Last sale
$6.1M
2 recorded transactions
Zoning & alternative use
UMUC · Glen Allen, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.8M
+132.0%
Neighborhood: shopping center
$7.1M
+87.0%
Office building
$6.0M
+58.3%
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%
$4,840,000
6.5%
$4,465,000
7%
$4,150,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,795,000
Current use
RESTAURANT
$8,800,000
Change: +132% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$7,090,000
Change: +87% · Conversion: Moderate
OFFICE BUILDING
$6,005,000
Change: +58% · Conversion: Easy
COMMERCIAL (GENERAL)
$5,940,000
Change: +57% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,305,000
Change: +40% · Conversion: Difficult
MEDICAL BUILDING
$4,490,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$5.40M
Range $4.86M – $5.93M · ±10% · vs last sale $6.10M (Apr 23 2024)
Last sale anchor
$6.10M
Apr 23 2024
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
$222 / 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
$43,570
Tax year 2023
Assessed value
$5,249,400
Assessed 2024
Previous assessed
$5,249,400
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$1,764,300
Assessed improvement
$3,485,100
Land market value
$1,764,300
Improvement market value
$3,485,100
Total market value
$5,249,400
Applied tax rate
2.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2009
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
24,257 SF
Lot
0.81 ac (35,371 SF)
Zoning code
UMUC
APN
744-760-6050
UPID
US87-1035654
Jurisdiction
HENRICO
Zoning & alternative use
UMUC · Glen Allen, VA
Zoning UMUC · permitted uses
UMUC · 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
RETAIL STORES Current
Est. value
$3.8M
RESTAURANT
Est. value
$8.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.1M
OFFICE BUILDING
Est. value
$6.0M
COMMERCIAL (GENERAL)
Est. value
$5.9M
AUTO REPAIR, GARAGE
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$4.5M
RETAIL STORES Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2009
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.81 ac
Current owner
From public records · entity-resolved
Pine24 Short Pump LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1 N LA SALLE ST STE #2100, CHICAGO, IL 60602-3918
Ownership since
2024
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
Jul 23, 2024
$6,100,000
Pine24 Short Pump LLC
Csra Richmond Golf Retail Dst
Special Warranty Deed
—
May 1, 2015
$5,833,000
Csra Richmond Golf Retail Dst
West Broad Village IV LLC
Grant Deed
—
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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