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Property profile & analytics
OFF-MARKET
Estimated value
$20,500,000
Super regional malls
4040 Cox Rd Glen Allen, VA 23060-6705
Entity Owned
2-yr Hold
Free & Clear
Property ID
US87-0856114
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1989
Total area
75,745 SF
Lot
9.62 ac (418,917 SF)
Zoning code
MIXE
APN
747-760-9391
UPID
US87-0856114
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
-
Hyderabad Biryani House Restaurant
-
The Beach House Bar & Pub Restaurant
-
Paradise Market Grocery & Convenience Store Food Market
-
American Red Cross Blood Donation Center Charitable Organization Social Service Agency
-
Innsbrook Shoppes Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$20.50M
CAP Approach
CAP
$21.28M
Comparable Approach
Comparable
$16.93M
Blend (final)
Blend
$20.50M
Owner & transaction history
11 Innsbrook Corner LLC · 2 yrs held
11 Innsbrook Corner LLC
since 2024
Last sale
$20.5M
1 recorded transaction
Zoning & alternative use
MIXE · Glen Allen, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$27.5M
+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
$20,500,000
ML approach
$20,500,000
CAP Approach
CAP Return
Estimation
6%
$23,050,000
6.5%
$21,280,000
7%
$19,760,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$22,140,000
Current use
RESTAURANT
$27,475,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$18,745,000
Change: -15% · Conversion: Moderate
COMMERCIAL (GENERAL)
$18,555,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$20.50M
Range $18.45M – $22.55M · ±10% · vs last sale $20.50M (Feb 1 2024)
Last sale anchor
$20.50M
Feb 1 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
$271 / 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
$142,058
Tax year 2023
Assessed value
$16,712,700
Assessed 2024
Previous assessed
$16,712,700
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$4,892,700
Assessed improvement
$11,820,000
Land market value
$4,892,700
Improvement market value
$11,820,000
Total market value
$16,712,700
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1989
Heating
HEAT PUMP
Stories
1
Total area
75,745 SF
Lot
9.62 ac (418,917 SF)
Zoning code
MIXE
APN
747-760-9391
UPID
US87-0856114
Jurisdiction
HENRICO
Zoning & alternative use
MIXE · Glen Allen, VA
Zoning MIXE · permitted uses
MIXE · 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
$22.1M
RESTAURANT
Est. value
$27.5M
OFFICE BUILDING
Est. value
$18.7M
COMMERCIAL (GENERAL)
Est. value
$18.6M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
OFFICE BUILDING
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
1989
Heating
HEAT PUMP
Stories
1
Lot
9.62 ac
Current owner
From public records · entity-resolved
11 Innsbrook Corner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2800 PATTERSON AVE STE #200, RICHMOND, VA 23221-1762
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2024
$20,500,000
11 Innsbrook Corner LLC
Atack-lakepointe Lc
Special Warranty 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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