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    4121 Cox Rd Glen Allen, VA 23060
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    Property profile & analytics

    4121 Cox Rd, Glen Allen, VA 23060

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    • Office buildings
    • 65,500 SF
    • 6.17 lot acres
    For Lease
    $23 SF/Yr
    View Listing →
    Innsbrook Office Park Building For Lease
    $23 SF/Yr
    60,169 SF

    Innsbrook Office Park Building

    Two-story Class B office building in Innsbrook Office Park.

    4121 Cox Rd, Glen Allen, VA 23060
    View Listing
    Property ID
    US87-0041844
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Herndon Law, P. C. / Law Firm
    • Advantasure / Corporate Office
    • Bon Secours Care-A-Van / Medical Clinic
    • Liberty Property Trust / Real Estate Agency
    • Eddy Janet M MD / Physician

    Property Details for 4121 Cox Rd

    Year built
    1986
    Lot size
    6.17 lot acres
    Zone code
    UMUC
    Property type
    Office buildings
    APN
    749-761-0971
    APU
    7497610971

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Allen
    County
    Henrico
    State
    Virginia
    Longitude
    -77.5806
    Latitude
    37.6504
    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
    $65,574
    $1,343,400
    $6,371,200
    $7,714,600
    -
    $1,343,400
    $6,371,200
    $7,714,600

    Comparable in this City

    • Value Estimation
      $6,150,000
      52,754 SF

      4201 Dominion Blvd

      OFFICE BUILDING
      4201 Dominion Blvd, Glen Allen, VA 23060-6743
      View Details
    • Value Estimation
      $4,955,000
      42,721 SF

      4401 Dominion Blvd

      OFFICE BUILDING
      4401 Dominion Blvd, Glen Allen, VA 23060-3379
      View Details
    • Value Estimation
      $6,220,000
      61,752 SF

      4200 Innslake Dr

      OFFICE BUILDING
      4200 Innslake Dr, Glen Allen, VA 23060-6772
      View Details
    • Value Estimation
      $41,645,000
      243,357 SF

      11011 Broad St

      OFFICE BUILDING
      11011 Broad St, Glen Allen, VA 23060-5937
      View Details
    • Value Estimation by Request
      2,332 SF

      4424 Springfield Rd, Unit B-100

      OFFICE BUILDING
      4424 Springfield Rd, Glen Allen, VA 23060-3412
      View Details
    • Value Estimation
      $3,320,000
      30,000 SF

      4490 Cox Rd

      OFFICE BUILDING
      4490 Cox Rd, Glen Allen, VA 23060-3325
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,355 SF

      Innsbrook Corporate Park Office Building

      19,355 SF office building in Innsbrook Corporate Park.
      4144-4196 Innslake Dr, Glen Allen, VA 23060
      View Details
    • Contact for pricing
      38,393 SF

      Glen Allen Office Building For Sale

      Class A office building with flexible options for sale/lease.
      4851 Cox Rd, Glen Allen, VA 23060
      View Details
    • Contact for pricing
      19,355 SF

      Innsbrook Freestanding Office Building

      19,355 SF office building in Innsbrook Corporate Park.
      4164 Innslake Dr, Glen Allen, VA 23060
      View Details
    • Contact for pricing
      1,283 SF

      Retail Property with Route 1 Frontage

      Retail property for sale with additional income potential.
      9101 Brook Rd, Glen Allen, VA 23060
      View Details
    • $1,750,000

      Commercial Land Near Retailers

      1.52 acre commercial land for sale in Short Pump.
      4150 Tom Leonard Dr, Glen Allen, VA 23060
      View Details
    • $150,000
      Pending

      Glen Allen Wooded Lot For Sale

      0.74 acre lot near Short Pump and major interstates.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      60,000 SF

      Prominent Office Building For Lease

      Office building with signage and covered parking available for lease.
      2151 Old Brick Rd, Glen Allen, VA 23060
      View Details
    • Contact for pricing
      4,986 SF

      Innsbrook Office Space Available

      Class B office building in Innsbrook Office Park for lease.
      4121 Cox Rd, Glen Allen, VA 23060
      View Details
    • Contact for pricing
      60,000 SF

      Glen Allen Office Space Available

      Office space for rent with convenient highway access.
      10800 Nuckols Rd, Glen Allen, VA 23060
      View Details
    • Contact for pricing
      3,744 SF

      Class A Office with Lake Views

      Class A office building in North Park with lake views.
      4701 Cox Rd, Glen Allen, VA 23060
      View Details
    • Contact for pricing
      1,884 SF

      Class A Office Space Available

      Class A office building with lakefront views and modern amenities.
      4435 Waterfront Dr, Glen Allen, VA 23060
      View Details
    • Contact for pricing
      16,416 SF

      Lakefront Office Building with Amenities

      Renovated office building with lake access, fitness center, and lounge.
      4860 Cox Rd, Glen Allen, VA 23060
      View Details
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    Glen Allen, VA 23060
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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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