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Property profile & analytics
OFF-MARKET
Estimated value
$3,200,000
Office buildings
4222 Cox Rd Glen Allen, VA 23060-3318
Individually Owned
5-yr Hold
Free & Clear
Property ID
US87-3867234
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Total area
23,984 SF
Lot
5.75 ac (250,426 SF)
Zoning code
MIXE
APN
748-762-8360
UPID
US87-3867234
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
-
SouthState Bank - Office Loan Service Bank
-
Independent Container Line Shipping Company Freight Service
-
Coil Tainer Ltd Logistics Company Freight Service
-
Future Home of Independent Container Line Corporate Office
-
Lake Innsbrook Hiking Area
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.20M
CAP Approach
CAP
$4.30M
Comparable Approach
Comparable
$2.07M
Blend (final)
Blend
$3.20M
Owner & transaction history
Independent Container Line Limited · 5 yrs held
Independent Container Line Limited
since 2021
Last sale
$3.0M
3 recorded transactions
Zoning & alternative use
MIXE · Glen Allen, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,555,000
ML approach
$3,195,000
CAP Approach
CAP Return
Estimation
6%
$4,655,000
6.5%
$4,295,000
7%
$3,990,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,245,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.20M
Range $2.88M – $3.52M · ±10% · vs last sale $3.03M (Mar 30 2021)
Last sale anchor
$3.03M
Mar 30 2021
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
$133 / 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
$25,506
Tax year 2023
Assessed value
$3,073,000
Assessed 2024
Previous assessed
$3,073,000
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$907,600
Assessed improvement
$2,165,400
Land market value
$907,600
Improvement market value
$2,165,400
Total market value
$3,073,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1983
Heating
NONE
Cooling
AC.PACKAGE
Stories
2
Total area
23,984 SF
Lot
5.75 ac (250,426 SF)
Zoning code
MIXE
APN
748-762-8360
UPID
US87-3867234
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
AUTO REPAIR, GARAGE
Est. value
$5.2M
AUTO REPAIR, GARAGE
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
1983
Heating
NONE
Cooling
Yes
Stories
2
Lot
5.75 ac
Current owner
From public records · entity-resolved
Independent Container Line Limited
Individual
Free & Clear · 5 yrs held
Mailing address
901 E CARY ST STE #210, RICHMOND, VA 23219-4073
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2021
$3,025,000
Independent Container Line Limited
South State Bank NA
Special Warranty Deed
—
Apr 1, 2010
$3,500,000
First Cap Bk
Kca\fc Lc
Grant Deed
—
May 30, 2007
$3,888,564
Kca Of Fc Lc
Cuna Mutual Life Ins Co
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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