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Property profile & analytics
OFF-MARKET
Estimated value
$6,825,000
Manufacturing properties
4500 Sarellen Rd Henrico, VA 23231-4435
Entity Owned
5-yr Hold
Free & Clear
Property ID
US87-0942772
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
1985
Total area
129,768 SF
Lot
7.19 ac (313,371 SF)
Zoning code
M-1
APN
815-710-6687
UPID
US87-0942772
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.23M
Blend (final)
Blend
$6.83M
Owner & transaction history
Je Investments LLC · 5 yrs held
Je Investments LLC
since 2021
Last sale
$6.7M
5 recorded transactions
Zoning & alternative use
M-1 · Henrico, 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 Henrico submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Henrico 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
$7,030,000
ML approach
$6,915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.83M
Range $6.14M – $7.51M · ±10% · vs last sale $6.68M (Mar 23 2021)
Last sale anchor
$6.68M
Mar 23 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
$53 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$56,713
Tax year 2024
Assessed value
$6,427,000
Assessed 2024
Previous assessed
$6,427,000
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$467,600
Assessed improvement
$5,959,400
Land market value
$467,600
Improvement market value
$5,959,400
Total market value
$6,427,000
Applied tax rate
5.0000
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
Manufacturing properties
Use group
HEAVY MANUFACTURING
Status
Off-Market
Year built
1985
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Total area
129,768 SF
Lot
7.19 ac (313,371 SF)
Zoning code
M-1
APN
815-710-6687
UPID
US87-0942772
Jurisdiction
HENRICO
Zoning & alternative use
M-1 · Henrico, VAZoning M-1 · permitted uses
M-1 · Henrico, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1985
Heating
SPACE
Cooling
Yes
Stories
1
Lot
7.19 ac
Current owner
From public records · entity-resolved
Je Investments LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4500 SARELLEN RD, HENRICO, VA 23231-4435
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2021
—
Je Investments LLC
County Of Henrico Virginia
Quit Claim Deed
related
—
Jan 15, 2021
—
Je Investments LLC
—
Deed
related
$2,785,000 · Business Finance Group INC
Dec 23, 2020
$6,675,000
Je Investments LLC
Bush LLC
Special Warranty Deed
$3,387,500 · Essex Bank
Dec 23, 2020
—
Je Investments LLC
—
Deed
related
$2,710,000 · Essex Bank
Dec 22, 2011
$2,400,000
Bush LLC
Graphic Packaging Intl INC
Warranty Deed
$2,040,000 · First Citizens Bank & Tru
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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