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Property profile & analytics
FOR LEASE
Office buildings
5300 Hickory Park Dr, Glen Allen, VA 23059
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US87-0927315
For Lease
1 / 2
$3,025,000
5300 Hickory Park Dr, Glen Allen, VA 23059
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
19,600 SF
Lot
11.61 ac (505,844 SF)
Zoning code
O-3C
APN
746-771-7845.080
UPID
US87-0927315
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
-
Foot & Ankle Spec of VA PC: Rubin Laurence G DPM Physician
-
Dr. Limor Glazer Physician
-
Glen R. Wilensky, DPM Physician
-
Julie A. Greenwood, DPM Physician
-
Myra L. Pumphrey, PT Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.51M
Comparable Approach
Comparable
$2.74M
Blend (final)
Blend
$3.03M
Owner & transaction history
Richmond Rsrcs Hickory Park Ll · 9 yrs held
Richmond Rsrcs Hickory Park Ll
since 2017
5 recorded transactions
Zoning & alternative use
O-3C · Glen Allen, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.8M
+6.6%
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%
$3,805,000
6.5%
$3,510,000
7%
$3,260,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,505,000
Current use
COMMERCIAL (GENERAL)
$4,800,000
Change: +7% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,285,000
Change: -5% · Conversion: Difficult
MEDICAL BUILDING
$3,630,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$3.03M
Range $2.72M – $3.33M · ±10%
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
$154 / 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
$34,162
Tax year 2023
Assessed value
$4,019,000
Assessed 2024
Previous assessed
$4,019,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$452,100
Assessed improvement
$3,566,900
Land market value
$452,100
Improvement market value
$3,566,900
Total market value
$4,019,000
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
For Lease
Year built
2007
Heating
HEAT PUMP
Stories
2
Total area
19,600 SF
Lot
11.61 ac (505,844 SF)
Zoning code
O-3C
APN
746-771-7845.080
UPID
US87-0927315
Jurisdiction
HENRICO
Zoning & alternative use
O-3C · Glen Allen, VA
Zoning O-3C · permitted uses
O-3C · 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
OFFICE BUILDING Current
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$3.6M
OFFICE BUILDING Current
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
2007
Heating
HEAT PUMP
Stories
2
Lot
11.61 ac
Current owner
From public records · entity-resolved
Richmond Rsrcs Hickory Park Ll
Individual
Mailing address
5300 HICKORY PARK DR STE #200, GLEN ALLEN, VA 23059-2629
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
May 30, 2017
—
Richmond Rsrcs Hickory Park Ll
—
Deed
related
$2,507,500 · Virginia Cu
—
—
Richmond Rsrcs Hickory Pk LLC
—
Deed Of Trust
related
$505,000 · Eric L Cantor
—
—
Richmond Rsrcs Hickory Pk LLC
—
Deed Of Trust
related
$2,919,000 · Citizens & Farmers Bank
—
—
Richmond Rsrcs Hickory Park Ll
—
Deed Of Trust
related
$2,400,000 · Evb
—
—
Richmond Rsrcs Hickory Park Ll
—
Deed Of Trust
related
$2,507,500 · Virginia Cu
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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