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Property profile & analytics
OFF-MARKET
Estimated value
$2,750,000
Warehouses
5400 Gln Alden Dr, Henrico, VA 23231-4334
Entity Owned
1-yr Hold
Free & Clear
Property ID
US87-0397274
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1981
Total area
21,200 SF
Lot
1.93 ac (84,071 SF)
Zoning code
M-1
APN
814-711-2633
UPID
US87-0397274
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
by Request
CAP Approach
CAP
$3.48M
Comparable Approach
Comparable
$1.93M
Blend (final)
Blend
$2.75M
Owner & transaction history
Jetvns LLC · 1 yrs held
Jetvns LLC
since 2024
Last sale
$2.8M
3 recorded transactions
Zoning & alternative use
M-1 · Henrico, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.9M
+84.9%
Medical building
$3.5M
+69.1%
Neighborhood: shopping center
$3.5M
+66.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,765,000
6.5%
$3,475,000
7%
$3,230,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,090,000
Current use
AUTO REPAIR, GARAGE
$3,860,000
Change: +85% · Conversion: Easy
MEDICAL BUILDING
$3,530,000
Change: +69% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,485,000
Change: +67% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,410,000
Change: +63% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,345,000
Change: +60% · Conversion: Difficult
OFFICE BUILDING
$3,135,000
Change: +50% · Conversion: Difficult
Blend value · Realmo final
$2.75M
Range $2.48M – $3.03M · ±10% · vs last sale $2.80M (Aug 18 2024)
Last sale anchor
$2.80M
Aug 18 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
$130 / 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
$10,915
Tax year 2024
Assessed value
$1,234,300
Assessed 2024
Previous assessed
$1,234,300
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$125,500
Assessed improvement
$1,108,800
Land market value
$125,500
Improvement market value
$1,108,800
Total market value
$1,234,300
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Heating
HEAT PUMP
Stories
1
Total area
21,200 SF
Lot
1.93 ac (84,071 SF)
Zoning code
M-1
APN
814-711-2633
UPID
US87-0397274
Jurisdiction
HENRICO
Zoning & alternative use
M-1 · Henrico, VA
Zoning 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
Henrico. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.1M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
OFFICE 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
1981
Heating
HEAT PUMP
Stories
1
Lot
1.93 ac
Current owner
From public records · entity-resolved
Jetvns LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 4680, VIRGINIA BEACH, VA 23454-0680
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2024
$2,800,000
Jetvns LLC
Kings Crest LLC
Warranty Deed
—
Jul 25, 2018
$650,000
King's Crest LLC
Dagenhart Sprinkler Co INC
Warranty Deed
$600,000 · Union Bank & Trust
Jun 29, 2012
—
Kings Crest LLC
—
Deed Of Trust
related
$1,376,000 · Union First Market Bank
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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