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Property profile & analytics
OFF-MARKET
Estimated value
$34,680,000
Office buildings
5600 Cox Rd Glen Allen, VA 23060-9266
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0014283
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
133,179 SF
Lot
26.01 ac (1,133,126 SF)
Zoning code
M-1
APN
753-770-9025
UPID
US87-0014283
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
-
Virginia Department of Social Services Department Of Social Services
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$31.00M
CAP Approach
CAP
$23.86M
Comparable Approach
Comparable
$33.23M
Blend (final)
Blend
$34.68M
Owner & transaction history
Oivf III Innsbrook LLC · 1 yrs held
Oivf III Innsbrook LLC
since 2024
Last sale
$44.5M
1 recorded transaction
Zoning & alternative use
M-1 · Glen Allen, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$48.3M
+46.6%
Neighborhood: shopping center
$38.9M
+18.1%
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
$31,000,000
ML approach
$31,000,000
CAP Approach
CAP Return
Estimation
6%
$25,850,000
6.5%
$23,860,000
7%
$22,155,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$32,960,000
Current use
RESTAURANT
$48,310,000
Change: +47% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$38,930,000
Change: +18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$32,625,000
Change: -1% · Conversion: Easy
AUTO REPAIR, GARAGE
$29,120,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$34.68M
Range $31.21M – $38.15M · ±10% · vs last sale $44.50M (Jan 20 2026)
Last sale anchor
$44.50M
Jan 20 2026
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
$260 / 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
$190,492
Tax year 2023
Assessed value
$18,703,800
Assessed 2024
Previous assessed
$26,998,000
-30.7% YoY
Effective rate
1.02%
On assessed value
Assessed land
$3,688,700
Assessed improvement
$15,015,100
Land market value
$3,688,700
Improvement market value
$15,015,100
Total market value
$18,703,800
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
1999
Heating
NONE
Cooling
AC.PACKAGE
Stories
3
Total area
133,179 SF
Lot
26.01 ac (1,133,126 SF)
Zoning code
M-1
APN
753-770-9025
UPID
US87-0014283
Jurisdiction
HENRICO
Zoning & alternative use
M-1 · Glen Allen, VA
Zoning M-1 · permitted uses
M-1 · 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
$33.0M
RESTAURANT
Est. value
$48.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$38.9M
COMMERCIAL (GENERAL)
Est. value
$32.6M
AUTO REPAIR, GARAGE
Est. value
$29.1M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1999
Heating
NONE
Cooling
Yes
Stories
3
Lot
26.01 ac
Current owner
From public records · entity-resolved
Oivf III Innsbrook LLC
Entity
Mailing address
401 EDGEWATER PL STE #200, WAKEFIELD, MA 01880-6207
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2024
$31,000,000
Oivf III Innsbrook LLC
Fsp Innsbrook Corp
Special Warranty Deed
$21,727,380 · Prime Finance Short Duration Holdin
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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