Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5912 School Ave Henrico, VA 23228-5446
    Back to Search
    Property profile & analytics

    5912 School Ave Henrico, VA 23228-5446

    View on Map
    • Industrial properties
    • 5,664 SF
    • 0.02 lot acres
    Off-Market
    Last Sale Dec 11, 2025
    $850,000
    Property ID
    US87-3295621
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 5912 School Ave

    Year built
    2007
    Lot size
    0.02 lot acres
    Property size
    5,664 SF
    Zone code
    M-1
    Property type
    Industrial properties
    APN
    774-746-3074.012
    APU
    7747463074012

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $600,000
      6.5%
      $550,000
      7%
      $515,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $665,000
      Market price range: $338k - $912k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $585,000
      Current use
      AUTO REPAIR, GARAGE
      $1,030,000
      Change: +77% Conversion: Easy
      MEDICAL BUILDING
      $945,000
      Change: +62% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $930,000
      Change: +59% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $910,000
      Change: +56% Conversion: Difficult
      RETAIL STORES
      $815,000
      Change: +40% Conversion: Moderate
      OFFICE BUILDING
      $795,000
      Change: +36% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Henrico
    County
    Henrico
    State
    Virginia
    Longitude
    -77.494
    Latitude
    37.609
    CBSA code
    40060
    CBSA name
    RICHMOND, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $6,256
    $73,400
    $634,300
    $707,700
    -
    $73,400
    $634,300
    $707,700

    Comparable in this City

    • Value Estimation
      $4,620,000
      43,216 SF

      8501 Sanford Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 43,216 SF
      8501 Sanford Dr, Henrico, VA 23228-2812
      View Details
    • Value Estimation
      $2,390,000
      35,486 SF

      8002 Staples Ml Rd

      INDUSTRIAL (GENERAL) • 35,486 SF
      8002 Staples Ml Rd, Henrico, VA 23228-2713
      View Details
    • Value Estimation
      $1,640,000
      27,078 SF

      8080 Villa Park Dr

      INDUSTRIAL (GENERAL) • 27,078 SF
      8080 Villa Park Dr, Henrico, VA 23228-6500
      View Details
    • Value Estimation
      $770,000
      3,840 SF

      8010 Villa Park Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 3,840 SF
      8010 Villa Park Dr, Henrico, VA 23228-6500
      View Details
    • Value Estimation
      $1,445,000
      13,090 SF

      3090 Aspen Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 13,090 SF
      3090 Aspen Ave, Henrico, VA 23228-4945
      View Details
    • Value Estimation
      $3,710,000
      18,564 SF

      8033 Kimway Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 18,564 SF
      8033 Kimway Dr, Henrico, VA 23228-2816
      View Details

    Similar Nearby for Sale

    • $799,000

      Versatile Commercial Property in Laurel

      Former James River Concrete location with office, showroom, and garage.
      8607 Oakview Ave, Richmond, VA 23228
      View Details
    • $3,750,000

      Office/Warehouse Building Near I-95

      34,765 SF office/warehouse on 3.92 acres, high visibility.
      1701 East Parham Rd, Richmond, VA 23228
      View Details
    • Contact for pricing
      3,051 SF

      Office Space Near Major Intersection

      Functional office space with high visibility and ample parking.
      3201 Hungary Spring Rd, Richmond, VA 23228
      View Details
    • Contact for pricing
      1,277 SF

      Office Space on Staples Mill

      Office space with full kitchen and various amenities for sale.
      5603 Staples Mill Rd, Richmond, VA 23228
      View Details
    • Contact for pricing
      1,638 SF

      Office Condo at Glenside Commons

      End-unit office condo with five offices, available April 2025.
      5412 Glenside Dr, Richmond, VA 23228
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Flex Space Available

      Industrial flex spaces available for rent.
      1504 E Parham Rd, Richmond, VA 23228
      View Details
    • $9 SF/Yr

      Industrial Warehouse with Office Space

      22,506 SF industrial warehouse with office space for lease.
      5701 Greendale Rd, Richmond, VA 23228
      View Details
    • Contact for pricing
      1,875 SF

      Richmond Industrial Flex Space Available

      Flexible office/warehouse space with easy access to major routes.
      8522-8572 Sanford Dr, Richmond, VA 23228
      View Details
    • Contact for pricing

      Industrial Warehouse with Office Space

      Class B industrial warehouse with office space for lease.
      5701 Greendale Rd, Richmond, VA 23228
      View Details
    • Contact for pricing

      Henrico County Office/Flex Space

      Office/flex building with private offices, conference area, and kitchenette.
      6715-6719 Janway Rd, Richmond, VA 23228
      View Details
    • $9 SF/Yr

      Industrial Warehouse Near Richmond Airport

      22,506 SF industrial warehouse with office space for lease.
      5701 Greendale Rd, Richmond, VA 23228
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5912 School Ave
    Henrico, VA 23228-5446
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5912 School Ave, Henrico, VA, 23228
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!