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Property profile & analytics
OFF-MARKET
Estimated value
$2,065,000
Office buildings
880 Technology Park Dr Glen Allen, VA 23059-6516
Individually Owned
4-yr Hold
Free & Clear
Property ID
US87-0540875
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
14,400 SF
Lot
1.93 ac (83,984 SF)
Zoning code
M-1C
APN
785-768-6954
UPID
US87-0540875
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 Association of Chiefs of Police Charitable Organization Social Service Agency
-
Clingman & Hanger Business Management Consultant
-
Archer Integration (Bike/Boat/Book/etc) Store Corporate Office
-
SPI Publisher Services Publishing House
-
SmartSafeandSober.org Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.93M
CAP Approach
CAP
$2.58M
Comparable Approach
Comparable
$2.31M
Blend (final)
Blend
$2.07M
Owner & transaction history
Richmond Lodge No 45 Benevolent And · 4 yrs held
Richmond Lodge No 45 Benevolent And
since 2022
Last sale
$2.1M
2 recorded transactions
Zoning & alternative use
M-1C · Glen Allen, 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 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
$1,915,000
ML approach
$1,930,000
CAP Approach
CAP Return
Estimation
6%
$2,795,000
6.5%
$2,580,000
7%
$2,395,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,310,000
Current use
AUTO REPAIR, GARAGE
$3,150,000
Change: -5% · Conversion: Difficult
MEDICAL BUILDING
$2,665,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$2.07M
Range $1.86M – $2.27M · ±10% · vs last sale $2.09M (Jun 29 2022)
Last sale anchor
$2.09M
Jun 29 2022
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
$143 / 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
Assessed value
$1,754,300
Assessed 2024
Previous assessed
$1,754,300
+0.0% YoY
Assessed land
$126,400
Assessed improvement
$1,627,900
Land market value
$126,400
Improvement market value
$1,627,900
Total market value
$1,754,300
Applied tax rate
4.0000
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
2001
Heating
HEAT PUMP
Stories
1
Total area
14,400 SF
Lot
1.93 ac (83,984 SF)
Zoning code
M-1C
APN
785-768-6954
UPID
US87-0540875
Jurisdiction
HENRICO
Zoning & alternative use
M-1C · Glen Allen, VA
Zoning M-1C · permitted uses
M-1C · 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
$3.3M
AUTO REPAIR, GARAGE
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$2.7M
OFFICE BUILDING Current
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
2001
Heating
HEAT PUMP
Stories
1
Lot
1.93 ac
Current owner
From public records · entity-resolved
Richmond Lodge No 45 Benevolent And
Individual
Free & Clear · 4 yrs held
Mailing address
880 TECHNOLOGY PARK DR, GLEN ALLEN, VA 23059-6516
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2022
$2,085,000
Richmond Lodge No 45 Benevolent And
Etch Investments LLC
Special Warranty Deed
—
Jul 12, 2010
$1,040,000
Etch Investments LLC
Tech Park Lc
Grant Deed
—
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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