Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    1214 Rivermont Avenue Lynchburg, VA 24504

    View on Map
    Claim this Listing
    For Sale
    $369,000

    Commercial/Indust - Lynchburg, VA

    Lot size:
    0.09 Acres
    Added:
    Oct 13, 2025
    Days on Market:
    204
    Last Refresh:
    May 4 at 12:06 am

    Property Features for 1214 Rivermont Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1922
    Flooring type
    Carpet, Concrete, Tile, Vinyl
    Roof type
    Built-Up
    Architectural style
    Other

    We can help!

    Listing Contact
    Mike Osei

    Listing agent Mike Osei

    Listing office Lynchburg 1019 Vista Park Dr., VA

    Listing date Oct 13, 2025

    MLS# 362509 Listing URL

    Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rivermont Historic District Storefront

    This commercial storefront business is located in the Rivermont historic district. The building has ample office space, two restrooms, a lobby, a shower area, several office areas, and a break area. There are two additional areas inside the building that offer a huge open storage or work area, and also a huge garage area along with paved parking for several vehicles around the back of the business. The property is zoned B-3, offering opportunities for a variety of business uses. It is located close to restaurants, churches, schools, and hospitals. The lot size is 0.086 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    M A Dalton Paint ... Painting Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg
    State
    Virginia
    Longitude
    -79.1534119
    Latitude
    37.4281508

    Nearby Similar for Sale

    • $599,000
      3,900 SF

      Commercial Building on Timberlake Road

      Commercial building with two rental spaces available for sale.
      20936 Timberlake Road, Lynchburg, VA 24502
      View Details
    • $499,900
      5,134 SF

      Lynchburg Flex Space For Sale

      5100 SF flex building with fenced area and multiple mezzanines.
      1819 Main Street, Lynchburg, VA 24504
      View Details
    • $695,000
      3,200 SF

      Versatile Retail/Office Space in Lynchburg

      3190+ sqft retail space with additional income potential.
      10925 Richmond Hwy, Lynchburg, VA 24504
      View Details
    • $995,000

      Redeveloped Office Building on Fort

      Three-story office building in high-traffic Lynchburg corridor.
      5200 Fort Ave, Lynchburg, VA 24502
      View Details
    • $899,000
      6,792 SF

      Lynchburg Multifamily Investment Opportunity

      Income-producing 8-plex near restaurants, businesses, and local colleges.
      1664 Graves Mill Road, Lynchburg, VA 24502
      View Details
    • $899,000
      6,792 SF

      Lynchburg Multifamily Investment Opportunity

      Income-producing 8-plex in high-traffic location with strong rental history.
      1664 Graves Mill Road, Lynchburg, VA 24502
      View Details
    • $355,000

      Lynchburg Office Property For Sale

      3,600 SF office property configured for two tenants.
      2250 Murrell Rd, Lynchburg, VA 24501
      View Details
    • $1,100,000
      9,341 SF

      Historic Beaux Arts Mixed-Use Property

      Unique mixed-use property in downtown Lynchburg, rich in history.
      1025 Church Street, Lynchburg, VA 24504
      View Details
    • $354,900
      3,205 SF

      Historic Duplex in Garland Hill

      Rare, renovated duplex in historic district with modern amenities.
      405 Harrison Street, Lynchburg, VA 24504
      View Details
    • $1,250,000
      6,215 SF

      Lynchburg Commercial Property For Sale

      Thriving commercial property with a large building and ample parking.
      4001 Murray, Lynchburg, VA 24501
      View Details
    • $199,900
      6,083 SF

      Spacious Warehouse in Lynchburg, VA

      Versatile 6,000+ sq ft warehouse, ideal for commercial or storage.
      2300 Fort Avenue, Lynchburg, VA 24501
      View Details
    • $1,450,000
      9,737 SF

      Historic Inn with Event Space

      Boutique inn featuring rental suites and event space.
      404 Cabell Street, Lynchburg, VA 24504
      View Details

    FAQs

    What type of property is this?
    Storefront property - Commercial storefront in Rivermont historic district with ample office space.
    Where is this storefront property located?
    The property is located at 1214 Rivermont Avenue Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $369,000.
    What are key features of this property?
    This property features: Zoned B‑3, offering endless business opportunities.; Located in the Rivermont historic district, benefiting from downtown revitalization.; Huge garage area and paved parking for several vehicles.
    (888) 536-0216
    We can help!
    Listing Contact
    Mike Osei
    Learn More
    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.
    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

    1214 Rivermont Avenue, Lynchburg, VA 24504

    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!