Office-Converted Front with Rear
155 Laxton Road Lynchburg, VA 24502
For Sale
$300,000
COMMERCIAL - Lynchburg, VA
Property Size2,599 SF
Lot Size0.62 Acres
Price / SF$115.43
Days on Market229
Property Features for 155 Laxton Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 001176300
- Size
- 2,599 SF
- Lot size
- 0.62 Acres
Taxes and HOA fees
- Tax Description
- TRAYLOR LAND LOT E
Building Details
- Year built
- 1972
Listing Agency:
Keller Williams
(434) 534-9113
Listed By:
Teresa Grant · License #0225087218
(434) 401-6785
Added: Dec 8, 2025
Changed: Jun 12
Last Checked: Jul 25 at 2:06PM
MLS# 363484
Copyright © 2026 Lynchburg Virginia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property combines a front office-converted structure with a separate rear 2-bedroom, 1-bath home on the same lot. The front building was converted from a residential home into functional office space, suited for a small business, professional services, or a creative studio. The rear home provides an additional, self-contained living option for on-site use or rental.
Located at 155 Laxton Road in Lynchburg, this site sits on a high-visibility thoroughfare near the Lowe’s intersection and directly across from Brookville High School. The configuration offers practical separation between the front workspace and the back residence while keeping both under one ownership.
The live-work layout is well-suited to operators who want business space with nearby housing, as well as owners looking for flexibility to balance an office use with residential income. With a single-lot setup that includes both a converted office and a separate home, the property can accommodate a range of small business and mixed-use scenarios, depending on how you plan to use and manage the two spaces.
Located at 155 Laxton Road in Lynchburg, this site sits on a high-visibility thoroughfare near the Lowe’s intersection and directly across from Brookville High School. The configuration offers practical separation between the front workspace and the back residence while keeping both under one ownership.
The live-work layout is well-suited to operators who want business space with nearby housing, as well as owners looking for flexibility to balance an office use with residential income. With a single-lot setup that includes both a converted office and a separate home, the property can accommodate a range of small business and mixed-use scenarios, depending on how you plan to use and manage the two spaces.
Key Highlights
- Prime commercial location on a high‑visibility thoroughfare, near Lowe's and across from Brookville High School.
- Versatile property suitable for live‑work setup, dual investment, or business headquarters with housing.
- Functional office space converted from a residential home.
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.3k | $13.20 |
| − Vacancy | −$2.7k | −$1.06 |
| EGI | $31.6k | $12.14 |
| − OpEx | −$11.8k | −$4.55 |
| NOI | $19.7k | $7.59 |
2,599 SF · lease $13.20/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$561.4K
$491.2K – $655.0K
NOI $39,297 @ 7.0% cap · market cap 13.10%
Second Best
Mixed Use
$281.8K
$246.6K – $328.8K
NOI $19,726 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$769.9K
$673.7K – $898.2K
NOI $53,893 @ 7.0% cap · market cap 17.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Laughlin Financial Services ...
Tax Preparation
FAQs
What type of property is this?
Live-work space - Front office-converted structure with a separate 2-bed home on one lot for live-work or rental flexibility.
Where is this live-work space located?
The property is located at 155 Laxton Road Lynchburg, VA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Prime commercial location on a high‑visibility thoroughfare, near Lowe's and across from Brookville High School.; Versatile property suitable for live‑work setup, dual investment, or business headquarters with housing.; Functional office space converted from a residential home.
