Building Details

Year built 1932

Listing Agency: Mark A. Dalton & Co., Inc. m***@gmail.com Show Phone

Listed By: David Evans · License #0225268176 Show Phone

Added: Apr 28 Changed: Sep 13 Last Checked: Oct 7 at 2:06AM

Report an Issue

MLS# 366174

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.

Located at 18697 Forest Road, this medical office property includes 2,282 square feet on a 1.47-acre parcel. Built in 1932, the building has served as the home of a counseling business for nearly 30 years, providing an established setting for professional services. The property is positioned behind the CVS on Forest Road, offering private placement while remaining near major amenities in the corridor.

Professionally landscaped grounds create a park-like environment around the building and support a client-facing office setting. The existing use and property classification align with medical office, therapeutic, counseling, and other professional office applications described for the site.

Key Highlights

• 2,282‑square‑foot medical office property on 1.47 acres
• Built in 1932 and used by a counseling business for nearly 30 years
• Professionally landscaped grounds with a park‑like setting

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,504

Cap Rate

8.22%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$690,080 $690.1K

Cap Rate 7%

$492,914 $492.9K

Cap Rate 9%

$383,378 $383.4K

Market Conditions

NOI Build-Up for 2,282 SF

Gross rent

$47.9K $21.00/SF

− Vacancy

−$1.9K −$0.84/SF

EGI

$46.0K $20.16/SF

− OpEx

−$11.5K −$5.04/SF

NOI

$34.5K $15.12/SF

Area

Lynchburg County, VA

Vacancy

4.00%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$690,080

Cap Rate 7%

$492,914

Cap Rate 9%

$383,378

Alternative Uses

Best Use

Office B

$492.9K

$431.3K – $575.1K (±1% cap)

NOI $34,504 @ 7.0% cap · market cap 8.22%

Second Best

Healthcare Medical

$405.6K

$354.9K – $473.2K (±1% cap)

NOI $28,392 @ 7.0% cap · market cap 6.76%

Theoretical Best

Office A

$676.0K

$591.5K – $788.7K (±1% cap)

NOI $47,320 @ 7.0% cap · market cap 11.27%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Judith C. Connell, ... Counselor Linda K. Fowler, ... Foster Care Service Kimberly Thomas Physician Joshua Rigney-Trout Physician Stephany Thompson Physician

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Law Firm HVAC Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

579

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 24502, VA

41,058

Population

18,576

Households

2.2

Avg Household Size

36

Median Age

39%

College-Educated

92%

High-School Grad

29.9 sq mi

ZIP Area

1,373

Density / Sq Mi

$66,027

Median Household Income

$35,923

Median Earnings

$1,166

Median Rent

$214,300

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Two-Building Office Property

117 Northwynd Circle, Lynchburg, VA 24502

$550,000

2,470 SF

View details

Former Veterinary Clinic Building

1705 Memorial Ave, Lynchburg, VA 24501

$329,000

1,876 SF

View details

Existing Office Building

1401 Lakeside Drive, Lynchburg, VA 24501

$299,900

1,689 SF

View details

Freestanding Single-Story Office Building

7609 Timberlake Road, Lynchburg, VA 24502

$399,900

1,120 SF

View details

Victorian Office/Multifamily Property on Rivermont

2525 Rivermont Ave., Lynchburg, VA 24503

$745,000

View details

Multi-Unit Office Building For Sale

2815 Linkhorne Dr, Lynchburg, VA 24503

$775,000

4,225 SF

View details

Mixed-Use Commercial Property

4001 Murray, Lynchburg, VA 24501

$1,200,000

6,215 SF

View details

Redeveloped Three-Story Office Building

5200 Fort Ave, Lynchburg, VA 24502

$995,000

0.59 Acres

View details

Three-Building Office Portfolio

1071 Woodberry Square Pl., Lynchburg, VA 24502

$2,850,000

View details

Multi-Story Office Headquarters

3315 OLD FOREST RD, Lynchburg, VA 24501

Contact for pricing

300,463 SF

View details

Office/Warehouse Condominium Unit

1-1030 Mcconville Rd, Lynchburg, VA 24502

$385,000

2,340 SF

View details

Flex Space with Garage

1214 Rivermont Ave, Lynchburg, VA 24504

$349,000

2,200 SF

View details

Similar Off Market Nearby

• Lake Forest Animal Hospital — 18510 Forest Rd, Forest, VA 24551
• Lake Forest Animal Hospital: Schenley Michelle DVM — 18510 Forest Rd, Forest, VA 24551
• Lake Forest Animal Hospital: Holley Angela E DVM — 18510 Forest Rd, Forest, VA 24551

Frequently Asked Questions

What type of property is this?

Medical Office Space - Professionally landscaped grounds provide a quiet, private setting for office operations.

Where is this medical office space located?

The property is located at 18697 Forest Road Lynchburg, VA.

What is the asking price?

The asking price for this property is $420,000.

What are key features of this property?

This property features: 2,282‑square‑foot medical office property on 1.47 acres; Built in 1932 and used by a counseling business for nearly 30 years; Professionally landscaped grounds with a park‑like setting