Mixed-Use Commercial
For Sale
$1,200,000
4001 Murray, Lynchburg, VA 24501
Commercial/Indust, Lynchburg, VA
Property Size6,215 SF
Lot Size3.56 Acres
Price / SF$193.08
Days on Market262
Property Features for 4001 Murray
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Odd Fellows Corridor
Directions
29 N to Oddfellows road to right on Murray Pl to property on Right
Standard status
Active
APN
05201010
Size
6,215 SF
Lot size
3.56 Acres
Taxes and HOA fees
Tax Description
H H & B G PRESTON - B
Legal Description
H H & B G PRESTON - B
Building Details
Year built
1973
Listing Agency:
Century 21 ALL-SERVICE · Century 21 Real Estate
(434) 237-7777
Listed By:
Glenn D Whorley · License #0225104774
(434) 239-2121
Added: Dec 27, 2025
Changed: Aug 19
Last Checked: Sep 15 at 3:06AM
MLS# 363684
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 mixed-use commercial property includes a 6,215-square-foot building on 3.555 acres. Constructed in 1973, the site is zoned B5 and provides 160+ parking spaces, with lot coverage identified at 82%. The property’s configuration supports consideration of office, professional suite, medical office, administrative headquarters, hotel, retail, service-based, and specialty commercial applications.
Located at 4001 Murray in Lynchburg, the site sits just off the Odd Fellows extension with access to major roads. Easy ingress and egress and the available parking are established site features. The property is offered for sale and may be continued as a commercial operation or evaluated for redevelopment within the stated zoning framework.
Located at 4001 Murray in Lynchburg, the site sits just off the Odd Fellows extension with access to major roads. Easy ingress and egress and the available parking are established site features. The property is offered for sale and may be continued as a commercial operation or evaluated for redevelopment within the stated zoning framework.
Key Highlights
- 6,215‑square‑foot commercial building on 3.555 acres
- B5 zoning with 82% lot coverage
- 160+ parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$93,971
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,879,420
$1.9M
Cap Rate 7%
$1,342,443
$1.3M
Cap Rate 9%
$1,044,122
$1.0M
Market Conditions
NOI Build-Up for 6,215 SF
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.
Gross rent
$130.5K $21.00/SF
− Vacancy
−$5.2K −$0.84/SF
EGI
$125.3K $20.16/SF
− OpEx
−$31.3K −$5.04/SF
NOI
$94.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,879,420
Cap Rate 7%
$1,342,443
Cap Rate 9%
$1,044,122
Alternative Uses
Best Use
Office B
$1.34M
$1.17M – $1.57M
NOI $93,971 @ 7.0% cap · market cap 7.83%
Second Best
Mixed Use
$673.9K
$589.7K – $786.2K
NOI $47,172 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,874 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
Explore this area
Business Placement
Demographics for 24501, VA
27,160
Population
12,157
Households
2.2
Avg Household Size
33
Median Age
25%
College-Educated
87%
High-School Grad
36.3 sq mi
ZIP Area
748
Density / Sq Mi
$45,305
Median Household Income
$28,790
Median Earnings
$936
Median Rent
$155,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - B5-zoned commercial property with substantial parking and access to major roads near the Odd Fellows extension.
Where is this mixed-use property located?
The property is located at 4001 Murray Lynchburg, VA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 6,215‑square‑foot commercial building on 3.555 acres; B5 zoning with 82% lot coverage; 160+ parking spaces
