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

    E Lynchburg Salem Turnpike Bedford, VA 24523

    View on Map
    New
    Picture of Commercial land at E Lynchburg Salem Turnpike, Bedford, VA
    For Sale
    $424,900

    LAND - Bedford, VA

    Lot size:
    6.25 Acres
    Added:
    Apr 6, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 8 at 6:06 am

    Property Features for E Lynchburg Salem Turnpike

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    B-2
    Standard status
    Active
    Lot size
    6.25 Acres

    Taxes and HOA fees

    Tax Description
    PARCEL B PB 61/130

    We can help!

    Listing Contact
    Ronnie L Gross

    Listing agent Ronnie L Gross License #0225180171

    Listing office Lyons Team Realtors 1123 Celebration Ave Ste 106, Moneta, VA

    Listing date Apr 6, 2026

    MLS# 365587

    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.

    Overview

    Prime Development Land in Bedford

    This 6.25-acre property in Bedford presents an excellent development opportunity. It is ideally positioned behind major retailers, including Walmart and Tractor Supply Company, in an established national retail corridor along a major highway. The property benefits from a signalized ingress/egress easement off US Route 460, providing strong accessibility and visibility. The land is predominantly wooded with valuable timber, offering a natural setting along with potential clearing opportunities. The topography features a mix of level and sloped terrain, suitable for a variety of commercial or mixed-use development options. This property represents a strong opportunity for investors, developers, or end-users seeking growth potential in the Bedford market. The zoning is B-2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Bedford
    County
    Bedford
    State
    Virginia
    Longitude
    -79.55793
    Latitude
    37.339892

    Nearby Similar for Sale

    • $385,000
      5,104 SF

      Restaurant Opportunity in Historic Downtown

      Turnkey restaurant in Bedford, VA with equipment included.
      124 S Bridge Street, Bedford, VA 24523
      View Details
    • $385,000

      Restaurant Opportunity in Historic Bedford

      Turnkey restaurant with equipment in historic downtown Bedford, Virginia.
      124 S Bridge St, Bedford, VA 24523
      View Details
    • $399,900
      1,500 SF

      Commercial Land in Prime Location

      Commercially zoned land suitable for office or restaurant development.
      1001 E Lynchburg Salem Turnpike, Bedford, VA 24523
      View Details
    • $2,500,000
      10,743 SF

      Historic Bedford Commercial Property

      Charming, renovated 1848 building with multi-purpose potential on nearly 3 acres.
      812 E Main Street, Bedford, VA 24523
      View Details
    • $349,900
      3,200 SF

      Versatile Commercial Property in Bedford

      Commercial property in Bedford, VA, suitable for various business uses.
      503 Plunkett Street, Bedford, VA 24523
      View Details
    • $849,000
      99,999 SF

      Commercial Land on US 460

      13.14 acres with high visibility and development potential.
      0-4 tracts W Lynchburg Salem Turnpike, Bedford, VA 24523
      View Details
    • $349,900

      Versatile Commercial Property in Bedford

      Commercial property with flexibility for business or investment uses.
      503 Plunkett St, Bedford, VA 24523
      View Details
    • $279,900
      1,800 SF

      Commercial Property in Bedford, VA

      1,800 SF commercial building suitable for office, retail, or service.
      310 E Washington Street, Bedford, VA 24523
      View Details
    • $279,900

      Commercial Property in Bedford, VA

      1,800 SF commercial building with parking in Bedford, VA.
      310 E Washington St, Bedford, VA 24523
      View Details
    • $1,500,000
      9,999 SF

      Commercial Land in High-Traffic Location

      Prime commercial land with high visibility and traffic flow.
      1683 E Lynchburg Salem Turnpike, Bedford, VA 24523
      View Details
    • $499,900

      Development Land in Bedford, VA

      36.11 acres development opportunity in Bedford, Virginia.
      1334 E Lynchburg Salem Turnpike, Bedford, VA 24523
      View Details
    • $875,000
      18,588 SF

      Historic Bedford Mixed-Use Storefronts

      Rare opportunity to own a piece of Bedford's history.
      114-122 N Bridge Street, Bedford, VA 24523
      View Details

    FAQs

    What type of property is this?
    Commercial land - 6.25 acres ideal for commercial or mixed-use development.
    Where is this commercial land located?
    The property is located at E Lynchburg Salem Turnpike Bedford, VA.
    What is the asking price?
    The asking price for this property is $424,900.
    What are key features of this property?
    This property features: 6.25‑acre development opportunity in Bedford.; Located behind major retailers like Walmart and Tractor Supply.; Benefit from strong accessibility and visibility.
    (540) 297-7777
    We can help!
    Listing Contact
    Ronnie L Gross
    Real Estate License ID: 0225180171
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!