Office/Warehouse Condominium
New
For Sale
$385,000
1-1030 Mcconville Rd, Lynchburg, VA 24502
Newly renovated office/warehouse condo with drive-in access, a mezzanine office, and exposed ceilings on McConville Road.
Property Size2,340 SF
Price / SF$164.53
Days on Market7
Property Features for 1-1030 Mcconville Rd
General Information
Standard status
Active
Size
2,340 SF
Warehouse & Industrial
Clear Span
Yes
Conditioned Warehouse
Yes
Additional Details
Road Access
Yes
Listing Agency:
Coldwell Banker Commercial Read & Company
(434) 455-2285
Listed By:
Ricky Read · License #0226023041
Source:
Exprealty
Added: Jul 24
Changed: Jul 30
Last Checked: Jul 30 at 2:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Read & Company
Investment Insights
Based on property information with market context.
This newly renovated office/warehouse condominium unit includes approximately 2,340 SF of fully conditioned space. The interior features LVP flooring and exposed ceilings throughout, with an open work space designed to support both office and warehouse functions.
The unit offers drive-in access to the clear span warehouse space. A mezzanine office area overlooks the showroom/front area of the unit, creating an elevated workspace adjacent to the primary customer or work area.
Situated as a corner unit along McConville Road, the property provides convenient access and strong street-level visibility for tenants or businesses looking for a combined office and warehouse setup within McConville Park. The property is also available for lease.
The unit offers drive-in access to the clear span warehouse space. A mezzanine office area overlooks the showroom/front area of the unit, creating an elevated workspace adjacent to the primary customer or work area.
Situated as a corner unit along McConville Road, the property provides convenient access and strong street-level visibility for tenants or businesses looking for a combined office and warehouse setup within McConville Park. The property is also available for lease.
Key Highlights
- Approximately 2,340 SF fully conditioned office/warehouse space
- Recently renovated interior with LVP flooring and exposed ceilings
- Drive‑in access to the clear span warehouse area
Financial Insights For Office B
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 | $49.1k | $21.00 |
| − Vacancy | −$2.0k | −$0.84 |
| EGI | $47.2k | $20.16 |
| − OpEx | −$11.8k | −$5.04 |
| NOI | $35.4k | $15.12 |
2,340 SF · lease $21.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$505.4K
$442.3K – $589.7K
NOI $35,381 @ 7.0% cap · market cap 9.19%
Second Best
Warehouse
$205.0K
$179.4K – $239.2K
NOI $14,351 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$693.2K
$606.5K – $808.7K
NOI $48,522 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
278
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Newly renovated office/warehouse condo with drive-in access, a mezzanine office, and exposed ceilings on McConville Road.
Where is this flex space located?
The property is located at 1-1030 Mcconville Rd Lynchburg, VA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Approximately 2,340 SF fully conditioned office/warehouse space; Recently renovated interior with LVP flooring and exposed ceilings; Drive‑in access to the clear span warehouse area
