Office Space on Richeson
100 Richeson Drive Lynchburg, VA 24501
100 Richeson Drive, Lynchburg, VA, 24501
$350,000
For Sale
$350,000
1,325 sq ft office space on 0.555 acres.
Property Size1,325 SF
Lot Size0.56 Acres
Price / SF$264.15
Days on Market138
Property Features for 100 Richeson Drive
General Information
- Standard status
- Active
- Size
- 1,325 SF
- Lot size
- 0.56 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1953
Listing agency
Coldwell Banker Commercial Read & Co.
(434) 455-2285
Listed by
Ricky Read · License #0226023041
(434) 455-2285
Source
Cbcworldwide
Added: Mar 5 Updated: Jul 6 at 10:27AM Checked: Apr 9 at 9:00PM
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 & Co.
Investment Insights
Based on property information with market context.
This 1,325 sq. ft. office space is situated on a 0.555-acre lot and offers potential for various uses. The property benefits from good visibility and includes on-site parking, making it suitable for an owner-occupant. Zoned B-1, the property supports a range of light commercial and office uses, offering flexibility for medical practices, professional services, or boutique businesses.
Key Highlights
- 1,325 sq. ft. office space suitable for various uses
- B‑1 zoning allows for flexible commercial and office applications
- Good visibility for attracting clients or customers
Local 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 | $27.8k | $21.00 |
| − Vacancy | −$1.1k | −$0.84 |
| EGI | $26.7k | $20.16 |
| − OpEx | −$6.7k | −$5.04 |
| NOI | $20.0k | $15.12 |
1,325 SF · lease $21.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$286.2K
$250.4K – $333.9K
NOI $20,034 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$392.5K
$343.4K – $457.9K
NOI $27,475 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Murphys Dental Lab
Dental Office
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - 1,325 sq ft office space on 0.555 acres.
Where is this office units located?
The property is located at 100 Richeson Drive Lynchburg, VA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,325 sq. ft. office space suitable for various uses; B‑1 zoning allows for flexible commercial and office applications; Good visibility for attracting clients or customers
