Wyndhurst Development Office/Retail
117 Northwynd Circle Lynchburg, VA 24502
117 Northwynd Circle, Lynchburg, VA, 24502
$550,000
For Sale
$550,000
Two adjacent buildings, one finished office, one unfinished shell.
Property Size2,250 SF
Price / SF$244.44
Days on Market789
Property Features for 117 Northwynd Circle
General Information
- Standard status
- Active
- Size
- 2,250 SF
- Property subtype
- Other
Building Details
- Year Built
- 2004
Listing Agency
Coldwell Banker Commercial Read & Company
(434) 455-2285
Listed by
Luke Dykeman
(434) 944-3920
Source
Xome
Added: May 21, 2024 Checked: Jul 17 at 2:18 am
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.
Two adjacent buildings are available in the Wyndhurst Development. Building A is fully built-out as commercial office space. It includes a kitchen, two restrooms (one with a full shower), a waiting room, a second-floor gallery with a large workspace, a private office, and a 3/4 restroom. Unit B is an unfinished shell ready to be built out and suitable for a variety of uses. The location offers excellent visibility, and a wide variety of retail, office, and residential buildings are within short walking distance. The property size is 2250 square feet.
Key Highlights
- Two adjacent buildings offer flexibility for commercial use and expansion.
- Building A is fully built‑out as commercial office space, ready for immediate occupancy.
- Unfinished Building B provides a customizable space suitable for a variety of uses.
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 | $47.3k | $21.00 |
| − Vacancy | −$1.9k | −$0.84 |
| EGI | $45.4k | $20.16 |
| − OpEx | −$11.3k | −$5.04 |
| NOI | $34.0k | $15.12 |
2,250 SF · lease $21.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$486.0K
$425.3K – $567.0K
NOI $34,020 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$666.5K
$583.2K – $777.6K
NOI $46,656 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Christian Action Network
Charitable Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two adjacent buildings, one finished office, one unfinished shell.
Where is this office units located?
The property is located at 117 Northwynd Circle Lynchburg, VA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two adjacent buildings offer flexibility for commercial use and expansion.; Building A is fully built‑out as commercial office space, ready for immediate occupancy.; Unfinished Building B provides a customizable space suitable for a variety of uses.
