2815 Linkhorne Drive, Lynchburg, VA 24503
Multi-unit office building on corner lot near shopping center.
- Added:
- Oct 21, 2024
- Days on Market:
- 598
- Last Refresh:
- May 12 at 9:26 pm
Property Features for 2815 Linkhorne Drive
General Information
- Standard status
- Active
- Size
- 4,225 SF
- Property subtype
- Other
Building Details
- Year Built
- 1987
Listing agent Ricky Read
Listing office Coldwell Banker Commercial Read & Company (434) 455-2285
Listing date Oct 21, 2024
Source Xome
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All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Read & Company
HighLights
- Potential for 3 individual office units or owner‑occupied with tenants.
- Located on a signalized corner lot with entrances on two streets.
- Prime location across from Forest Hill Shopping Center and near medical/retail businesses.
- New roof installed in 2012.
- Recently replaced cupola (2023).
- Heating system in place.
Overview
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 | $88.7k | $21.00 |
| − Vacancy | −$3.5k | −$0.84 |
| EGI | $85.2k | $20.16 |
| − OpEx | −$21.3k | −$5.04 |
| NOI | $63.9k | $15.12 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lynchburg
- County
- Lynchburg
- State
- Virginia
- Longitude
- -79.2030161
- Latitude
- 37.4155178