Historical Tobacco Warehouse
For Sale
Contact for pricing
107 13th St, Lynchburg, VA 24504
45,000 SF downtown Lynchburg warehouse with development potential.
Property Size45,000 SF
Price / SF$57.56
Days on Market145
Property Features for 107 13th St
General Information
Standard status
Active
Size
45,000 SF
Total Parking Spaces
10
Property subtype
Retail, Land, Self Storage
Building Details
Year Built
1899
Buildings
1
Stories
2
Listing Agency:
Coldwell Banker Forehand & Co Realtors
Listed By:
Moyanne Harding · License #0226023827
Source:
Crexi
Added: May 23
Changed: Oct 8
Last Checked: Oct 12 at 6:27PM
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 Forehand & Co Realtors
Investment Insights
Based on property information with market context.
This 45,000-square-foot, two-story warehouse is located in downtown Lynchburg. The building, one of the last historical tobacco warehouses in the area, spans an entire block from 12th to 13th Street, fronting Commerce Street. It features 35-foot ceilings lined with skylights, four garage doors, a full kitchen, three and a half bathrooms, and one full bath. The property has three addresses and includes a huge storage space. Currently used as an estate furniture retail shop, the building has previously served as an interior design studio, real estate office, wine lounge, and events venue. A multifamily residential development plan has been designed, including a floor plan with conceptual renderings. Other potential uses include a storage facility or a large indoor parking garage. Historical tax credits may be available.
Key Highlights
- 45,000 sq ft warehouse in Downtown Lynchburg with development potential.
- Historical tobacco warehouse with potential for Historical Tax Credits.
- Includes Multifamily Residential Development Plan with floor plan and Conceptual Renderings.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$227,273
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,545,460
$4.5M
Cap Rate 7%
$3,246,757
$3.2M
Cap Rate 9%
$2,525,256
$2.5M
Market Conditions
NOI Build-Up for 45,000 SF
Gross rent
$351.0K $7.80/SF
− Vacancy
−$26.3K −$0.59/SF
EGI
$324.7K $7.22/SF
− OpEx
−$97.4K −$2.16/SF
NOI
$227.3K $5.05/SF
Area
Lynchburg County, VA
Vacancy
7.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,545,460
Cap Rate 7%
$3,246,757
Cap Rate 9%
$2,525,256
Alternative Uses
Best Use
Retail
$7.80M
$6.83M – $9.10M
NOI $546,021 @ 7.0% cap · market cap 21.08%
Second Best
Mixed Use
$4.88M
$4.27M – $5.69M
NOI $341,550 @ 7.0% cap · market cap 13.19%
Theoretical Best
Office A
$13.33M
$11.66M – $15.55M
NOI $933,120 @ 7.0% cap · market cap 36.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,162
Businesses Nearby
Explore this area
Business Placement
Demographics for 24504, VA
9,585
Population
5,206
Households
1.8
Avg Household Size
37
Median Age
24%
College-Educated
88%
High-School Grad
37.5 sq mi
ZIP Area
256
Density / Sq Mi
$50,739
Median Household Income
$34,265
Median Earnings
$998
Median Rent
$183,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Retail space - 45,000 SF downtown Lynchburg warehouse with development potential.
Where is this retail space located?
The property is located at 107 13th St Lynchburg, VA.
What is the asking price?
The asking price for this property is $2,590,000.
What are key features of this property?
This property features: 45,000 sq ft warehouse in Downtown Lynchburg with development potential.; Historical tobacco warehouse with potential for Historical Tax Credits.; Includes Multifamily Residential Development Plan with floor plan and Conceptual Renderings.
