Three-Building Office
For Sale
$2,850,000
1071 Woodberry Square Pl., Lynchburg, VA 24502
C-2-zoned office property completed in 2009 with multiple buildings at one Lynchburg address.
Property Size14,300 SF
Days on Market55
Property Features for 1071 Woodberry Square Pl.
General Information
Standard status
Active
Size
14,300 SF
Property subtype
Office
Zoning
C-2
Building Details
Building Size
14,300 SF
Year Built
2009
Buildings
3
Listing Agency:
Coldwell Banker Commercial Read & Co.
Listed By:
Ricky Read · License #0226023041
(434) 455-2285
Source:
Cbcworldwide
Added: Aug 16
Changed: Oct 2
Last Checked: Oct 7 at 8:29AM
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.
The property consists of three office buildings completed in 2009 and offered for sale as a single portfolio. The buildings are associated with 1071 Woodberry Square Pl. in Lynchburg, Virginia, providing a consolidated office asset rather than a standalone structure.
C-2 zoning is identified for the property. The site’s multi-building configuration and established construction date provide the primary physical characteristics available for evaluating the offering.
C-2 zoning is identified for the property. The site’s multi-building configuration and established construction date provide the primary physical characteristics available for evaluating the offering.
Key Highlights
- Three‑building office portfolio
- Constructed in 2009
- C‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$216,216
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,324,320
$4.3M
Cap Rate 7%
$3,088,800
$3.1M
Cap Rate 9%
$2,402,400
$2.4M
Market Conditions
NOI Build-Up for 14,300 SF
Gross rent
$300.3K $21.00/SF
− Vacancy
−$12.0K −$0.84/SF
EGI
$288.3K $20.16/SF
− OpEx
−$72.1K −$5.04/SF
NOI
$216.2K $15.12/SF
Area
Lynchburg County, VA
Vacancy
4.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,324,320
Cap Rate 7%
$3,088,800
Cap Rate 9%
$2,402,400
Alternative Uses
Best Use
Office B
$3.09M
$2.70M – $3.60M
NOI $216,216 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.24M
$3.71M – $4.94M
NOI $296,525 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - C-2-zoned office property completed in 2009 with multiple buildings at one Lynchburg address.
Where is this office building located?
The property is located at 1071 Woodberry Square Pl. Lynchburg, VA.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Three‑building office portfolio; Constructed in 2009; C‑2 zoning
