Retail Building with Storage
For Sale
$695,000
10925 Richmond Hwy, Lynchburg, VA 24504
Commercial Sale, Retail, Professional/Office, Lynchburg, VA
Property Size3,200 SF
Lot Size7.79 Acres
Price / SF$217.19
Days on Market940
Property Features for 10925 Richmond Hwy
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Com
Subdivision
Campbell
Standard status
Active
Size
3,200 SF
Lot size
7.79 Acres
Taxes and HOA fees
Tax Description
Location! Location! Location! This property can house numerous types of businesses all at once. It is located on a highway with over a 15,000 daily traffic count daily. It also has a house with 3 bedrooms/1 bath on a basement that can be lived in or rented out. The property's 7.79 acres could even allow for a storage unit business to be located in the back. There is a state road located behind it.
Legal Description
Location! Location! Location! This property can house numerous types of businesses all at once. It is located on a highway with over a 15,000 daily traffic count daily. It also has a house with 3 bedrooms/1 bath on a basement that can be lived in or rented out. The property's 7.79 acres could even allow for a storage unit business to be located in the back. There is a state road located behind it.
Building Details
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Scruggs Real Estate LLC
(434) 315-1630
Listed By:
Jeff McMurry
(434) 547-9440
Added: Mar 24, 2024
Changed: Oct 15
Last Checked: Oct 19 at 12:06AM
MLS# 52515
Copyright © 2026 South Central Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This freestanding retail property includes approximately 3,200 square feet of building area, with more than 3,190 square feet configured for retail use. The frame structure has a composition roof and is situated on 7.79 acres. Commercial zoning supports the property’s existing classification and provides a basis for evaluating future use options.
The building was most recently occupied by a church and previously served as a workshop producing concrete landscaping products. The site also includes room for construction of a storage facility, as described in the property information. An inventory of items associated with the prior landscaping-products operation is available to convey with the sale.
The building was most recently occupied by a church and previously served as a workshop producing concrete landscaping products. The site also includes room for construction of a storage facility, as described in the property information. An inventory of items associated with the prior landscaping-products operation is available to convey with the sale.
Key Highlights
- 3,200‑square‑foot property with more than 3,190 square feet of retail space
- 7.79‑acre commercial property
- Commercial zoning designated Com
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,828
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,560
$776.6K
Cap Rate 7%
$554,686
$554.7K
Cap Rate 9%
$431,422
$431.4K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$57.6K $18.00/SF
− Vacancy
−$2.1K −$0.67/SF
EGI
$55.5K $17.33/SF
− OpEx
−$16.6K −$5.20/SF
NOI
$38.8K $12.13/SF
Area
Lynchburg County, VA
Vacancy
3.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,560
Cap Rate 7%
$554,686
Cap Rate 9%
$431,422
Alternative Uses
Best Use
Retail
$554.7K
$485.4K – $647.1K
NOI $38,828 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$947.9K
$829.4K – $1.11M
NOI $66,355 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6
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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Commercially zoned property with a freestanding retail building and additional land for a future storage facility.
Where is this retail space located?
The property is located at 10925 Richmond Hwy Lynchburg, VA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 3,200‑square‑foot property with more than 3,190 square feet of retail space; 7.79‑acre commercial property; Commercial zoning designated Com
