Renovated Retail/Office with
1110 Campbell Ave Lynchburg, VA
For Sale
Contact for pricing
2,230 SF renovated retail/office space with drive-through for sale.
Property Size2,230 SF
Lot Size0.50 Acres
Price / SF$178.92
Days on Market631
Property Features for 1110 Campbell Ave
General Information
Standard status
Active
Size
2,230 SF
Lot size
0.50 Acres
Property subtype
RETAIL
Listing Agency:
Cushman & Wakefield | Thalhimer - Lynchburg
(434) 851-4481
Listed By:
Norman Moon · License #0225092206
(434) 851-4481
Source:
Moodyscre
Added: Nov 5, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:46AM
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 Cushman & Wakefield | Thalhimer - Lynchburg
Investment Insights
Based on property information with market context.
This 2,230 square foot retail or office space is available for sale on a 0.50-acre lot. The property, located in the Miller Park area of Lynchburg, was fully renovated in 2021 and features a drive-through. It is suitable for either retail or office use.
Key Highlights
- Fully renovated in 2021
- Drive through
- 2,230 SF Retail/Office
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 | $46.8k | $21.00 |
| − Vacancy | −$1.9k | −$0.84 |
| EGI | $45.0k | $20.16 |
| − OpEx | −$11.2k | −$5.04 |
| NOI | $33.7k | $15.12 |
2,230 SF · lease $21.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$481.7K
$421.5K – $562.0K
NOI $33,718 @ 7.0% cap · market cap 8.45%
Second Best
Specialty Retail
$414.2K
$362.4K – $483.2K
NOI $28,991 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$660.6K
$578.0K – $770.7K
NOI $46,241 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - 2,230 SF renovated retail/office space with drive-through for sale.
Where is this retail space located?
The property is located at 1110 Campbell Ave Lynchburg, VA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Fully renovated in 2021; Drive through; 2,230 SF Retail/Office
