Flex Warehouse with Storage
1128 Blue Buckle Aly Lynchburg, VA 24501
For Sale
Contact for pricing
Renovated 4,632sf flex building plus a separate 1,200sf warehouse/storage structure built in 2022.
Property Size5,832 SF
Price / SF$77.14
Days on Market466
Property Features for 1128 Blue Buckle Aly
General Information
Standard status
Active
Size
5,832 SF
Property subtype
INDUSTRIAL
Listing Agency:
Gentry Commercial Real Estate, Inc
(434) 485-8901
Listed By:
Christopher Gentry
Source:
Moodyscre
Added: Apr 21, 2025
Changed: Jul 26
Last Checked: Jul 29 at 3:00PM
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 Gentry Commercial Real Estate, Inc
Investment Insights
Based on property information with market context.
This commercial property includes a 4,632sf main building built in 1986 and renovated in 2020. Improvements include a new membrane roof, new windows, 400A/3-phase power, two new HVAC units, a new water heater, updated lighting, new bathrooms (including one with a shower), new flooring, and refreshed kitchen/breakroom cabinetry and related upgrades.
The property also features a separate 1,200sf warehouse/storage building constructed in 2022, offering additional space for storage or ancillary uses.
With the combination of renovated flex space and an additional dedicated storage structure, the layout is designed to support a variety of commercial applications within the existing improvements.
The property also features a separate 1,200sf warehouse/storage building constructed in 2022, offering additional space for storage or ancillary uses.
With the combination of renovated flex space and an additional dedicated storage structure, the layout is designed to support a variety of commercial applications within the existing improvements.
Key Highlights
- 4,632 SF main commercial building built in 1986 and renovated in 2020
- Renovations include new membrane roof, new windows, new lighting, and updated flooring
- Power and HVAC upgrades: 400A/3‑phase power plus two new HVAC units and a new water heater
Financial Insights For Warehouse
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 | $45.5k | $7.80 |
| − Vacancy | −$3.4k | −$0.59 |
| EGI | $42.1k | $7.22 |
| − OpEx | −$6.3k | −$1.08 |
| NOI | $35.8k | $6.13 |
5,832 SF · lease $7.80/SF/yr · vacancy 7.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$510.9K
$447.1K – $596.1K
NOI $35,766 @ 7.0% cap · market cap 7.95%
Second Best
Flex RnD
$488.7K
$427.6K – $570.1K
NOI $34,208 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $120,932 @ 7.0% cap · market cap 26.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Blondie's Catering — 2420 12th St, Lynchburg, VA 24501
Frequently Asked Questions
What type of property is this?
Flex space - Renovated 4,632sf flex building plus a separate 1,200sf warehouse/storage structure built in 2022.
Where is this flex space located?
The property is located at 1128 Blue Buckle Aly Lynchburg, VA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 4,632 SF main commercial building built in 1986 and renovated in 2020; Renovations include new membrane roof, new windows, new lighting, and updated flooring; Power and HVAC upgrades: 400A/3‑phase power plus two new HVAC units and a new water heater
