Wyndhurst Development Office and
For Sale
$550,000
117 Northwynd Cir, Lynchburg, VA 24502
Two adjacent buildings in Wyndhurst Development suitable for office or retail.
Property Size2,250 SF
Price / SF$244.44
Days on Market668
Property Features for 117 Northwynd Cir
General Information
Standard status
Active
Size
2,250 SF
Listing Agency:
Coldwell Banker Commercial Read & Company
(434) 944-3920
Listed By:
Luke J Dykeman · License #0225219360
Source:
Exprealty
Added: Oct 2, 2024
Changed: Jul 6
Last Checked: Jul 30 at 4:43PM
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 & Company
Investment Insights
Based on property information with market context.
Two adjacent buildings are available in the Wyndhurst Development. Building A is fully built-out as commercial office space, featuring a kitchen, two restrooms (one with a full shower), a waiting room, a second-floor gallery with a large workspace, a private office, and a 3/4 restroom. Unit B is an unfinished shell, ready to be built out and suitable for a variety of uses. The location offers excellent visibility, and a wide variety of retail, office, and residential buildings are within short walking distance.
Key Highlights
- Excellent visibility in the Wyndhurst Development.
- Building A is a fully built‑out commercial office space.
- Adjacent Building B is an unfinished shell ready for customization.
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 | $47.3k | $21.00 |
| − Vacancy | −$1.9k | −$0.84 |
| EGI | $45.4k | $20.16 |
| − OpEx | −$11.3k | −$5.04 |
| NOI | $34.0k | $15.12 |
2,250 SF · lease $21.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$486.0K
$425.3K – $567.0K
NOI $34,020 @ 7.0% cap · market cap 6.19%
Second Best
Retail
$390.0K
$341.3K – $455.0K
NOI $27,301 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$666.5K
$583.2K – $777.6K
NOI $46,656 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
543
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two adjacent buildings in Wyndhurst Development suitable for office or retail.
Where is this office units located?
The property is located at 117 Northwynd Cir Lynchburg, VA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Excellent visibility in the Wyndhurst Development.; Building A is a fully built‑out commercial office space.; Adjacent Building B is an unfinished shell ready for customization.
