Office Property with
For Sale
$550,000
117 Northwynd Cir, Lynchburg, VA 24502
A finished office layout is paired with adjacent unfinished space for a separate buildout.
Property Size2,470 SF
Price / SF$222.67
Days on Market21
Property Features for 117 Northwynd Cir
General Information
Standard status
Active
Size
2,470 SF
Building Details
Buildings
2
Listing Agency:
The Real Estate Advantage
(434) 385-8568
Listed By:
Judy F Woten
(434) 401-0110
Source:
Exprealty
Added: Sep 17
Changed: Sep 29
Last Checked: Oct 5 at 7:37PM
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 The Real Estate Advantage
Investment Insights
Based on property information with market context.
The 2,470-square-foot office property combines a completed workspace with a neighboring unfinished area. The finished portion includes ground-floor offices, a kitchen, a bathroom, and storage. A mezzanine level adds two private offices, another bathroom, and an open area that can accommodate further office use.
The adjacent unfinished space can be configured to suit a future occupant’s requirements.
The adjacent unfinished space can be configured to suit a future occupant’s requirements.
Key Highlights
- 2,470‑square‑foot office property
- Finished space includes offices, kitchen, bathroom, and storage
- Mezzanine level has two private offices, a bathroom, and open office area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,346
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,920
$746.9K
Cap Rate 7%
$533,514
$533.5K
Cap Rate 9%
$414,956
$415.0K
Market Conditions
NOI Build-Up for 2,470 SF
Gross rent
$51.9K $21.00/SF
− Vacancy
−$2.1K −$0.84/SF
EGI
$49.8K $20.16/SF
− OpEx
−$12.4K −$5.04/SF
NOI
$37.3K $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%
$746,920
Cap Rate 7%
$533,514
Cap Rate 9%
$414,956
Alternative Uses
Best Use
Office B
$533.5K
$466.8K – $622.4K
NOI $37,346 @ 7.0% cap · market cap 6.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$731.7K
$640.2K – $853.6K
NOI $51,218 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - A finished office layout is paired with adjacent unfinished space for a separate buildout.
Where is this office building 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: 2,470‑square‑foot office property; Finished space includes offices, kitchen, bathroom, and storage; Mezzanine level has two private offices, a bathroom, and open office area
