Two-Building Office
117 Northwynd Circle, Lynchburg, VA 24502
For Sale
$550,000
Commercial/Indust, Lynchburg, VA
Property Size2,470 SF
Lot Size0.06 Acres
Price / SF$222.67
Days on Market54
Property Features for 117 Northwynd Circle
General Information
Property type
Property subtype
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Building Details
Year built
Listing Agency:
The Real Estate Advantage
(434) 385-8568
Listed By:
Judy F Woten
(434) 401-0110
Added: Sep 17
Changed: Oct 17
Last Checked: Nov 9 at 6:06AM
MLS# 369117
Copyright © 2026 Lynchburg Virginia MLS. 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 2,470-square-foot office property, built in 2004, includes a completed building arranged across two levels. The first floor provides office areas along with a kitchen, bathroom, and storage room. Upstairs, a mezzanine adds two private offices, another bathroom, and open space that can accommodate additional office functions.
An adjoining unfinished building is included with the property, providing space for a customized buildout. The combination of completed office improvements and additional unfinished area creates a flexible two-building configuration at 117 Northwynd Circle in Lynchburg, Virginia.
An adjoining unfinished building is included with the property, providing space for a customized buildout. The combination of completed office improvements and additional unfinished area creates a flexible two-building configuration at 117 Northwynd Circle in Lynchburg, Virginia.
Key Highlights
- 2,470‑square‑foot office property on a 0.062‑acre lot
- Built in 2004
- Finished office building with first‑floor offices, kitchen, bathroom, and storage room
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
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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
$214,300
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Lynchburg, VA
Properties on Market for Office buildings in Lynchburg
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office property with finished work areas, a mezzanine, support rooms, and adjacent unfinished space for customization.
Where is this office building located?
The property is located at 117 Northwynd Circle 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 on a 0.062‑acre lot; Built in 2004; Finished office building with first‑floor offices, kitchen, bathroom, and storage room
