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    3024 Forest Hills Circle Lynchburg, VA 24501

    Source: https://www.cbcworldwide.com
    For Sale
    $1,595,000

    10,550 SF Office/Multi-Purpose Building For Sale

    Property size:
    10,550 SF

    Description

    Added:
    Apr 9, 2025
    Days on Market:
    249
    Office/Multi-Purpose building consisting of approximately 10,550 sq. ft., and formerly served as a School building. The property consists of two parcels being the building and .57 acre lot, and the other being a 28 space parking lot on .3 acres +/- across the street. Located just off of Old Forest Rd. and in close proximity to various local businesses and offices. Adaptable for a variety of office uses. This property is also available for lease. Contact agent for further details.

    Property Features for 3024 Forest Hills Circle

    General Information

    Property type
    Other mixed-use properties
    Square Feet
    10,550 SF
    Price / Square Foot
    $151
    Total Parking Spaces
    28
    Elevators
    N/A
    Lot Size
    38,159 SF

    Building Details

    Year Built
    1931
    Buildings
    1
    Stories
    1
    Location Intelligence

    Current Use by Public Records

    Rivermont School Lynchburg ... Special Education School Your Life ABA Mental Health Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    State
    Virginia
    Longitude
    -76.833988
    Latitude
    38.091884

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    FAQs

    What type of property is this?
    Mixed-use property - 10,550 SF Office/Multi-Purpose Building For Sale
    Where is this mixed-use property located?
    The property is located at 3024 Forest Hills Circle Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $1,595,000.
    (434) 455-2285
    Request Owner's contact information
    3024 Forest Hills Circle Lynchburg, VA 24501
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    Lynchburg, VA 24501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3024 Forest Hills Circle Lynchburg, VA 24501
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