Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3311 Old Forest Road Lynchburg, VA 24501

    View on Map
    Picture of Office buildings at 3311 Old Forest Road, Lynchburg, VA
    For Lease
    $16 SF/Yr

    700 SF Professional Office For Lease

    Added:
    Apr 14, 2025
    Days on Market:
    382
    Last Refresh:
    Mar 16 at 9:05 am

    Property Features for 3311 Old Forest Road

    General Information

    Standard status
    Active
    Property type
    Office buildings, Office properties & Spaces
    Elevators
    N/A
    Rate Type
    Yearly

    Building Details

    Buildings
    1
    Stories
    2

    We can help!

    Listing Contact
    Luke Dykeman

    Listing agent Luke

    Listing office

    Listing date Apr 14, 2025

    Overview

    Professional Office Space For Lease

    This property offers approximately 700 square feet of professional office space. The unit includes two offices, a reception/waiting area, and an ADA-compliant restroom. Dedicated parking is available. City sewer and city water services are provided. A credit check is required for lease approval. The property is located on Old Forest Road in Lynchburg, Virginia, making it suitable for a variety of office uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Moore Law Firm ... Law Firm Presidential Auto Transport Car Dealership Edward Jones - Financial ... Financial Advisor Restoring Peace Counseling ... Counselor Courtney Mccann Foster Care Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg
    State
    Virginia
    Longitude
    -79.213724
    Latitude
    37.409514

    Nearby Similar for Lease

    • Contact for pricing

      Lynchburg Retail and Office Spaces

      Retail and office spaces for lease in Lynchburg, Virginia.
      7701 Timberlake Rd, Lynchburg, VA 24502
      View Details
    • Contact for pricing

      Retail Spaces Near Liberty University

      Retail spaces for lease with excellent visibility and frontage.
      120-475 Simons Run, Lynchburg, VA 24502
      View Details
    • Contact for pricing

      Freestanding Restaurant Building For Rent

      Freestanding 2,782 SF restaurant in Kroger-anchored shopping center.
      7801 Timberlake Road, Lynchburg, VA, 24502
      View Details
    • $20 SF/Yr

      Turnkey Restaurant Opportunity in Lynchburg

      5,899 SF restaurant space with panoramic views available for rent.
      828 Main St, Lynchburg, VA
      View Details
    • $13 SF/Yr

      Retail Space with High Visibility

      Retail space for rent with excellent visibility and traffic.
      18243 Forest Rd, Lynchburg, VA
      View Details
    • $12 SF/Yr

      Sublease Office Space Available

      8,250 SF office space for sublease with elevator access.
      7701-7703 Timberlake Rd, Lynchburg, VA
      View Details
    • $12 SF/Yr

      +/- 700 SF Office Space For Lease

      700 sq. ft. office space with shared entry.
      3622 Old Forest Road, Lynchburg, VA 24501
      View Details
    • $32 SF/Yr

      Retail Space Near Liberty University

      Retail space with high visibility near Liberty University.
      120 Simons Run, Lynchburg, VA
      View Details
    • $22 SF/Yr

      Retail Suites in High-Income Area

      Two 1,400 SF retail suites available for lease.
      4327 Boonsboro Rd, Lynchburg, VA
      View Details
    • Contact for pricing

      Retail Space in Lynchburg Center

      Renovated retail space available in central Lynchburg shopping center.
      2820 Linkhorne Dr, Lynchburg, VA
      View Details
    • Contact for pricing

      Retail Space in Lynchburg Center

      Renovated retail space available in central Lynchburg shopping center.
      2828 Linkhorne Dr, Lynchburg, VA
      View Details
    • $14 SF/Yr

      Lynchburg Retail or Office Space

      3,814 SF suite suitable for retail or office use.
      7901 Timberlake Rd, Lynchburg, VA
      View Details

    FAQs

    What type of property is this?
    Office building - 700 SF Professional Office For Lease
    Where is this office building located?
    The property is located at 3311 Old Forest Road Lynchburg, VA.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: • Available Space: 700.0; • Lease Requirements: Credit Check; • Sewer: City
    +1 4344552285 107
    We can help!
    Listing Contact
    Luke Dykeman
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!