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    3633 Old Forest Rd, Unit Lynchburg Lynchburg, VA 24501

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    For Sale
    $395,000

    Multi-tenant office building available on highly traveled Old Forest Rd.

    Property size:
    3 SF

    Property Features for 3633 Old Forest Rd

    General Information

    Size
    3 SF

    Building Details

    Year built
    1950

    Source: Ricky Read Agent Ricky Read

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Tenant Office Building For Sale

    This multi-tenant office building is located along the highly traveled Old Forest Rd. corridor. The property has been updated over the years to accommodate multiple professional office users. The building consists of two office suites on the main level, with a mostly finished basement level that includes a separate restroom and entrance. The B-1 zoning allows for a variety of uses, including office, retail, professional services, daycare, and religious institutions. The property size is 3 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cothran Schoonover Insurance ... Insurance Agency Virginia Young Men's ... Non-Profit Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg
    State
    Virginia
    Longitude
    -79.2190466
    Latitude
    37.4066587

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    FAQs

    What type of property is this?
    Office building - Multi-tenant office building available on highly traveled Old Forest Rd.
    Where is this office building located?
    The property is located at 3633 Old Forest Rd, Unit Lynchburg Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - High-traffic location on Old Forest Rd.; - Multi-tenant office building with two suites on the main level.; - Versatile B-1 zoning allows for diverse uses such as office, retail, or daycare.
    (434) 455-2285
    Request Owner's contact information
    3633 Old Forest Rd, Unit Lynchburg 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
    3633 Old Forest Rd, Unit Lynchburg Lynchburg, VA 24501
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