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    3024 Forest Hills Cir Lynchburg, VA 24501

    For Sale
    $1,450,000

    Office/Multi-Purpose building adaptable for a variety of office uses.

    Property size:
    57 SF
    Lot size:
    0.88 Acres

    Property Features for 3024 Forest Hills Cir

    General Information

    Zoning
    R-3 & B-1
    Size
    57 SF
    Lot size
    0.88 Acres

    Building Details

    Year built
    1931

    Source: Ricky Read Agent Ricky Read

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

    Overview

    Office/Multi-Purpose Building For Sale

    The property is an office/multi-purpose building consisting of approximately 10,550 square feet. Formerly used as a school building, it is situated on two parcels. One parcel includes the building on a 0.57-acre lot, and the other is a 0.3-acre parking lot with 28 spaces located across the street. The total acreage is 0.876 acres. Located just off Old Forest Road, the property is in close proximity to various local businesses and offices. It is adaptable for a variety of office uses.
    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
    County
    Lynchburg
    State
    Virginia
    Longitude
    -79.2054746
    Latitude
    37.4171648

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    FAQs

    What type of property is this?
    Office building - Office/Multi-Purpose building adaptable for a variety of office uses.
    Where is this office building located?
    The property is located at 3024 Forest Hills Cir Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - 10,550 sq. ft. Office/Multi-Purpose Building; - Includes a 28-space parking lot across the street; - Adaptable for a variety of office uses
    (434) 455-2285
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    3024 Forest Hills Cir 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 Cir Lynchburg, VA 24501
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