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    7221 Timberlake Rd, Unit Lynchburg Lynchburg, VA 24502

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    For Sale
    $475,000

    2.15 acres with building in high-traffic area.

    Property size:
    2 SF

    Property Features for 7221 Timberlake Rd

    General Information

    Size
    2 SF
    Source: Cbcworldwide

    Listing Agent: Rick Read

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

    Overview

    Commercial Land with Existing Building

    The property consists of two parcels totaling approximately 2.15 acres. One parcel includes a 2,816 square foot building. The second parcel contains an abandoned house scheduled for demolition. Situated on Timberlake Road in a high-traffic area, the property is located beside a Citgo gas station. The lot dimensions are approximately 300 feet by 289 feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Our Salon United Beauty Salon Steve's Hair Care Beauty Salon

    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
    -79.2120984
    Latitude
    37.3612216

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    FAQs

    What type of property is this?
    Land - 2.15 acres with building in high-traffic area.
    Where is this land located?
    The property is located at 7221 Timberlake Rd, Unit Lynchburg Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - 2. 15 acres +/- total land area; - Located in a high traffic area on Timberlake Road; - **2816 SF building** on one parcel
    (434) 455-3618
    Request Owner's contact information
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    Lynchburg, VA 24502
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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
    7221 Timberlake Rd, Unit Lynchburg Lynchburg, VA 24502
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