Retail Building on Corner
3100 Old Forest Rd Lynchburg, VA
3100 Old Forest Rd, Lynchburg, VA, 00000
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For Sale
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10,113 SF building on 1.106 AC corner lot.
Property Size10,113 SF
Lot Size1.11 Acres
Price / SF$167.61
Days on Market994
Property Features for 3100 Old Forest Rd
General Information
- Standard status
- Active
- Size
- 10,113 SF
- Lot size
- 1.11 Acres
- Property subtype
- RETAIL
Listing agency
Gentry Commercial Real Estate, Inc
(434) 485-8901
Listed by
Christopher Gentry
Source
Moodyscre
Added: Nov 1, 2023 Updated: Jul 6 at 10:01AM Checked: Jul 21 at 5:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gentry Commercial Real Estate, Inc
Investment Insights
Based on property information with market context.
The property features a building with approximately 10,113 square feet of space, situated on a site of approximately 1.106 acres. It occupies a corner location at a signalized intersection. Originally constructed as a pharmacy with a drive-thru, the building can be repurposed for other retail, multitenant, or medical uses. Alternatively, the site can be redeveloped for other purposes. The property includes 53 paved parking spaces and a drive-thru configuration. Public water and sewer services are available. A large pylon sign is present.
Key Highlights
- High‑visibility corner location at a signalized intersection.
- Versatile building suitable for retail, multi‑tenant, or medical use.
- Redevelopment potential for alternative uses.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $182.0k | $18.00 |
| − Vacancy | −$6.7k | −$0.67 |
| EGI | $175.3k | $17.33 |
| − OpEx | −$43.8k | −$4.33 |
| NOI | $131.5k | $13.00 |
10,113 SF · lease $18.00/SF/yr · vacancy 3.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.88M
$1.64M – $2.19M
NOI $131,474 @ 7.0% cap · market cap 7.76%
Second Best
Retail
$1.75M
$1.53M – $2.05M
NOI $122,709 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$3.00M
$2.62M – $3.50M
NOI $209,703 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Buy Bitcoin
Crypto Atm
CVS
Pharmacy
Redbox
Cinema
MoneyGram
Bank
Coinhub Bitcoin ATM ...
Atm
Similar For Sale Nearby
Similar Off Market Nearby
- Walmart Pharmacy — 3227 Old Forest Rd, Lynchburg, VA 24501
- Thuan Nguyen — 3100 Old Forest Rd, Lynchburg, VA 245012324
- Megan Bailey — 3227 Old Forest Rd, Lynchburg, VA 245012325
- Sue Bass — 2840 Linkhorne Dr, Lynchburg, VA 245033322
- Dark Beauty Insights — Old Forest Rd, Lynchburg, VA 24503
FAQs
What type of property is this?
Drug store - 10,113 SF building on 1.106 AC corner lot.
Where is this drug store located?
The property is located at 3100 Old Forest Rd Lynchburg, VA.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: High‑visibility corner location at a signalized intersection.; Versatile building suitable for retail, multi‑tenant, or medical use.; Redevelopment potential for alternative uses.
