Renovated Retail/Office with
For Sale
Contact for pricing
1110 Campbell Ave, Lynchburg, VA
2,230 SF renovated retail/office space with drive-through for sale.
Property Size2,230 SF
Lot Size0.50 Acres
Price / SF$178.92
Days on Market722
Property Features for 1110 Campbell Ave
General Information
Standard status
Active
Size
2,230 SF
Lot size
0.50 Acres
Property subtype
RETAIL
Listing Agency:
Cushman & Wakefield | Thalhimer - Lynchburg
(434) 237-3384
Listed By:
Norman Moon · License #4001000797
(434) 851-4481
Source:
Moodyscre
Added: Nov 5, 2024
Changed: Oct 25
Last Checked: Oct 26 at 1:14PM
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 Cushman & Wakefield | Thalhimer - Lynchburg
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,230 square foot retail or office space is available for sale on a 0.50-acre lot. The property, located in the Miller Park area of Lynchburg, was fully renovated in 2021 and features a drive-through. It is suitable for either retail or office use.
Key Highlights
- Fully renovated in 2021
- Drive through
- 2,230 SF Retail/Office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,718
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,360
$674.4K
Cap Rate 7%
$481,686
$481.7K
Cap Rate 9%
$374,644
$374.6K
Market Conditions
NOI Build-Up for 2,230 SF
Gross rent
$46.8K $21.00/SF
− Vacancy
−$1.9K −$0.84/SF
EGI
$45.0K $20.16/SF
− OpEx
−$11.2K −$5.04/SF
NOI
$33.7K $15.12/SF
Area
Lynchburg County, VA
Vacancy
4.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,360
Cap Rate 7%
$481,686
Cap Rate 9%
$374,644
Alternative Uses
Best Use
Office B
$481.7K
$421.5K – $562.0K
NOI $33,718 @ 7.0% cap · market cap 8.45%
Second Best
Specialty Retail
$414.2K
$362.4K – $483.2K
NOI $28,991 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$660.6K
$578.0K – $770.7K
NOI $46,241 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
660
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - 2,230 SF renovated retail/office space with drive-through for sale.
Where is this retail space located?
The property is located at 1110 Campbell Ave Lynchburg, VA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Fully renovated in 2021; Drive through; 2,230 SF Retail/Office
