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    1401 Lynchburg St Hopewell, VA 23860

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    For Sale
    $640,000

    Industrial property featuring a secure, fenced parking lot.

    Property size:
    1,200 SF
    Lot size:
    0.47 Acres

    Property Features for 1401 Lynchburg St

    General Information

    Size
    1,200 SF
    Lot size
    0.47 Acres

    Source: Commonwealth Commercial Agent Michael Mayhew

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

    Overview

    Industrial Property with Secure Parking

    This industrial property is currently leased to TeamCraft Roofing under a 5-year, NNN lease agreement. The property includes a fenced and secure parking lot, offering room for expansion. It features a small office area along with an updated 2-bay shop equipped with LED lighting, fresh paint, and a lift gate. The property is zoned B-3.
    Insight Report Location Intelligence

    Current Use by Public Records

    Select Automotive Inc Car Repair And Maintenance 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.

    Similar Places Nearby

    24 Seven Storage

    Location Insight

    • Map
    • Local Demand
    City
    Hopewell
    County
    Hopewell
    State
    Virginia
    Longitude
    -77.2972246
    Latitude
    37.2952172

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    FAQs

    What type of property is this?
    Warehouse - Industrial property featuring a secure, fenced parking lot.
    Where is this warehouse located?
    The property is located at 1401 Lynchburg St Hopewell, VA.
    What is the asking price?
    The asking price for this property is $640,000.
    What are key features of this property?
    This property features: - National Credit Tenant: TeamCraft Roofing with a 5-year, NNN lease; - Fenced and secure parking lot – room for expansion; - Zoned B-3
    (804) 346-4966
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    1401 Lynchburg St Hopewell, VA 23860
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    Hopewell, VA 23860
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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
    1401 Lynchburg St Hopewell, VA 23860
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