22111 Timberlake Rd, Lynchburg, VA
8,000 SF retail building available for lease or purchase.
- Added:
- Oct 26, 2023
- Days on Market:
- 964
- Last Refresh:
- May 20 at 9:23 pm
Property Features for 22111 Timberlake Rd
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Lot size
- 0.84 Acres
- Property subtype
- RETAIL
Properties For Sale
at 22111 Timberlake Rd Contact us
Listing agent Frank Martin (540) 761-4227
Listing office Hall Associates, Inc (540) 761-4227
Listing date Oct 26, 2023
Source Moodyscre
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 Hall Associates, Inc
HighLights
- Approximately 8,000 SF (80X100) large building size.
- Available for purchase or lease.
- Lease option at $11.00 PSF NNN.
- Building is currently empty.
- Building dimensions are 80X100.
- NNN lease structure.
Overview
Local Financial Insights For 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 | $144.0k | $18.00 |
| − Vacancy | −$5.3k | −$0.67 |
| EGI | $138.7k | $17.33 |
| − OpEx | −$41.6k | −$5.20 |
| NOI | $97.1k | $12.13 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lynchburg
- County
- Lynchburg
- State
- Virginia
- Longitude
- -79.2556
- Latitude
- 37.323
