Retail Space For
For Sale
$959,000
1209 Commerce St, Lynchburg, VA 24504
Retail space available for purchase, totaling 5,804 square feet.
Property Size5,804 SF
Price / SF$165.23
Days on Market148
Property Features for 1209 Commerce St
General Information
Standard status
Active
Size
5,804 SF
Listing Agency:
Divine Fog Realty Company LLC
(434) 237-3777
Listed By:
T.L. Booker
Source:
Exprealty
Added: May 20
Changed: Oct 13
Last Checked: Oct 13 at 12:55AM
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 Divine Fog Realty Company LLC
Investment Insights
Based on property information with market context.
This retail space, totaling 5,804 square feet, became available on 06/20/2018. The property is located on Commerce Street in Lynchburg, VA.
Key Highlights
- Retail Property
- Size: 5,804 SF
- Built in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,425
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,408,500
$1.4M
Cap Rate 7%
$1,006,071
$1.0M
Cap Rate 9%
$782,500
$782.5K
Market Conditions
NOI Build-Up for 5,804 SF
Gross rent
$104.5K $18.00/SF
− Vacancy
−$3.9K −$0.67/SF
EGI
$100.6K $17.33/SF
− OpEx
−$30.2K −$5.20/SF
NOI
$70.4K $12.13/SF
Area
Lynchburg County, VA
Vacancy
3.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,408,500
Cap Rate 7%
$1,006,071
Cap Rate 9%
$782,500
Alternative Uses
Best Use
Retail
$1.01M
$880.3K – $1.17M
NOI $70,425 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.72M
$1.50M – $2.01M
NOI $120,352 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,162
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 100%
Virginia ABC
Groceries
5,102 visits/mo
0.2 miles
Demographics for 24504, VA
9,585
Population
5,206
Households
1.8
Avg Household Size
37
Median Age
24%
College-Educated
88%
High-School Grad
37.5 sq mi
ZIP Area
256
Density / Sq Mi
$50,739
Median Household Income
$34,265
Median Earnings
$998
Median Rent
$183,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for purchase, totaling 5,804 square feet.
Where is this retail space located?
The property is located at 1209 Commerce St Lynchburg, VA.
What is the asking price?
The asking price for this property is $959,000.
What are key features of this property?
This property features: Retail Property; Size: **5,804 SF**; Built in 1915
