Retail Space For
For Sale
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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 Market77
Property Features for 1209 COMMERCE ST
General Information
Standard status
Active
Size
5,804 SF
Property subtype
Retail
Building Details
Year Built
1915
Listing Agency:
Divine Fog Realty Company LLC- Roanoke
Listed By:
TL Booker · License #VA
Source:
Crexi
Added: May 21
Changed: Jul 10
Last Checked: Aug 4 at 1:29PM
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- Roanoke
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 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 | $104.5k | $18.00 |
| − Vacancy | −$3.9k | −$0.67 |
| EGI | $100.6k | $17.33 |
| − OpEx | −$30.2k | −$5.20 |
| NOI | $70.4k | $12.13 |
5,804 SF · lease $18.00/SF/yr · vacancy 3.70% · expense 30.00%
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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
