Flex Space with
For Sale
$349,000
1214 Rivermont Ave, Lynchburg, VA 24504
Commercial property combines office areas, work space, storage, and rear parking within Lynchburg’s Rivermont historic district.
Property Size2,200 SF
Price / SF$158.64
Days on Market372
Property Features for 1214 Rivermont Ave
General Information
Standard status
Active
Size
2,200 SF
Zoning
B-3
Amenities
shower area
break area
Listing Agency:
Long & Foster-Forest
Listed By:
Mike Osei Jr.
8
Source:
Exprealty
Added: Oct 13, 2025
Changed: Oct 13
Last Checked: Oct 16 at 10:05AM
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 Long & Foster-Forest
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Investment Insights
Based on property information with market context.
This 2,200-square-foot flex property provides a blend of office and operational space. The interior includes a lobby, multiple office areas, two restrooms, a shower area, and a break area, along with substantial open space suited for storage or work functions. A large garage adds covered operational capacity.
Paved parking is available behind the building, with room for several vehicles. The property is zoned B-3 and sits at 1214 Rivermont Ave in Lynchburg’s Rivermont historic district. Restaurants, churches, schools, and hospitals are identified in the surrounding area, while downtown and the Rivermont area are undergoing revitalization.
Paved parking is available behind the building, with room for several vehicles. The property is zoned B-3 and sits at 1214 Rivermont Ave in Lynchburg’s Rivermont historic district. Restaurants, churches, schools, and hospitals are identified in the surrounding area, while downtown and the Rivermont area are undergoing revitalization.
Key Highlights
- 2,200 SF flex property in Lynchburg’s Rivermont historic district
- B‑3 zoning
- Large garage and open storage or work area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,694
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,880
$533.9K
Cap Rate 7%
$381,343
$381.3K
Cap Rate 9%
$296,600
$296.6K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$39.6K $18.00/SF
− Vacancy
−$1.5K −$0.67/SF
EGI
$38.1K $17.33/SF
− OpEx
−$11.4K −$5.20/SF
NOI
$26.7K $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%
$533,880
Cap Rate 7%
$381,343
Cap Rate 9%
$296,600
Alternative Uses
Best Use
Office B
$475.2K
$415.8K – $554.4K
NOI $33,264 @ 7.0% cap · market cap 9.53%
Second Best
Retail
$381.3K
$333.7K – $444.9K
NOI $26,694 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$651.7K
$570.2K – $760.3K
NOI $45,619 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Avenue Foods Inc — 2223 Bedford Ave, Lynchburg, VA 24503
Frequently Asked Questions
What type of property is this?
Flex space - Commercial property combines office areas, work space, storage, and rear parking within Lynchburg’s Rivermont historic district.
Where is this flex space located?
The property is located at 1214 Rivermont Ave Lynchburg, VA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 2,200 SF flex property in Lynchburg’s Rivermont historic district; B‑3 zoning; Large garage and open storage or work area
