Renovated Commercial Building with
1128 Blue Buckle Aly Lynchburg, VA 24501
For Sale
$449,000
Versatile commercial building with renovated main building and separate warehouse.
Property Size5,832 SF
Lot Size1.00 Acre
Price / SF$76.99
Days on Market475
Property Features for 1128 Blue Buckle Aly
General Information
Standard status
Active
Size
5,832 SF
Lot size
1.00 Acre
Listing Agency:
Gentry Commercial Real Estate Inc
(434) 485-8900
Listed By:
Chris Gentry
Source:
Exprealty
Added: Apr 11, 2025
Changed: Jul 6
Last Checked: Jul 29 at 12:34PM
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 Gentry Commercial Real Estate Inc
Investment Insights
Based on property information with market context.
This commercial building, suitable for a variety of uses, features a 4,632 square foot main building constructed in 1986 and renovated in 2020. Renovations include a new membrane roof, new windows, new 400A/3ph power, two new HVAC units, a new water heater, new lighting, new bathrooms (one with a shower), new flooring, and new kitchen/breakroom cabinetry. Additionally, there is a separate 1,200 square foot warehouse/storage building constructed in 2022. The main building is fully heated and cooled, offering approximately 2560 square feet of open shop/work space with a 10-foot overhead drive-in door, along with approximately 1280 square feet of finished space on the main level and an additional approximately 820 square feet of finished mezzanine space. The property is zoned B-5, General Business, which is the highest business classification. The property consists of four separate parcels: 1128 Blue Buckle Alley, 1905 12th Street, 1907 12th Street, and 1913 12th Street.
Key Highlights
- Renovated main building (2020) with significant upgrades including a new roof, windows, electrical, HVAC, water heater, lighting, bathrooms, flooring, and kitchen/breakroom.
- Separate 1,200sf warehouse/storage building constructed in 2022.
- Zoned B‑5, General Business, the highest business classification.
Financial Insights For Warehouse
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 | $45.5k | $7.80 |
| − Vacancy | −$3.4k | −$0.59 |
| EGI | $42.1k | $7.22 |
| − OpEx | −$6.3k | −$1.08 |
| NOI | $35.8k | $6.13 |
5,832 SF · lease $7.80/SF/yr · vacancy 7.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.26M
$1.10M – $1.47M
NOI $88,180 @ 7.0% cap · market cap 19.64%
Second Best
Retail
$1.01M
$884.6K – $1.18M
NOI $70,764 @ 7.0% cap · market cap 15.76%
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $120,932 @ 7.0% cap · market cap 26.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Blondie's Catering — 2420 12th St, Lynchburg, VA 24501
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with renovated main building and separate warehouse.
Where is this flex space located?
The property is located at 1128 Blue Buckle Aly Lynchburg, VA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Renovated main building (2020) with significant upgrades including a new roof, windows, electrical, HVAC, water heater, lighting, bathrooms, flooring, and kitchen/breakroom.; Separate 1,200sf warehouse/storage building constructed in 2022.; Zoned B‑5, General Business, the highest business classification.
