Back to Search

For sale
Office Units
VA
Lynchburg
24502
117 Northwynd Cir

Wyndhurst Development Office and Retail

117 Northwynd Cir, Lynchburg, VA 24502

View on Map

For Sale

$550,000

Two adjacent buildings in Wyndhurst Development suitable for office or retail.

Property size:

2,250 SF

Price / SF:

$244/SF

HighLights

Excellent visibility in the Wyndhurst Development.
Building A is a fully built‑out commercial office space.
Adjacent Building B is an unfinished shell ready for customization.
Walking distance to retail, office, and residential buildings.
Building A includes a kitchen and two restrooms (one with shower).
Building A features a 2nd‑floor gallery with workspace and private office.

We can help!

Listing Contact

Luke J Dykeman

For Sale

$550,000

Two adjacent buildings in Wyndhurst Development suitable for office or retail.

Property size:

2,250 SF

Price / SF:

$244/SF

Added:: Oct 2, 2024
Days on Market:: 622
Last Refresh:: Apr 5 at 8:40 pm

Property Features for 117 Northwynd Cir

General Information

Standard status: Active
Size: 2,250 SF

We can help!

Listing Contact

Luke J Dykeman

Listing agent Luke J Dykeman

Listing office Coldwell Banker Commercial Read & Company

Listing date Oct 2, 2024

Source Exprealty

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 Coldwell Banker Commercial Read & Company

HighLights

Excellent visibility in the Wyndhurst Development.
Building A is a fully built‑out commercial office space.
Adjacent Building B is an unfinished shell ready for customization.
Walking distance to retail, office, and residential buildings.
Building A includes a kitchen and two restrooms (one with shower).
Building A features a 2nd‑floor gallery with workspace and private office.

Overview

Two adjacent buildings are available in the Wyndhurst Development. Building A is fully built-out as commercial office space, featuring a kitchen, two restrooms (one with a full shower), a waiting room, a second-floor gallery with a large workspace, a private office, and a 3/4 restroom. Unit B is an unfinished shell, ready to be built out and suitable for a variety of uses. The location offers excellent visibility, and a wide variety of retail, office, and residential buildings are within short walking distance.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$47.3k	$21.00
− Vacancy	−$1.9k	−$0.84
EGI	$45.4k	$20.16
− OpEx	−$11.3k	−$5.04
NOI	$34.0k	$15.12

2,250 SF · lease $21.00/SF/yr · vacancy 4.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$486.0K

$425.3K – $567.0K (±1% cap)

NOI $34,020 @ 7.0% cap · market cap 6.19%

Second Best

Retail

$390.0K

$341.3K – $455.0K (±1% cap)

NOI $27,301 @ 7.0% cap · market cap 4.96%

Theoretical Best

Office A

$666.5K

$583.2K – $777.6K (±1% cap)

NOI $46,656 @ 7.0% cap · market cap 8.48%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Christian Action Network Charitable Organization

Suggested Use

Location Insight

Map
Local Demand

City: Lynchburg
County: Lynchburg
State: Virginia
Longitude: -79.2401
Latitude: 37.3595

Nearby Similar for Sale

$1,599,000

6,000 SF

Machine Shop with Included Equipment

Fully operational machine shop with machines and business contents included, offering turn-key continuity for an automotive shop operator.

1431 Waterlick Road, Lynchburg, VA 24501

View Details
$399,900

5,134 SF

Lynchburg Commercial Building with Fenced Yard

5134 sq ft flex building with multiple mezzanine levels.

1819 Main Street, Lynchburg, VA 24504

View Details
$995,000

7,675 SF

Redeveloped Office Building on Fort

Three-story office building in high-traffic Lynchburg corridor.

5200 Fort Ave, Lynchburg, VA 24502

View Details
$1,250,000

6,215 SF

Lynchburg Commercial Property For Sale

High-visibility commercial property with flexible zoning and ample parking.

4001 Murray, Lynchburg, VA 24501

View Details
$1,100,000

9,341 SF

Historic Beaux Arts Mixed-Use Property

Unique mixed-use property in downtown Lynchburg, rich in history.

1025 Church Street, Lynchburg, VA 24504

View Details
$599,000

3,900 SF

Commercial Building on Timberlake Road

Commercial building with two rental spaces available for sale.

20936 Timberlake Road, Lynchburg, VA 24502

View Details
$1,450,000

9,737 SF

Historic Inn with Event Space

Boutique inn featuring rental suites and event space.

404 Cabell Street, Lynchburg, VA 24504

View Details
$899,000

6,792 SF

Lynchburg Multifamily Investment Opportunity

Income-producing 8-plex near restaurants, businesses, and local colleges.

1664 Graves Mill Road, Lynchburg, VA 24502

View Details
$899,000

6,792 SF

Lynchburg Multifamily Investment Opportunity

Income-producing 8-plex in high-traffic location with strong rental history.

1664 Graves Mill Road, Lynchburg, VA 24502

View Details
$149,900

919 SF

Office Flex Property with Parking

Well-maintained office-flex building offers versatile zoning and front-and-rear parking for a range of business uses.

196 Oakley Avenue, Lynchburg, VA 24501

View Details
$349,900

3,107 SF

Multi-Room Office/Retail Building

Versatile commercial building with reception area, 11 rooms, attached one-car garage, and front and rear parking—sold as-is.

2317 Lakeside Drive, Lynchburg, VA 24501

View Details
$179,900

2,310 SF

Versatile Lynchburg Office Space

Office space with hardwood floors and convenient parking.

3202 Memorial Avenue, Lynchburg, VA 24501

View Details

For sale
Office Units
VA
Lynchburg
24502
117 Northwynd Cir

What type of property is this?

Office units - Two adjacent buildings in Wyndhurst Development suitable for office or retail.

Where is this office units located?

The property is located at 117 Northwynd Cir Lynchburg, VA.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: Excellent visibility in the Wyndhurst Development.; Building A is a fully built‑out commercial office space.; Adjacent Building B is an unfinished shell ready for customization.