Empty Retail
22111 Timberlake Rd Lynchburg, VA 24502
For Sale
Contact for pricing
Approximately 8,000 SF retail building on an 80-by-100 footprint, currently available for sale.
Property Size8,000 SF
Price / SF$199.88
Days on Market1004
Property Features for 22111 Timberlake Rd
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Property subtype
- RETAIL
Listing Agency:
Hall Associates, Inc
(540) 761-4227
Listed By:
Frank Martin
(540) 761-4227
Source:
Moodyscre
Added: Oct 26, 2023
Changed: Jul 25
Last Checked: Jul 25 at 6:21AM
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 Hall Associates, Inc
Investment Insights
Based on property information with market context.
This listing offers an approximately 8,000 SF retail building on an 80-by-100 footprint that is currently empty, ready for a new tenant or use. The property is being marketed for sale.
The building’s size and straightforward rectangular layout provide flexibility for retail build-out plans, subject to applicable approvals. Current vacancy also means there are no specific operating tenants noted as part of this offering.
For additional due diligence, interested parties should confirm the property’s existing improvements and any requirements for a proposed retail configuration with the appropriate local authorities.
The building’s size and straightforward rectangular layout provide flexibility for retail build-out plans, subject to applicable approvals. Current vacancy also means there are no specific operating tenants noted as part of this offering.
For additional due diligence, interested parties should confirm the property’s existing improvements and any requirements for a proposed retail configuration with the appropriate local authorities.
Key Highlights
- Approximately 8,000 SF retail building
- 80‑by‑100 building footprint
- Currently empty and available for sale
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 | $144.0k | $18.00 |
| − Vacancy | −$5.3k | −$0.67 |
| EGI | $138.7k | $17.33 |
| − OpEx | −$41.6k | −$5.20 |
| NOI | $97.1k | $12.13 |
8,000 SF · lease $18.00/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.39M
$1.21M – $1.62M
NOI $97,070 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,888 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Approximately 8,000 SF retail building on an 80-by-100 footprint, currently available for sale.
Where is this retail space located?
The property is located at 22111 Timberlake Rd Lynchburg, VA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Approximately 8,000 SF retail building; 80‑by‑100 building footprint; Currently empty and available for sale
