Corner Pharmacy with
3100 Old Forest Rd Lynchburg, VA 24503
For Sale
Contact for pricing
Corner retail building with drive-thru setup and 53 paved parking spaces on a signalized intersection.
Property Size10,113 SF
Lot Size1.11 Acres
Price / SF$167.61
Days on Market1002
Property Features for 3100 Old Forest Rd
General Information
Standard status
Active
Size
10,113 SF
Lot size
1.11 Acres
Property subtype
RETAIL
Listing Agency:
Gentry Commercial Real Estate, Inc
(434) 485-8901
Listed By:
Christopher Gentry
Source:
Moodyscre
Added: Nov 1, 2023
Changed: Jul 27
Last Checked: Jul 28 at 3:09PM
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.
A +/- 10,113 SF corner commercial building on a +/- 1.106-acre site. The property was originally built as a pharmacy and includes a drive-thru configuration, along with paved parking designed for convenient customer access. Public water and sewer are available, and the site features a large pylon sign.
The building is located at a signalized intersection, supporting straightforward visibility and access from the roadway.
While the structure was designed for pharmacy operations, the improvements can be repurposed for other retail or multitenant and medical uses, or the site can be redeveloped for other uses.
The building is located at a signalized intersection, supporting straightforward visibility and access from the roadway.
While the structure was designed for pharmacy operations, the improvements can be repurposed for other retail or multitenant and medical uses, or the site can be redeveloped for other uses.
Key Highlights
- +/- 10,113 SF corner retail building on +/- 1.106 ac site at a signalized intersection
- Originally built as a pharmacy with drive‑thru; layout can support other retail, multitenant, or medical uses
- 53 paved parking spaces with drive‑thru configuration
Financial Insights For Specialty 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 | $182.0k | $18.00 |
| − Vacancy | −$6.7k | −$0.67 |
| EGI | $175.3k | $17.33 |
| − OpEx | −$43.8k | −$4.33 |
| NOI | $131.5k | $13.00 |
10,113 SF · lease $18.00/SF/yr · vacancy 3.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.88M
$1.64M – $2.19M
NOI $131,474 @ 7.0% cap · market cap 7.76%
Second Best
Retail
$1.75M
$1.53M – $2.05M
NOI $122,709 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$3.00M
$2.62M – $3.50M
NOI $209,703 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Liberty Flower Farm Shop — 3622 Old Forest Rd # A, Lynchburg, VA 24501
Frequently Asked Questions
What type of property is this?
Storefront property - Corner retail building with drive-thru setup and 53 paved parking spaces on a signalized intersection.
Where is this storefront property located?
The property is located at 3100 Old Forest Rd Lynchburg, VA.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: +/- 10,113 SF corner retail building on +/- 1.106 ac site at a signalized intersection; Originally built as a pharmacy with drive‑thru; layout can support other retail, multitenant, or medical uses; 53 paved parking spaces with drive‑thru configuration
