Office
For Sale
$299,900
1401 Lakeside Drive, Lynchburg, VA 24501
COMMERCIAL - Lynchburg, VA
Property Size1,689 SF
Lot Size0.27 Acres
Price / SF$177.56
Days on Market336
Property Features for 1401 Lakeside Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Commercial Misc
Directions
Property is at the corner of Lakeside Drive and Blue Ridge Street.
Standard status
Active
APN
01413002
Size
1,689 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Description
WEST LYNCHBURG, SEC 2, BLK 15, PARCEL A
Legal Description
WEST LYNCHBURG, SEC 2, BLK 15, PARCEL A
Building Details
Year built
1961
Listing Agency:
Watts Auction Realty Appraisals Inc
(434) 821-5263
Listed By:
Charlie A Watts II · License #0225086405
(434) 821-5263
Added: Sep 4, 2025
Changed: Aug 4
Last Checked: Aug 5 at 7:06PM
MLS# 361674
Copyright © 2026 Lynchburg Virginia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 1401 Lakeside Drive in Lynchburg, Virginia, this 1,689-square-foot office building was constructed in 1961. The property was most recently used for office purposes and sits along 221.
The parcel encompasses 0.2723 acres within Lynchburg and carries a 24501 ZIP code. Its existing office configuration provides a defined commercial property base, while the source information also identifies the building as potentially adaptable for another business use.
The parcel encompasses 0.2723 acres within Lynchburg and carries a 24501 ZIP code. Its existing office configuration provides a defined commercial property base, while the source information also identifies the building as potentially adaptable for another business use.
Key Highlights
- 1,689‑square‑foot office building
- 0.2723‑acre parcel
- Built in 1961
Financial Insights For Office B
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 | $35.5k | $21.00 |
| − Vacancy | −$1.4k | −$0.84 |
| EGI | $34.1k | $20.16 |
| − OpEx | −$8.5k | −$5.04 |
| NOI | $25.5k | $15.12 |
1,689 SF · lease $21.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$364.8K
$319.2K – $425.6K
NOI $25,538 @ 7.0% cap · market cap 8.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$500.3K
$437.8K – $583.7K
NOI $35,023 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
Explore this area
Business Placement
Demographics for 24501, VA
27,160
Population
12,157
Households
2.2
Avg Household Size
33
Median Age
25%
College-Educated
87%
High-School Grad
36.3 sq mi
ZIP Area
748
Density / Sq Mi
$45,305
Median Household Income
$28,790
Median Earnings
$936
Median Rent
$155,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Previously occupied for office use, the 1961 structure offers an established commercial building format.
Where is this office building located?
The property is located at 1401 Lakeside Drive Lynchburg, VA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1,689‑square‑foot office building; 0.2723‑acre parcel; Built in 1961
