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    Machine Shop with Included Equipment Title is generated by Realmo AI

    1431 Waterlick Road, Lynchburg, VA 24501

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    For Sale
    $1,599,000

    COMMERCIAL - Lynchburg, VA

    Property size:
    6,000 SF
    Lot size:
    1.41 Acres
    Price / SF:
    $266/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 2:06 am

    Property Features for 1431 Waterlick Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    21-12-5
    Size
    6,000 SF
    Lot size
    1.41 Acres

    Taxes and HOA fees

    Tax Description
    Mann Industrial Sites Lot 5 Sec 1

    Building Details

    Year built
    2017

    We can help!

    Listing Contact
    Charlie A Watts II
    Charlie A Watts II

    Listing agent Charlie A Watts II License #0225086405

    Listing office Watts Auction Realty Appraisals Inc 7661 Wards RD, Rustburg, VA

    Listing date Jun 5, 2026

    MLS# 367113

    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.

    HighLights

    • Machine shop built in 2017
    • Fully operational machine shop located outside city limits in Campbell County near Business 460
    • All contents and machines included with the building

    Overview

    This offering is a fully operational machine shop being sold with the building and all contents and machines included. The property is designed to support in-house machining work, with the equipment package conveyed alongside the real estate for immediate use by the next owner-operator.

    Located outside of city limits in Campbell County near Lynchburg, the site offers convenient access to Business 460. The lot size is 1.41 acres, providing room for a dedicated shop operation within a compact commercial setting.

    For buyers looking to acquire an existing, operating machine shop rather than starting from scratch, this property provides the core equipment and workspace together. It also may be of interest to automotive-related operators seeking an on-site machining capability and a property configured for shop use, with the added convenience that the machines and shop contents are included in the sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Prototec Industrial Manufacturer

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Food Market Accounting Firm

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

    Similar Places Nearby

    • Steele's Body Shop — 18914 Leesville Rd, Lynchburg, VA 24501
    • Tim's Auto Services & Repair — 18932 Leesville Rd, Lynchburg, VA 24501
    • Timbrook Automotive Inc — 1505 Waterlick Rd, Lynchburg, VA 24501
    • LYH Automotive — 19213 Leesville Rd Suite 2, Lynchburg, VA 24502

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg
    State
    Virginia
    Longitude
    -79.2226346
    Latitude
    37.3134016

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    FAQs

    What type of property is this?
    Auto shop - Fully operational machine shop with machines and business contents included, offering turn-key continuity for an automotive shop operator.
    Where is this auto shop located?
    The property is located at 1431 Waterlick Road 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: Machine shop built in 2017; Fully operational machine shop located outside city limits in Campbell County near Business 460; All contents and machines included with the building
    (434) 821-5263
    We can help!
    Listing Contact
    Charlie A Watts II
    Charlie A Watts II
    Real Estate License ID: 0225086405
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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