Fenced Flex Building with
For Sale
$399,900
1819 Main Street, Lynchburg, VA 24504
COMMERCIAL - Lynchburg, VA
Property Size5,134 SF
Lot Size0.47 Acres
Price / SF$77.89
Days on Market141
Property Features for 1819 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
RT 29 to Main Street exit. Building on Right before Florida Ave.
Subdivision
Lynchburg
Standard status
Active
Size
5,134 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Description
Residue lot a block 35 Davis addt less parcels a-1 and a-2 Pc 10 Pg 370
Legal Description
Residue lot a block 35 Davis addt less parcels a-1 and a-2 Pc 10 Pg 370
Amenities
high speed internet
Building Details
Year built
1950
Listing Agency:
John Stewart Walker, Inc
(434) 385-6655
Listed By:
Jimmy Miller · License #0225201733
(434) 385-6655
Added: Mar 31
Changed: Aug 4
Last Checked: Aug 18 at 10:06PM
MLS# 365443
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.
This 5,134-square-foot flex building on 0.47 acres was constructed in 1950 and includes a fenced work area, multiple mezzanine levels, and two garage doors. The main level contains office space, while an upper office area includes a private bathroom and shower. In total, the building has two full bathrooms and one half bathroom.
The office area is air-conditioned, and one garage heater operates on gas; a second heater is not connected. Multiple electric options are available, along with high-speed internet service. Additional storage space is located behind the fence. The roof was replaced in 2025, and the property is located at 1819 Main Street in Lynchburg, just off 29.
The office area is air-conditioned, and one garage heater operates on gas; a second heater is not connected. Multiple electric options are available, along with high-speed internet service. Additional storage space is located behind the fence. The roof was replaced in 2025, and the property is located at 1819 Main Street in Lynchburg, just off 29.
Key Highlights
- 5,134‑square‑foot flex building on 0.47 acres
- Fenced property with additional storage area behind the fence
- Multiple mezzanine levels and two garage doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,486
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$629,720
$629.7K
Cap Rate 7%
$449,800
$449.8K
Cap Rate 9%
$349,844
$349.8K
Market Conditions
NOI Build-Up for 5,134 SF
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.
Gross rent
$40.0K $7.80/SF
− Vacancy
−$3.0K −$0.59/SF
EGI
$37.0K $7.22/SF
− OpEx
−$5.6K −$1.08/SF
NOI
$31.5K $6.13/SF
Area
Lynchburg County, VA
Vacancy
7.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$629,720
Cap Rate 7%
$449,800
Cap Rate 9%
$349,844
Alternative Uses
Best Use
Warehouse
$449.8K
$393.6K – $524.8K
NOI $31,486 @ 7.0% cap · market cap 7.87%
Second Best
Flex RnD
$430.2K
$376.4K – $501.9K
NOI $30,114 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,459 @ 7.0% cap · market cap 26.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 24504, VA
9,585
Population
5,206
Households
1.8
Avg Household Size
37
Median Age
24%
College-Educated
88%
High-School Grad
37.5 sq mi
ZIP Area
256
Density / Sq Mi
$50,739
Median Household Income
$34,265
Median Earnings
$998
Median Rent
$183,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial building combines office areas, garage access, storage, and multiple levels of mezzanine space.
Where is this flex space located?
The property is located at 1819 Main Street Lynchburg, VA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 5,134‑square‑foot flex building on 0.47 acres; Fenced property with additional storage area behind the fence; Multiple mezzanine levels and two garage doors
