Counseling-Turned Medical Office
For Sale
$435,000
18697 Forest Road, Lynchburg, VA 24502
COMMERCIAL - Lynchburg, VA
Property Size2,282 SF
Lot Size1.47 Acres
Price / SF$190.62
Days on Market94
Property Features for 18697 Forest Road
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Long driveway on Forest Rd between CVS and Subway
Subdivision
Bedford
Standard status
Active
APN
10120400
Size
2,282 SF
Lot size
1.47 Acres
Taxes and HOA fees
Tax Description
LT 1
Legal Description
LT 1
Building Details
Year built
1932
Listing Agency:
Mark A. Dalton & Co., Inc.
(434) 841-8405
Listed By:
David Evans · License #0225268176
(434) 237-6267
Added: Apr 28
Changed: May 31
Last Checked: Jul 30 at 10:06PM
MLS# 366174
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 property has been the long-term home of The Madeline Center, a counseling business, for nearly 30 years, offering an office environment well suited to day-to-day professional use. The building provides a dedicated medical office space configuration, complemented by professionally landscaped grounds totaling 1.47 acres.
Located at 18697 Forest Road in Lynchburg, the property is positioned privately directly behind the CVS on Forest Rd. That setting provides a more secluded, park-like feel while still keeping the surrounding amenities within easy reach.
With approximately 2,282 square feet of space, the offering presents a turnkey opportunity for an organization seeking an established facility with a proven local operating history at this site.
Located at 18697 Forest Road in Lynchburg, the property is positioned privately directly behind the CVS on Forest Rd. That setting provides a more secluded, park-like feel while still keeping the surrounding amenities within easy reach.
With approximately 2,282 square feet of space, the offering presents a turnkey opportunity for an organization seeking an established facility with a proven local operating history at this site.
Key Highlights
- Built in 1932 and currently used as the Madeline Center counseling business
- On 1.47 acres of professionally landscaped, park‑like grounds
- Property is privately located directly behind the CVS on Forest Rd
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 | $47.9k | $21.00 |
| − Vacancy | −$1.9k | −$0.84 |
| EGI | $46.0k | $20.16 |
| − OpEx | −$11.5k | −$5.04 |
| NOI | $34.5k | $15.12 |
2,282 SF · lease $21.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$492.9K
$431.3K – $575.1K
NOI $34,504 @ 7.0% cap · market cap 7.93%
Second Best
Healthcare Medical
$405.6K
$354.9K – $473.2K
NOI $28,392 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$676.0K
$591.5K – $788.7K
NOI $47,320 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 24502, VA
41,058
Population
18,576
Households
2.2
Avg Household Size
36
Median Age
39%
College-Educated
92%
High-School Grad
29.9 sq mi
ZIP Area
1,373
Density / Sq Mi
$66,027
Median Household Income
$35,923
Median Earnings
$1,166
Median Rent
$214,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Former counseling center on 1.47 acres with established operations history and professional office space for sale.
Where is this medical office space located?
The property is located at 18697 Forest Road Lynchburg, VA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Built in 1932 and currently used as the Madeline Center counseling business; On 1.47 acres of professionally landscaped, park‑like grounds; Property is privately located directly behind the CVS on Forest Rd
