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    Flexible Lynchburg Retail/Medical Opportunity Title is generated by Realmo AI

    2105 12TH ST, Lynchburg, VA 24501

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    Adaptable commercial space for medical, retail, and service-oriented businesses.

    Type:Retail, Office
    Added:
    May 17, 2026
    Days on Market:
    11
    Last Refresh:
    May 20 at 4:34 am

    Property Features for 2105 12TH ST

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1965

    Spaces For Lease

    at 2105 12TH ST Contact us

    We can help!

    Listing Contact
    Michael Wu

    Listing agent Michael Wu License #0225251042

    Listing office Shircliff Commercial Real Estate -Robert Shircliff Broker/Owner SCRE, LLC

    Listing date May 17, 2026

    Source Crexi

    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 Shircliff Commercial Real Estate -Robert Shircliff Broker/Owner SCRE, LLC

    HighLights

    • Landlord offers Build‑to‑Suit improvements, customizing the space to tenant specifications.
    • Flexible configuration ideal for medical, retail, and service‑oriented businesses.
    • Option to lease the property in its current partially improved "as‑is" condition.
    • Located in an established commercial corridor with accessibility to residential areas.
    • Suited for multi‑suite concepts, healthcare groups, or owner‑operators.
    • Adaptable to evolving tenant requirements and diverse commercial uses.

    Overview

    Located at 2105 12th Street in Lynchburg, VA, this commercial space offers flexibility and visibility. The property is in partially built-out condition, presenting an opportunity for customized space planning. The landlord is willing to complete tenant-specific build-outs or deliver the premises in its current 'as-is' condition. The layout is suited for medical, wellness, and service-oriented users, such as urgent care clinics, family practices, dental or orthodontic practices, physical therapy, sports medicine, chiropractic, rehabilitation services, behavioral health, counseling, therapy, med spas, aesthetic services, salon suites, beauty collective concepts, wellness, fitness, and specialty healthcare uses. The zoning supports a range of retail and commercial uses, creating flexibility for retail operators, professional services, boutique concepts, and destination-based businesses. The property is located within an established commercial corridor with accessibility to surrounding residential neighborhoods and consumer base. This offering is suited for tenants seeking customized occupancy solutions without ground-up development timelines, while retaining flexibility across a range of commercial uses.
    Location Intelligence

    Current Use by Public Records

    Thomas's Auto Works Auto Repair Shop

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Animal Hospital of Lynchburg — 1705 Memorial Ave, Lynchburg, VA 24501
    • Dr. Rick Krason — 1705 Memorial Ave, Lynchburg, VA 24501
    • Blue Ridge Animal League — 300 Oakley Ave, Lynchburg, VA 24501
    • Addison Animal Hospital — 1818 Memorial Ave, Lynchburg, VA 24501

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg
    State
    Virginia
    Longitude
    -79.1592825
    Latitude
    37.4019197

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    FAQs

    What type of property is this?
    Medical Office Space - Adaptable commercial space for medical, retail, and service-oriented businesses.
    Where is this medical office space located?
    The property is located at 2105 12TH ST Lynchburg, VA.
    What are key features of this property?
    This property features: Landlord offers Build‑to‑Suit improvements, customizing the space to tenant specifications.; Flexible configuration ideal for medical, retail, and service‑oriented businesses.; Option to lease the property in its current partially improved "as‑is" condition.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Wu
    Real Estate License ID: 0225251042
    Learn More
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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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    2105 12TH ST, LYNCHBURG, VA 24501
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