Two-Building Retail
22618 TIMBERLAKE RD, Lynchburg, VA 24502
For Sale
Contact for pricing
One building has three suites, while the adjoining property is occupied by a beauty shop and tanning salon on short-term terms.
Property Size8,004 SF
Lot Size0.99 Acres
Price / SF$161.79
Days on Market48
Property Features for 22618 TIMBERLAKE RD
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Office Units
Tenant in Place
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Dominion Commercial
Listed By:
Chip Duff · License VA #0225228873
(434) 238-6460
Source:
Crexi
Added: Sep 28
Changed: Nov 8
Last Checked: Nov 12 at 4:20AM
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 Dominion Commercial
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Investment Insights
Based on property information with market context.
The offering combines two one-story commercial buildings on adjoining parcels totaling approximately 0.99 acres. Both buildings date to 1989. The 22618 Timberlake Road building contains 4,002 SF and is leased short-term to a beauty shop and tanning salon. The 22634 Timberlake Road building contains approximately 4,002 SF, is divided into three suites, and has short-term tenants. The parcels comprise 0.46 acres and 0.53 acres, respectively.
The properties front Timberlake Road (US-460 Business), a commercial corridor with grocery, quick-service restaurant, automotive, medical, service, and retail businesses. Reported traffic on the corridor ranges from approximately 24,000 to 32,000 vehicles per day. The site is in Campbell County, just outside Lynchburg city limits.
The properties front Timberlake Road (US-460 Business), a commercial corridor with grocery, quick-service restaurant, automotive, medical, service, and retail businesses. Reported traffic on the corridor ranges from approximately 24,000 to 32,000 vehicles per day. The site is in Campbell County, just outside Lynchburg city limits.
Key Highlights
- Two adjoining parcels total approximately 0.99 acres
- Two one‑story commercial buildings, both built in 1989
- 22618 Timberlake Road: 4,002 SF on 0.53 acres; short‑term beauty shop/tanning salon tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,119
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,942,380
$1.9M
Cap Rate 7%
$1,387,414
$1.4M
Cap Rate 9%
$1,079,100
$1.1M
Market Conditions
NOI Build-Up for 8,004 SF
Gross rent
$144.1K $18.00/SF
− Vacancy
−$5.3K −$0.67/SF
EGI
$138.7K $17.33/SF
− OpEx
−$41.6K −$5.20/SF
NOI
$97.1K $12.13/SF
Area
Lynchburg County, VA
Vacancy
3.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,942,380
Cap Rate 7%
$1,387,414
Cap Rate 9%
$1,079,100
Alternative Uses
Best Use
Retail
$1.39M
$1.21M – $1.62M
NOI $97,119 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.07M – $2.77M
NOI $165,971 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
4,640 visits/mo
0.2 miles
Exxon
Shops & Services
4,155 visits/mo
0.1 miles
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
$214,300
Median Home Value
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Market
Average Price Trend$/SF for Retail space in Lynchburg, VA
Properties on Market for Retail space in Lynchburg
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - One building has three suites, while the adjoining property is occupied by a beauty shop and tanning salon on short-term terms.
Where is this retail space located?
The property is located at 22618 TIMBERLAKE RD Lynchburg, VA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Two adjoining parcels total approximately 0.99 acres; Two one‑story commercial buildings, both built in 1989; 22618 Timberlake Road: 4,002 SF on 0.53 acres; short‑term beauty shop/tanning salon tenant
