Building Details

Year built 1931

Listing Agency: Keller Williams · Keller Williams Realty c***@kw.com Show Phone

Listed By: Mark Tomlin · License #0225261471 Show Phone

Added: Sep 13 Changed: Oct 16 Last Checked: Nov 3 at 12:06AM

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MLS# 369219

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.

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,871

Cap Rate

3.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$357,420 $357.4K

Cap Rate 7%

$255,300 $255.3K

Cap Rate 9%

$198,567 $198.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,418 SF

Gross rent

$34.5K $14.28/SF

− Vacancy

−$2.0K −$0.84/SF

EGI

$32.5K $13.44/SF

− OpEx

−$14.6K −$6.05/SF

NOI

$17.9K $7.39/SF

Area

Campbell County, VA

Vacancy

5.90%

Lease Rate

$14.28 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$357,420

Cap Rate 7%

$255,300

Cap Rate 9%

$198,567

Alternative Uses

Best Use

Apartment 5plus

$255.3K

$223.4K – $297.9K (±1% cap)

NOI $17,871 @ 7.0% cap · market cap 3.91%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$730.5K

$639.2K – $852.2K (±1% cap)

NOI $51,133 @ 7.0% cap · market cap 11.20%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Law Firm Big Box & Wholesale Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

103

Businesses Nearby

Explore this area Business Placement

Demographics for 24550, VA

7,772

Population

3,401

Households

2.3

Avg Household Size

42

Median Age

23%

College-Educated

93%

High-School Grad

63.3 sq mi

ZIP Area

123

Density / Sq Mi

$68,026

Median Household Income

$38,120

Median Earnings

$806

Median Rent

$201,700

Median Home Value

Frequently Asked Questions

Where is this commercial land located?

The property is located at 2551 Sunburst Road Evington, VA.

What is the asking price?

The asking price for this property is $456,500.