Retail/Bank Building on Walmart
For Sale
$975,000
3225 Old Forest Rd, Lynchburg, VA 24501
Retail/Bank building for sale on Walmart outparcel with lease.
Property Size2,882 SF
Price / SF$338.31
Days on Market1609
Property Features for 3225 Old Forest Rd
General Information
Standard status
Active
Size
2,882 SF
Listing Agency:
Coldwell Banker Commercial Read & Company
(434) 455-2285
Listed By:
Ricky Read · License #0225188167
(434) 841-3659
Source:
Exprealty
Added: Apr 21, 2022
Changed: Sep 6
Last Checked: Sep 15 at 2:37PM
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 Coldwell Banker Commercial Read & Company
Investment Insights
Based on property information with market context.
This retail/bank building is located on Old Forest Road in Lynchburg, Virginia, situated on a Walmart Supercenter outparcel at a signalized intersection. The property features high visibility, a shared parking easement with Walmart, a drive-thru, and multiple points of access. It is also located in close proximity to Route 501. There is an existing lease in place until March 2026.
Key Highlights
- Walmart Supercenter Outparcel: Benefit from high‑traffic location.
- Existing Lease in Place: Provides immediate income stream until March 2026.
- High Visibility: Prominent location ensures maximum exposure.
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
$37,467
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
3.84%
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%
$749,340
$749.3K
Cap Rate 7%
$535,243
$535.2K
Cap Rate 9%
$416,300
$416.3K
Market Conditions
NOI Build-Up for 2,882 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
$51.9K $18.00/SF
− Vacancy
−$1.9K −$0.67/SF
EGI
$50.0K $17.33/SF
− OpEx
−$12.5K −$4.33/SF
NOI
$37.5K $13.00/SF
Area
Lynchburg County, VA
Vacancy
3.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$749,340
Cap Rate 7%
$535,243
Cap Rate 9%
$416,300
Alternative Uses
Best Use
Specialty Retail
$535.2K
$468.3K – $624.5K
NOI $37,467 @ 7.0% cap · market cap 3.84%
Second Best
Retail
$499.6K
$437.1K – $582.8K
NOI $34,970 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$853.7K
$747.0K – $996.0K
NOI $59,761 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
Explore this area
Business Placement
Demographics for 24501, VA
27,160
Population
12,157
Households
2.2
Avg Household Size
33
Median Age
25%
College-Educated
87%
High-School Grad
36.3 sq mi
ZIP Area
748
Density / Sq Mi
$45,305
Median Household Income
$28,790
Median Earnings
$936
Median Rent
$155,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Bank - Retail/Bank building for sale on Walmart outparcel with lease.
Where is this bank located?
The property is located at 3225 Old Forest Rd Lynchburg, VA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Walmart Supercenter Outparcel: Benefit from high‑traffic location.; Existing Lease in Place: Provides immediate income stream until March 2026.; High Visibility: Prominent location ensures maximum exposure.
