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 Market747
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 #0226023041
Source:
Exprealty
Added: Jul 15, 2024
Changed: Jul 6
Last Checked: Jul 30 at 4:53PM
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 For Specialty Retail
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 | $51.9k | $18.00 |
| − Vacancy | −$1.9k | −$0.67 |
| EGI | $50.0k | $17.33 |
| − OpEx | −$12.5k | −$4.33 |
| NOI | $37.5k | $13.00 |
2,882 SF · lease $18.00/SF/yr · vacancy 3.70% · expense 25.00%
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
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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.
