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 Market1655
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
(434) 841-3659
Source:
Exprealty
Added: Apr 21, 2022
Changed: Oct 25
Last Checked: Oct 30 at 6:42PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$37,467
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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.
