Commercial Property Near Timberlake
3431 Waterlick Road, Lynchburg, VA 24502
Versatile commercial property with high visibility and ample parking.
Type:Retail, Office, Mixed Use
Property size:
4,360 SFLot size:
1.50 AcresPrice / SF:
$137/SF- Added:
- May 20, 2026
- Days on Market:
- 12
- Last Refresh:
- May 20 at 5:01 am
Property Features for 3431 Waterlick Road
General Information
- Standard status
- Active
- Size
- 4,360 SF
- Lot size
- 1.50 Acres
- Property subtype
- Retail, Office, Mixed Use
Building Details
- Year Built
- 1988
Listing agent YVONNE JANSEN License #VA 0225194075
Listing office Lynchburg's Finest Real Estate
Listing date May 20, 2026
Source Crexi
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 Lynchburg's Finest Real Estate
HighLights
- Prime location off Timberlake Road in Campbell County offering high visibility and accessibility.
- Versatile 4,360 sq ft building suitable for various commercial uses.
- Ample paved parking with approximately 27 spaces.
- Located in an active commercial corridor.
- Nearly 1.5‑acre lot providing potential for expansion or development.
- Benefit of lower county taxes.
Overview
This commercial property is located off Timberlake Road in Campbell County. The property includes a 4,360 finished-square-foot building on nearly 1.5 acres. A paved parking lot provides approximately 27 parking spaces. The property is suitable for professional office, medical, retail, service-based business, or mixed commercial operations. The location is surrounded by established businesses, retail centers, restaurants, and residential communities. This location offers accessibility for clients, customers, and employees. The property offers exposure, access, and parking, with the benefit of lower county taxes.
Local Financial Insights For 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 | $78.5k | $18.00 |
| − Vacancy | −$2.9k | −$0.67 |
| EGI | $75.6k | $17.33 |
| − OpEx | −$22.7k | −$5.20 |
| NOI | $52.9k | $12.13 |
4,360 SF · lease $18.00/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$755.8K
$661.3K – $881.7K
NOI $52,903 @ 7.0% cap · market cap 8.82%
Second Best
Mixed Use
$472.7K
$413.7K – $551.5K
NOI $33,092 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,409 @ 7.0% cap · market cap 15.07%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Bradshaw Randy M ...
Veterinary Clinic
Tall Sandra R ...
Veterinary Clinic
Location Insight
- Map
- Local Demand
- City
- Lynchburg
- County
- Lynchburg
- State
- Virginia
- Longitude
- -79.2504852
- Latitude
- 37.3310192
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Versatile commercial property with high visibility and ample parking.
Where is this mixed-use property located?
The property is located at 3431 Waterlick Road Lynchburg, VA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Prime location off Timberlake Road in Campbell County offering high visibility and accessibility.; Versatile **4,360 sq ft building** suitable for various commercial uses.; Ample paved parking with approximately 27 spaces.
