Commercial Property Near Timberlake
For Sale
Contact for pricing
3431 Waterlick Road, Lynchburg, VA 24502
Versatile commercial property with high visibility and ample parking.
Property Size4,360 SF
Lot Size1.50 Acres
Price / SF$137.59
Days on Market104
Property Features for 3431 Waterlick Road
General Information
Standard status
Active
Size
4,360 SF
Class
B
Lot size
1.50 Acres
Property subtype
Retail, Office, Mixed Use
Zoning
C02 Commercial
Building Details
Year Built
1988
Buildings
1
Stories
1
Units
27
Listing Agency:
Lynchburg's Finest Real Estate
Listed By:
YVONNE JANSEN · License #VA 0225194075
Source:
Crexi
Added: May 20
Changed: Aug 16
Last Checked: Aug 30 at 8:19PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
$33,092
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
5.52%
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%
$661,840
$661.8K
Cap Rate 7%
$472,743
$472.7K
Cap Rate 9%
$367,689
$367.7K
Market Conditions
NOI Build-Up for 4,360 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
$57.6K $13.20/SF
− Vacancy
−$4.6K −$1.06/SF
EGI
$52.9K $12.14/SF
− OpEx
−$19.9K −$4.55/SF
NOI
$33.1K $7.59/SF
Area
Lynchburg County, VA
Vacancy
8.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
37.50%
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%
$661,840
Cap Rate 7%
$472,743
Cap Rate 9%
$367,689
Alternative Uses
Best Use
Mixed Use
$472.7K
$413.7K – $551.5K
NOI $33,092 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
Explore this area
Business Placement
Demographics for 24502, VA
41,058
Population
18,576
Households
2.2
Avg Household Size
36
Median Age
39%
College-Educated
92%
High-School Grad
29.9 sq mi
ZIP Area
1,373
Density / Sq Mi
$66,027
Median Household Income
$35,923
Median Earnings
$1,166
Median Rent
$214,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
