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Commercial Property Near Timberlake Road

3431 Waterlick Road Lynchburg, VA 24502

3431 Waterlick Road, Lynchburg, VA, 24502
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Versatile commercial property with high visibility and ample parking.

Property Size4,360 SF
Lot Size1.50 Acres
Price / SF$137.59
AddedMay 20
Days on Market58
Last RefreshJul 14 at 11:03 pm

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 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


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.

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 (±1% cap)
NOI $52,903 @ 7.0% cap · market cap 8.82%
Second Best
Mixed Use
$472.7K
$413.7K – $551.5K (±1% cap)
NOI $33,092 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M (±1% cap)
NOI $90,409 @ 7.0% cap · market cap 15.07%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Bradshaw Randy M ... Veterinary Clinic Tall Sandra R ... Veterinary Clinic

Suggested Use

Law Firm Parking Lot & Garage Skin Care Clinic Accounting Firm Real Estate Agency Cafe & Coffee Shop Electrical Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Furniture & Home Goods

Zoning and permitted uses should be independently verified with local authorities.

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.
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