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 Market153
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: Oct 15
Last Checked: Oct 16 at 7:46AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$33,092
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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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.
