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 Market78
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 Agency:
Lynchburg's Finest Real Estate
Listed By:
YVONNE JANSEN · License #VA 0225194075
Source:
Crexi
Added: May 20
Changed: Jul 10
Last Checked: Aug 3 at 1:59PM
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 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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
44k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Dining 20%
Dollar Tree
Shops & Services
31,304 visits/mo
0.2 miles
Arby's
Dining
8,408 visits/mo
0.3 miles
The UPS Store
Shops & Services
2,476 visits/mo
0.4 miles
United Bank
Shops & Services
1,647 visits/mo
0.3 miles
Pizza Hut
Dining
426 visits/mo
0.2 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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.
