B5-Zoned Storefront
For Sale
$1,200,000
4001 Murray, Lynchburg, VA 24501
COMMERCIAL - Lynchburg, VA
Property Size6,215 SF
Lot Size3.56 Acres
Price / SF$193.08
Days on Market228
Property Features for 4001 Murray
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Odd Fellows Corridor
Directions
29 N to Oddfellows road to right on Murray Pl to property on Right
Standard status
Active
APN
05201010
Size
6,215 SF
Lot size
3.56 Acres
Taxes and HOA fees
Tax Description
H H & B G PRESTON - B
Legal Description
H H & B G PRESTON - B
Building Details
Year built
1973
Listing Agency:
Century 21 ALL-SERVICE · Century 21 Real Estate
(434) 237-7777
Listed By:
Glenn D Whorley · License #0225104774
(434) 239-2121
Added: Dec 27, 2025
Changed: Aug 4
Last Checked: Aug 12 at 2:06PM
MLS# 363684
Copyright © 2026 Lynchburg Virginia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This storefront property includes a 6,215-square-foot commercial building on 3.555 acres. Constructed in 1973, the site provides 160+ parking spaces and is identified as a B5-zoned lot with 82% coverage. The existing improvements and land area support a range of commercial configurations.
Located at 4001 Murray in Lynchburg, the property sits just off the Odd Fellows Extension with access to major roads. The stated use possibilities include professional office suites, medical offices, administrative headquarters, hotel development, retail, service-based operations, and specialty commercial ventures. Its combination of an existing building, substantial parking, and commercial zoning provides flexibility for continued operation or redevelopment.
Located at 4001 Murray in Lynchburg, the property sits just off the Odd Fellows Extension with access to major roads. The stated use possibilities include professional office suites, medical offices, administrative headquarters, hotel development, retail, service-based operations, and specialty commercial ventures. Its combination of an existing building, substantial parking, and commercial zoning provides flexibility for continued operation or redevelopment.
Key Highlights
- 6,215‑square‑foot commercial building on 3.555 acres
- 160+ parking spaces on site
- B5 zoning with 82% lot coverage
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
$75,412
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
6.28%
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%
$1,508,240
$1.5M
Cap Rate 7%
$1,077,314
$1.1M
Cap Rate 9%
$837,911
$837.9K
Market Conditions
NOI Build-Up for 6,215 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
$111.9K $18.00/SF
− Vacancy
−$4.1K −$0.67/SF
EGI
$107.7K $17.33/SF
− OpEx
−$32.3K −$5.20/SF
NOI
$75.4K $12.13/SF
Area
Lynchburg County, VA
Vacancy
3.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,508,240
Cap Rate 7%
$1,077,314
Cap Rate 9%
$837,911
Alternative Uses
Best Use
Retail
$1.08M
$942.7K – $1.26M
NOI $75,412 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,874 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 24501, VA
27,160
Population
12,157
Households
2.2
Avg Household Size
33
Median Age
25%
College-Educated
87%
High-School Grad
36.3 sq mi
ZIP Area
748
Density / Sq Mi
$45,305
Median Household Income
$28,790
Median Earnings
$936
Median Rent
$155,800
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?
Storefront property - B5 zoning is paired with parking and access for office, medical, retail, service-based, and specialty commercial concepts.
Where is this storefront property located?
The property is located at 4001 Murray Lynchburg, VA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 6,215‑square‑foot commercial building on 3.555 acres; 160+ parking spaces on site; B5 zoning with 82% lot coverage
