Retail-Office Building with
4001 Murray Pl Lynchburg, VA 24501
4001 Murray Pl, Lynchburg, VA, 24501
Contact for pricing
For Sale
Contact for pricing
Zoned B5, this 6,000+ sq ft building features ample on-site parking and flexible commercial use options.
Property Size6,215 SF
Price / SF$201.13
Days on Market75
Property Features for 4001 Murray Pl
General Information
- Standard status
- Active
- Size
- 6,215 SF
- Property subtype
- Retail
Listing agency
CENTURY 21 ALL-SERVICE
Listed by
Glenn Whorley · License #VA
Source
Crexi
Added: May 8 Updated: Jul 21 at 1:54PM Checked: Jul 21 at 1:54PM
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 CENTURY 21 ALL-SERVICE
Investment Insights
Based on property information with market context.
This for-sale commercial property includes a 6,000+ square foot building and over 160 parking spaces. The asset is zoned B5 (82%), supporting multiple business use possibilities. The building is well-suited for office and other commercial operations as described in the listing.
The property is located right off the Oddfellows extension, providing access to major roads and convenient entry for customers, employees, and service needs.
Presented for sale for the first time commercially, the property combines a substantial building footprint with extensive parking to support a range of operating formats consistent with the stated zoning and flexibility.
The property is located right off the Oddfellows extension, providing access to major roads and convenient entry for customers, employees, and service needs.
Presented for sale for the first time commercially, the property combines a substantial building footprint with extensive parking to support a range of operating formats consistent with the stated zoning and flexibility.
Key Highlights
- 6,000+ sq ft commercial building for sale with zoning B5 (82%).
- Over 160 on‑site parking spaces.
- Convenient access off the Oddfellows extension with access to major roads.
Local Financial Insights For Office B
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 | $130.5k | $21.00 |
| − Vacancy | −$5.2k | −$0.84 |
| EGI | $125.3k | $20.16 |
| − OpEx | −$31.3k | −$5.04 |
| NOI | $94.0k | $15.12 |
6,215 SF · lease $21.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.34M
$1.17M – $1.57M
NOI $93,971 @ 7.0% cap · market cap 7.52%
Second Best
Retail
$1.08M
$942.7K – $1.26M
NOI $75,412 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,874 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Big Lick Tropical ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Zoned B5, this 6,000+ sq ft building features ample on-site parking and flexible commercial use options.
Where is this retail space located?
The property is located at 4001 Murray Pl Lynchburg, VA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 6,000+ sq ft commercial building for sale with zoning B5 (82%).; Over 160 on‑site parking spaces.; Convenient access off the Oddfellows extension with access to major roads.
