Mixed-Use Commercial
4001 Murray, Lynchburg, VA 24501
For Sale
$1,200,000
Commercial/Indust, Lynchburg, VA
Property Size6,215 SF
Lot Size3.56 Acres
Price / SF$193.08
Days on Market323
Property Features for 4001 Murray
General Information
Property type
Property subtype
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Building Details
Year built
Listing Agency:
Century 21 ALL-SERVICE · Century 21 Real Estate
(434) 237-7777
Listed By:
Glenn D Whorley · License VA #0225104774
(434) 239-2121
Added: Dec 27, 2025
Changed: Oct 17
Last Checked: Nov 14 at 12:06AM
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.
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Investment Insights
Based on property information with market context.
This mixed-use commercial property includes a 6,215-square-foot building on 3.555 acres. Constructed in 1973, the site is zoned B5 and provides 160+ parking spaces, with lot coverage identified at 82%. The property’s configuration supports consideration of office, professional suite, medical office, administrative headquarters, hotel, retail, service-based, and specialty commercial applications.
Located at 4001 Murray in Lynchburg, the site sits just off the Odd Fellows extension with access to major roads. Easy ingress and egress and the available parking are established site features. The property is offered for sale and may be continued as a commercial operation or evaluated for redevelopment within the stated zoning framework.
Located at 4001 Murray in Lynchburg, the site sits just off the Odd Fellows extension with access to major roads. Easy ingress and egress and the available parking are established site features. The property is offered for sale and may be continued as a commercial operation or evaluated for redevelopment within the stated zoning framework.
Key Highlights
- 6,215‑square‑foot commercial building on 3.555 acres
- B5 zoning with 82% lot coverage
- 160+ parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,971
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,879,420
$1.9M
Cap Rate 7%
$1,342,443
$1.3M
Cap Rate 9%
$1,044,122
$1.0M
Market Conditions
NOI Build-Up for 6,215 SF
Gross rent
$130.5K $21.00/SF
− Vacancy
−$5.2K −$0.84/SF
EGI
$125.3K $20.16/SF
− OpEx
−$31.3K −$5.04/SF
NOI
$94.0K $15.12/SF
Area
Lynchburg County, VA
Vacancy
4.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,879,420
Cap Rate 7%
$1,342,443
Cap Rate 9%
$1,044,122
Alternative Uses
Best Use
Office B
$1.34M
$1.17M – $1.57M
NOI $93,971 @ 7.0% cap · market cap 7.83%
Second Best
Mixed Use
$673.9K
$589.7K – $786.2K
NOI $47,172 @ 7.0% cap · market cap 3.93%
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.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - B5-zoned commercial property with substantial parking and access to major roads near the Odd Fellows extension.
Where is this mixed-use 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; B5 zoning with 82% lot coverage; 160+ parking spaces
