Retail-Office Building with
For Sale
$1,200,000
4001 Murray Pl, Lynchburg, VA 24501
Zoned B5, this 6,000+ sq ft building features ample on-site parking and flexible commercial use options.
Property Size6,215 SF
Price / SF$193.08
Days on Market239
Property Features for 4001 Murray Pl
General Information
Standard status
Active
Size
6,215 SF
Total Parking Spaces
160
Zoning
B5
Additional Details
Business Included
Yes
Road Access
Yes
Listing Agency:
Century 21 ALL-SERVICE
(434) 237-7777
Listed By:
Glenn Whorley · License #0225104774
Source:
Exprealty
Added: Dec 27, 2025
Changed: Aug 23
Last Checked: Aug 21 at 3:08PM
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.
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
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
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?
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 $1,200,000.
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.
