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    Redeveloped Office Building on Fort Title is generated by Realmo AI

    5200 Fort Ave, Lynchburg, VA 24502

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    Three-story office building with modern interior and high visibility.

    Type:Office
    Property size:
    7,675 SF
    Price / SF:
    $143/SF
    Added:
    Jul 5, 2025
    Days on Market:
    335
    Last Refresh:
    Mar 16 at 1:19 pm

    Property Features for 5200 Fort Ave

    General Information

    Standard status
    Active
    Size
    7,675 SF
    Property subtype
    Office

    Building Details

    Year Built
    1949

    We can help!

    Listing Contact
    Michael Waldvogel, CCIM, SIOR
    Michael Waldvogel, CCIM, SIOR

    Listing agent Michael Waldvogel, CCIM, SIOR License #VA 0225079460

    Listing office Waldvogel Commercial Properties

    Listing date Jul 5, 2025

    Source Crexi

    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 Waldvogel Commercial Properties

    HighLights

    • High‑traffic location on Fort Avenue with excellent visibility (19,600+ vehicles daily).
    • Professionally redeveloped three‑story office building with modern interior and high‑quality finishes.
    • 7,675 square feet of space suitable for legal, financial, medical, or other professional use.
    • Features include an open atrium with skylight, glass‑walled conference room with imported marble table, and abundant natural light.
    • Located in a growing area with a strong population and high average household income.
    • Ample surface parking, ADA accessibility, and basement storage.

    Overview

    The property at 5200 Fort Avenue is a three-story professional office building offering 7,675 square feet of space. The building was renovated in 2013 and blends red-brick architecture with a modern interior. The interior features wood and marble flooring, an open atrium underneath a skylight, and a glass-walled conference room with a custom imported marble table. The property includes large private offices and an open collaboration space on the third floor, which has the potential to be converted into an on-site apartment. The building is ADA-compliant and includes modern restrooms and basement storage. The property sits on a professionally landscaped corner with tenant signage and surface parking for over 20 vehicles. It has high visibility on Fort Avenue, with a traffic count of over 19,600 vehicles daily. The property is located minutes from Liberty University and commercial tenants along Wards Road. Surrounding amenities include Kroger, Walgreens, Bank of the James, and numerous restaurants, retail, and service providers. The property is located in an area with a growing population of more than 151,650 residents within 10 miles, with an average household income exceeding $83,200 annually. The property is suitable for legal, financial, medical, and other professional users.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg
    State
    Virginia
    Longitude
    -79.1843587
    Latitude
    37.3776194

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    FAQs

    What type of property is this?
    Office building - Three-story office building with modern interior and high visibility.
    Where is this office building located?
    The property is located at 5200 Fort Ave Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: High‑traffic location on Fort Avenue with excellent visibility (19,600+ vehicles daily).; Professionally redeveloped three‑story office building with modern interior and high‑quality finishes.; 7,675 square feet of space suitable for legal, financial, medical, or other professional use.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Waldvogel, CCIM, SIOR
    Michael Waldvogel, CCIM, SIOR
    Real Estate License ID: VA 0225079460
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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