Mixed-Use Property with
For Sale
$1,290,000
663 Old Plantation Drive, Lynchburg, VA 24502
Commercial/Indust, Lynchburg, VA
Property Size5,695 SF
Lot Size12.92 Acres
Price / SF$226.51
Days on Market78
Property Features for 663 Old Plantation Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From Lynchburg, 460 West to right on Old Plantation Dr.
Subdivision
Campbell
Standard status
Active
APN
20-A-61A
Size
5,695 SF
Lot size
12.92 Acres
Taxes and HOA fees
Tax Description
NR New London
Legal Description
NR New London
Amenities
pond
shop
enclosed shed
Building Details
Year built
1989
Listing Agency:
John Stewart Walker, Inc
(434) 385-6655
Listed By:
Stephen G Mock
(434) 222-8145
Added: Jul 30
Changed: Oct 8
Last Checked: Oct 15 at 4:06AM
MLS# 368298
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 12.92-acre Campbell County property combines a 3,400-square-foot shop/warehouse with a 2,295-square-foot residence. The shop has three large overhead doors and an enclosed rear shed for additional storage or equipment. The home includes three bedrooms and 1.5 baths on the main level, plus a full bath and roughly 500 finished square feet in the basement; more than 900 square feet of basement area remains unfinished. A heat pump and electrical panel in the home are five years old. The tract is zoned Business-General Commercial and includes a pond.
Frontage extends along Old Plantation Drive and Route 460, with access to Route 460 and Timberlake Road from Old Plantation Drive. The property is reported to have daily traffic exceeding 20,000 vehicles. The residence may be used as office space or occupied alongside a business operating from the neighboring shop; both spaces may also be rented.
Frontage extends along Old Plantation Drive and Route 460, with access to Route 460 and Timberlake Road from Old Plantation Drive. The property is reported to have daily traffic exceeding 20,000 vehicles. The residence may be used as office space or occupied alongside a business operating from the neighboring shop; both spaces may also be rented.
Key Highlights
- 12.92‑acre tract zoned Business‑General Commercial
- 3,400‑square‑foot shop/warehouse with three large overhead doors
- 2,295‑square‑foot home with 3 bedrooms and 1.5 baths on the main level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,225
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,500
$864.5K
Cap Rate 7%
$617,500
$617.5K
Cap Rate 9%
$480,278
$480.3K
Market Conditions
NOI Build-Up for 5,695 SF
Gross rent
$75.2K $13.20/SF
− Vacancy
−$6.0K −$1.06/SF
EGI
$69.2K $12.14/SF
− OpEx
−$25.9K −$4.55/SF
NOI
$43.2K $7.59/SF
Area
Lynchburg County, VA
Vacancy
8.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,500
Cap Rate 7%
$617,500
Cap Rate 9%
$480,278
Alternative Uses
Best Use
Mixed Use
$617.5K
$540.3K – $720.4K
NOI $43,225 @ 7.0% cap · market cap 3.35%
Second Best
Warehouse
$498.9K
$436.6K – $582.1K
NOI $34,926 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,092 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Drive-in doors
20,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
Explore this area
Business Placement
Demographics for 24502, VA
41,058
Population
18,576
Households
2.2
Avg Household Size
36
Median Age
39%
College-Educated
92%
High-School Grad
29.9 sq mi
ZIP Area
1,373
Density / Sq Mi
$66,027
Median Household Income
$35,923
Median Earnings
$1,166
Median Rent
$214,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Business-General Commercial zoning and two road frontages support a range of business and residential configurations.
Where is this mixed-use property located?
The property is located at 663 Old Plantation Drive Lynchburg, VA.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: 12.92‑acre tract zoned Business‑General Commercial; 3,400‑square‑foot shop/warehouse with three large overhead doors; 2,295‑square‑foot home with 3 bedrooms and 1.5 baths on the main level
