Freestanding Renovated Office
For Sale
$399,900
7609 Timberlake Road, Lynchburg, VA 24502
Single-story commercial property with updated building systems and interior finishes along Timberlake Road.
Property Size1,120 SF
Price / SF$357.05
Days on Market88
Property Features for 7609 Timberlake Road
General Information
Standard status
Active
Size
1,120 SF
Building Details
Buildings
1
Stories
1
Listing Agency:
Keller Williams
(434) 534-9113
Listed By:
Stephen J Acree · License #0225225687
(434) 607-2976
Source:
Exprealty
Added: Jul 21
Changed: Oct 3
Last Checked: Oct 15 at 3:11AM
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 Keller Williams
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Investment Insights
Based on property information with market context.
This freestanding, single-story office building is positioned along Timberlake Road in Lynchburg. The property offers flexible commercial space suited to professional office, service, or administrative use, with a configuration that supports owner-user or investment considerations.
Recent improvements include a new roof, windows, kitchen, and bathroom, along with refinished floors and fresh interior and exterior paint. The property is surrounded by established retail and service businesses, placing it within an active commercial corridor with daily traffic exposure.
Recent improvements include a new roof, windows, kitchen, and bathroom, along with refinished floors and fresh interior and exterior paint. The property is surrounded by established retail and service businesses, placing it within an active commercial corridor with daily traffic exposure.
Key Highlights
- Freestanding single‑story office building
- Located at 7609 Timberlake Road in Lynchburg, VA
- New roof and windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,934
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,680
$338.7K
Cap Rate 7%
$241,914
$241.9K
Cap Rate 9%
$188,156
$188.2K
Market Conditions
NOI Build-Up for 1,120 SF
Gross rent
$23.5K $21.00/SF
− Vacancy
−$941 −$0.84/SF
EGI
$22.6K $20.16/SF
− OpEx
−$5.6K −$5.04/SF
NOI
$16.9K $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%
$338,680
Cap Rate 7%
$241,914
Cap Rate 9%
$188,156
Alternative Uses
Best Use
Office B
$241.9K
$211.7K – $282.2K
NOI $16,934 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$331.8K
$290.3K – $387.1K
NOI $23,224 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
393
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Single-story commercial property with updated building systems and interior finishes along Timberlake Road.
Where is this office building located?
The property is located at 7609 Timberlake Road Lynchburg, VA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Freestanding single‑story office building; Located at 7609 Timberlake Road in Lynchburg, VA; New roof and windows
