1110 Campbell Ave, Lynchburg, VA 24501
2,230 SF renovated retail/office building with drive-through in Lynchburg.
- Added:
- Oct 7, 2024
- Days on Market:
- 617
- Last Refresh:
- May 12 at 8:02 pm
Property Features for 1110 Campbell Ave
General Information
- Standard status
- Active
- Size
- 2,230 SF
- Lot size
- 0.50 Acres
- Property subtype
- Office, Retail
Listing agent Norman Moon License #VA 4001000797
Listing office Cushman & Wakefield Thalhimer - Lynchburg, Virginia (540) 767-3012
Listing date Oct 7, 2024
Source Crexi
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HighLights
- Fully renovated in 2021
- Prime location in the coveted Miller Park area of Lynchburg
- Versatile space suitable for retail or small office use
- Includes a convenient drive‑through
- Building size: 2,230 SF on 0.50 acres
- Reduced price of $399,000
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.8k | $21.00 |
| − Vacancy | −$1.9k | −$0.84 |
| EGI | $45.0k | $20.16 |
| − OpEx | −$11.2k | −$5.04 |
| NOI | $33.7k | $15.12 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lynchburg
- County
- Lynchburg
- State
- Virginia
- Longitude
- -79.1579144
- Latitude
- 37.4031585
