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    225 Simons Run Lynchburg, VA 24502

    Sponsored
    For Sale
    $1,200,000

    Prime Lynchburg location, 48 acres, restaurant-ready.

    Property size:
    7,535 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    415
    This exceptional 48-acre commercial land parcel, totaling 7,535 square feet, presents a remarkable investment opportunity in Lynchburg, Virginia. Located at 225 Simons Run, 24502, this pad-ready site boasts excellent visibility and frontage on Simons Run, directly across from Wards Crossing West and CarMax. Its prime location within Lynchburg's thriving shopping district, situated on a major commercial corridor, ensures high traffic and visibility. The property benefits from its proximity to Liberty University, the world's largest Christian university with over 100,000 students, and is adjacent to the Tru by Hilton hotel. Furthermore, its close proximity to a proposed 48-acre Centra Health medical facility adds significant long-term value. The site plan is already approved, allowing for immediate commencement of construction. This is an ideal opportunity for a restaurant or similar commercial development seeking a high-traffic, high-visibility location in a rapidly growing area. The asking price is $1,200,000.

    Property Features for 225 Simons Run

    General Information

    Property type
    Land
    Square Feet
    7,535 SF
    Lot Size
    2,090,880 SF

    We can help!

    Listing Contact
    Ellen Long
    Ellen Long

    Learn more

    Property Insight Report

    HighLights

    • Restaurant pad site, ready for immediate construction.
    • Site plan approved, construction can commence immediately.
    • High visibility location on Simons Run, across from Wards Crossings West and CarMax.
    • Prime Lynchburg location on a major commercial thoroughfare.
    • Across from Liberty University (enrollment exceeding 100,000 students).
    • Adjacent to Tru by Hilton hotel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ross Dress for Less Men'S Clothing Store Kohl's Department Store

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Campbell
    State
    Virginia
    Longitude
    -79.1938245
    Latitude
    37.3436073

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    FAQs

    What type of property is this?
    Land - Prime Lynchburg location, 48 acres, restaurant-ready.
    Where is this land located?
    The property is located at 225 Simons Run 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: Restaurant pad site, ready for immediate construction.; Site plan approved, construction can commence immediately.; High visibility location on Simons Run, across from Wards Crossings West and CarMax.
    Request Owner's contact information
    225 Simons Run Lynchburg, VA 24502
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    Lynchburg, VA 24502
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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.

    More about this property
    225 Simons Run Lynchburg, VA 24502
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    We can help!
    Listing Contact
    Ellen Long
    Ellen Long
    Real Estate License ID: VA 0225090856
    Learn more
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