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    2815 Linkhorne Dr Lynchburg, VA 24503

    • Commercial real estate
    • 4,225 SF
    • 0.63 lot acres
    For Sale
    View listing
    $825,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1731305
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Advance Foot Center | Dr. Michael L. Overfelt, DPM / Podiatrist
    • Charlotte Timber Co Inc / Lumber Store / Hardware Store
    • Grace Care Llc / Medical Equipment Supplier
    • Blue Ridge Financial Seminars / Financial Planner

    Property Details for 2815 Linkhorne Dr

    Year built
    1987
    Construction
    FRAME
    Lot size
    0.63 lot acres
    Property size
    4,225 SF
    Zone code
    B1
    Property type
    Commercial real estate
    APN
    166 06 006
    APU
    16606006

    Description

    This exceptional multi-unit office building presents a compelling investment opportunity in Lynchburg, Virginia. Situated on a highly visible 0.63-acre corner lot at 2815 Linkhorne Drive, the property boasts convenient access from both Old Forest Road and Linkhorne Drive, ensuring high visibility and accessibility. The 4,225 square foot building offers the flexibility to operate as three individual office units, generating rental income, or as a single owner-occupied space with tenant occupancy. Recent improvements include a new roof installed in 2012 and a newly replaced cupola in 2023, minimizing immediate maintenance needs. The strategic location across from the Forest Hill Shopping Center and in close proximity to numerous medical and retail businesses provides significant advantages for attracting tenants and maximizing occupancy rates. This property offers a blend of immediate income potential and long-term growth prospects, making it an attractive addition to any investment portfolio. The building's size and layout provide ample space for various business types, while the high-traffic location ensures consistent exposure. This is a rare opportunity to acquire a well-maintained, strategically located commercial property in a thriving Lynchburg market. The asking price is $825,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $535,000
      6.5%
      $495,000
      7%
      $460,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $564,000
      Market price range: $195k - $600k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $545,000
      Current use
      AUTO REPAIR, GARAGE
      $860,000
      Change: +57% Conversion: Difficult
      MEDICAL BUILDING
      $755,000
      Change: +37% Conversion: Easy
      RETAIL STORES
      $495,000
      Change: -10% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg City
    State
    Virginia
    Longitude
    -79.2032
    Latitude
    37.4156
    CBSA code
    31340
    CBSA name
    LYNCHBURG, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,633
    $189,000
    $331,600
    $520,600
    -
    $189,000
    $331,600
    $520,600

    Comparable in this City

    • Value Estimation by Request
      18,666 SF

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      2204 Bedford Ave, Lynchburg, VA 24503-2707
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    • Value Estimation by Request
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      317 Cleveland Ave

      COMMERCIAL (GENERAL) • 3,936 SF
      317 Cleveland Ave, Lynchburg, VA 24503-2731
      View Details
    • Value Estimation by Request
      2,868 SF

      5121 Boonsboro Rd

      COMMERCIAL (GENERAL) • 2,868 SF
      5121 Boonsboro Rd, Lynchburg, VA 24503-2108
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    • Value Estimation by Request
      2,525 SF

      5032 Boonsboro Rd

      COMMERCIAL (GENERAL) • 2,525 SF
      5032 Boonsboro Rd, Lynchburg, VA 24503-1841
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    • Value Estimation by Request
      3,712 SF

      1053 Cottontown Rd

      COMMERCIAL (GENERAL) • 3,712 SF
      1053 Cottontown Rd, Lynchburg, VA 24503-4961
      View Details
    • Value Estimation by Request
      748 SF

      2207 Bedford Ave

      COMMERCIAL (GENERAL) • 748 SF
      2207 Bedford Ave, Lynchburg, VA 24503-2713
      View Details

    Similar Nearby for Sale

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      Lynchburg Office Building Investment

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      2815 Linkhorne Dr, Lynchburg, VA 24503
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    • $395,000
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      Lynchburg Commercial Land - 11.5 Acres

      11.5-acre commercial lot, prime Lynchburg location.
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      Lynchburg Office Building - $825K

      Prime Lynchburg Office, 4,225 SF, High Visibility
      2815 Linkhorne Dr, Lynchburg, VA 24503
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    • $79,900
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      Boonsboro Neighborhood Building Lot

      0.764 acre lot in established neighborhood, build your dream home.
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      Half-acre building lot in established neighborhood, convenient to town services.
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    Similar Nearby for Lease

    • $15 SF/Yr
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      Prime Lynchburg Retail/Office Space

      Retail or office spaces with ample parking and premium upgrades.
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    • Contact for pricing
      6,000 SF

      Retail Space in Lynchburg Center

      Renovated retail space available in central Lynchburg shopping center.
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    • Contact for pricing
      2,200 SF

      Retail Space in Lynchburg Center

      Renovated retail space available in central Lynchburg shopping center.
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    • $22 SF/Yr
      1,400 SF

      Retail Suites in High-Income Area

      Two 1,400 SF retail suites available for lease.
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    Lynchburg, VA 24503
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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
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