Property profile & analytics
2600 Memorial Ave Lynchburg, VA 24501
- Commercial real estate
- 24,190 SF
- 0.85 lot acres
For Lease
View listing
$15 SF/Yr
Value Estimation
$605,000
Location Intelligence
Property ID
US87-1805704
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
- Mark T Stewart Law Office / Attorney
- Virginia Job Corporation / Employment Center
- CHANCE TV / Store
- Creative Family Solutions Inc / Mental Health Service
- Dominion Day Services / Mental Health Service
Property Details for 2600 Memorial Ave
- Year built
- 1966
- Lot size
- 0.85 lot acres
- Property size
- 24,190 SF
- Zone code
- B3C
- Property type
- Commercial real estate
- APN
- 011 19 001
- APU
- 1119001
Description
This exceptional sublease opportunity in Lynchburg, Virginia presents two prime office suites (101 & 102) totaling 1,163 square feet of usable space within a well-maintained building at 2600 Memorial Ave, Lynchburg, VA 24501. The space includes 236 square feet of shared common area, encompassing restrooms and a conference room, providing convenient amenities for tenants. The suites boast recently installed luxury vinyl flooring throughout. Currently configured with cubicles, these can be easily removed or retained to suit the tenant's needs, offering flexibility in layout. The sublease term extends until January 31, 2028, providing long-term stability. A significant advantage is the inclusion of utilities in the rental cost
Value Estimation
by Realmo proprietary methodology
Last update: July 3, 2025
-
AI approach
- CAP return
- Estimation
- Estimation
- $655,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $645,000
- 6.5%
- $550,000
- 7%
- $625,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $685,000
- Geo Method
- $515,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $615,000
- Retail
- $590,000
- Mixed-Use
- $635,000
- Hospitality
- $685,000
- Educational
- $620,000
- Residential Income
- $670,000
- Energy
- $620,000
- Income-Based Land
- $625,000
- Food Service
- $555,000
Location Insight
- Map
- Local Demand
- City
- Lynchburg
- County
- Lynchburg City
- State
- Virginia
- Longitude
- -79.1679
- Latitude
- 37.4005
- 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
$10,021
$256,200
$869,800
$1,126,000
-
$256,200
$869,800
$1,126,000
