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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Manufacturing properties
1 Millrace Dr Lynchburg, VA 24502-4343
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-3299115
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1988
Total area
149,368 SF
Lot
21.15 ac (921,163 SF)
Zoning code
I2
APN
240 15 002
UPID
US87-3299115
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Norcraft Co General Contractor Renovation Specialist
-
MasterBrand Cabinets - Lynchburg Operations Facility Production Facility Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$500k
Owner & transaction history
Dume LLC
Dume LLC
since 2025
Last sale
$502,389
5 recorded transactions
Zoning & alternative use
I2 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The I-2 district is intended to provide for industrial uses of a variety of types that produce relatively low levels of smoke, smell, noise, light, dust and other nuisances
Zone name
Light Industrial District
General category
INDUSTRIAL
Zone area
1,326.09 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lynchburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lynchburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$500,000
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $502k (Aug 21 2024)
Last sale anchor
$502k
Aug 21 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$3 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$47,277
Tax year 2024
Assessed value
$5,312,000
Assessed 2024
Previous assessed
$5,312,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$1,253,700
Assessed improvement
$4,058,300
Land market value
$1,253,700
Improvement market value
$4,058,300
Total market value
$5,312,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1988
Heating
NONE
Buildings
2
Stories
1
Total area
149,368 SF
Lot
21.15 ac (921,163 SF)
Zoning code
I2
APN
240 15 002
UPID
US87-3299115
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
I2 · Lynchburg, VAZoning I2 · permitted uses
I2 · Lynchburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The I-2 district is intended to provide for industrial uses of a variety of types that produce relatively low levels of smoke, smell, noise, light, dust and other nuisances
Zone name
Light Industrial District
General category
INDUSTRIAL
Zone area
1,326.09 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Stories
1
Buildings
2
Lot
21.15 ac
Current owner
From public records · entity-resolved
Dume LLC
Entity
Free & Clear · 0 yrs held
Mailing address
101 ANNJO CT, FOREST, VA 24551-2631
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2025
—
Dume LLC
Millraceco LLC
Deed
—
Nov 10, 2025
$7,825,000
8760 Ely LLC
Millraceco LLC
Special Warranty Deed
—
Aug 21, 2024
—
Richard L Read
Paul J Feinman
Deed
—
Aug 21, 2024
$502,389
Cifax LLC
Millraceco LLC
Bargain And Sale Deed
$44,000 · Owner Finance
Apr 25, 2024
$5,400,000
Millraceco LLC
Norcraft Companies LP
Special Warranty Deed
$4,650,000 · Virginia Cu INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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