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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Retail space
1008 Commerce St, Lynchburg, VA 24504-1702
Entity Owned
6-yr Hold
Free & Clear
Property ID
US87-1732961
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1941
Construction
FRAME
Total area
10,560 SF
Lot
0.45 ac (19,646 SF)
Zoning code
B-6
APN
045 16 007
UPID
US87-1732961
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.57M
Blend (final)
Blend
$1.14M
Owner & transaction history
Jjil LLC · 6 yrs held
Jjil LLC
since 2020
6 recorded transactions
Zoning & alternative use
B-6 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.9M
+52.1%
Apartment house (5+ units)
$1.4M
+16.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,235,000
Current use
MEDICAL BUILDING
$1,880,000
Change: +52% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,445,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±10%
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
$108 / 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
$7,262
Tax year 2024
Assessed value
$816,000
Assessed 2024
Previous assessed
$816,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$294,700
Assessed improvement
$521,300
Land market value
$294,700
Improvement market value
$521,300
Total market value
$816,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1941
Construction
FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
10,560 SF
Lot
0.45 ac (19,646 SF)
Zoning code
B-6
APN
045 16 007
UPID
US87-1732961
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
B-6 · Lynchburg, VA
Zoning B-6 · permitted uses
B-6 · Lynchburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lynchburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
RETAIL STORES Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1941
Construction
FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Jjil LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 896, LYNCHBURG, VA 24505-0896
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2024
—
Anc LLC
—
Deed
related
$456,291 · Bank Of The James
Dec 30, 2020
—
Jjil LLC
—
Deed
related
$400,000 · Bank Of The James
May 26, 2020
—
Jjil LLC
Commerce Street Partner LLC
Deed
—
Dec 14, 2017
—
Commerce Street Partners LLC
Jjil LLC
Deed
—
Aug 17, 2010
—
Jjil LLC
One Thousand Eight Commerce LLC
Deed
—
May 2, 2006
—
One Thousand Eight Commerce LLC
James C Davis JR
Deed
—
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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