Property profile

1008 Commerce St Lynchburg, VA 24504

OFF-MARKET
Retail space
Property ID
US87-1732961
10,560 SF 0.45 ac lot Built 1941
Entity Owned 6-yr Hold Free & Clear
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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

Location

1008 Commerce St Lynchburg, VA 24504-1702
Lynchburg metro Census 500 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.57M
Blend (final) Blend
$335k

Owner & transaction history

since 2020
6 recorded transactions
2024
Price N/A
2020
Price N/A
2020
Price N/A
2017
Price N/A
2010
Price N/A
2006
Price N/A

Zoning & alternative use

B-6 · Lynchburg, VA
Top alternative use upside
Medical building $1.9M +52.1%
Apartment house (5+ units) $1.4M +16.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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