Property profile

101 Melinda Dr Lynchburg, VA 24502

OFF-MARKET
Apartment buildings
Property ID
US87-1608976
9,414 SF 1.1 ac lot Built 1960
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1960
Construction FRAME
Total area 9,414 SF
Lot 1.1 ac (47,916 SF)
Zoning code R4
APN 261 02 028
UPID US87-1608976

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

101 Melinda Dr Lynchburg, VA 24502-5129
Lynchburg metro Census 1601 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.15M
Comparable Approach Comparable
$706k
Blend (final) Blend
$360k

Owner & transaction history

since 2018
1 recorded transaction
2018
$1.3M

Zoning & alternative use

R4 · Lynchburg, VA
Zoning description

The R-4 district is intended to provide for residential and other compatible uses at high densities in locations with adequate infrastructure and proximity to necessary services and employment

General category RESIDENTIAL

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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