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Property profile & analytics
FOR SALE
Commercial real estate
1019 Jefferson St Lynchburg, VA 24504
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-2626334
For Sale
1 / 2
$1,250,000
1019 Jefferson St, Lynchburg, VA 24504
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1911
Total area
3,880 SF
Lot
0.17 ac (7,449 SF)
APN
045 16 010
UPID
US87-2626334
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
-
Pound Fitness with Skyla Jade Gym & Fitness Center
-
The Glass House Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$455k
Comparable Approach
Comparable
$590k
Blend (final)
Blend
$515k
Owner & transaction history
1019 Jefferson Street LLC · 7 yrs held
1019 Jefferson Street LLC
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$790,000
+132.9%
Medical building
$690,000
+104.2%
Retail stores
$455,000
+34.2%
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%
$490,000
6.5%
$455,000
7%
$420,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$340,000
Current use
AUTO REPAIR, GARAGE
$790,000
Change: +133% · Conversion: Difficult
MEDICAL BUILDING
$690,000
Change: +104% · Conversion: Easy
RETAIL STORES
$455,000
Change: +34% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$133 / 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
$3,400
Tax year 2024
Assessed value
$382,000
Assessed 2024
Previous assessed
$382,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$149,000
Assessed improvement
$233,000
Land market value
$149,000
Improvement market value
$233,000
Total market value
$382,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1911
Heating
NONE
Buildings
1
Total area
3,880 SF
Lot
0.17 ac (7,449 SF)
APN
045 16 010
UPID
US87-2626334
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$340,000
AUTO REPAIR, GARAGE
Est. value
$790,000
MEDICAL BUILDING
Est. value
$690,000
RETAIL STORES
Est. value
$455,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1911
Heating
NONE
Buildings
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
1019 Jefferson Street LLC
Entity
Mailing address
4225 MURRAY PL, LYNCHBURG, VA 24501-5007
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2019
$126,200
1019 Jefferson Street LLC
Cornerstone Real Estate Properties
Deed
$437,750 · Select Bank
Jan 7, 2019
—
Cornerstone Real Estate Properties
—
Deed
related
$50,000 · Royston Jester
May 7, 2018
—
Henry C Devening
Cornerstone Real Estate Properties
Correction Deed
related
—
Sep 16, 2016
—
Gregory S Mccauley
—
Deed
related
$100,000 · Cama Sdira LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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