Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    102 Edgeway Dr Lynchburg, VA 24502
    Back to Search
    Property profile & analytics

    102 Edgeway Dr, Lynchburg, VA 24502

    View on Map
    • Warehouses
    • 1,415 SF
    • 1.36 lot acres
    Off-Market
    Last Sale Feb 2, 2022
    Property ID
    US87-1782612
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Lockbox Self Storage / Storage Facility

    Property Details for 102 Edgeway Dr

    Year built
    2021
    Lot size
    1.36 lot acres
    Zone code
    R1
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    254 13 017
    APU
    25413017

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 30, 2024 $9,500,000 Gmsp Lynchburg LLC Lockbox Storage LLC Warranty Deed $6.5M · Incref Inv Bmo Non Borrower
    Feb 2, 2022 — Thomas P Bell T P B Enterprise LLC Deed $5.4M · Freedom First FCU
    Feb 28, 2018 — T P B Enterprises LLC — Deed · related $3.3M · The First Bank & Trust Co
    Dec 28, 2017 $2,150,000 Tpb Enterprises LLC Ega Lb LLC Deed $900k · The First Bank & Trust Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg City
    State
    Virginia
    Longitude
    -79.2267
    Latitude
    37.3508
    CBSA code
    31340
    CBSA name
    LYNCHBURG, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $84,773
    $681,500
    $8,843,500
    $9,525,000
    -
    $681,500
    $8,843,500
    $9,525,000

    Comparable in this City

    • Value Estimation
      $3,340,000
      46,133 SF

      8117 Timberlake Rd

      MINI-WAREHOUSE, STORAGE
      8117 Timberlake Rd, Lynchburg, VA 24502-2607
      View Details
    • Value Estimation
      $6,290,000
      4.83 Acres

      1000 Creekside Ln

      MINI-WAREHOUSE, STORAGE
      1000 Creekside Ln, Lynchburg, VA 24502
      View Details
    • Value Estimation
      $3,965,000
      55,030 SF

      7401 Timberlake Rd

      MINI-WAREHOUSE, STORAGE
      7401 Timberlake Rd, Lynchburg, VA 24502-2320
      View Details
    • Value Estimation by Request
      3,240 SF

      2533 Wards Rd

      MINI-WAREHOUSE, STORAGE
      2533 Wards Rd, Lynchburg, VA 24502
      View Details
    • Value Estimation
      $1,400,000
      4.89 Acres

      306 Border St

      MINI-WAREHOUSE, STORAGE
      306 Border St, Lynchburg, VA 24502-2208
      View Details
    • Value Estimation
      $3,760,000
      55,450 SF

      7316 Timberlake Rd

      MINI-WAREHOUSE, STORAGE
      7316 Timberlake Rd, Lynchburg, VA 24502-2319
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,250 SF

      Wyndhurst Development Office and Retail

      Two adjacent buildings in Wyndhurst Development suitable for office or retail.
      117 Northwynd Cir, Lynchburg, VA 24502
      View Details
    • Contact for pricing

      Commercial Land Near Airport

      1.296ac parcel zoned Business - Heavy Commercial near Lynchburg Airport.
      49 Fnb Dr, Lynchburg, VA 24502
      View Details
    • Contact for pricing
      4,750 SF

      Wyndhurst Development Office and Retail

      Two adjacent buildings, one built-out office, one unfinished shell.
      117 Northwynd Cir, Lynchburg, VA 24502
      View Details
    • Contact for pricing
      7,587 SF

      Lynchburg Restaurant Investment Opportunity

      Single-tenant LongHorn Steakhouse in Lynchburg, Virginia for sale.
      4042 Wards Rd, Lynchburg, VA 24502
      View Details
    • $599,000
      Pending

      Commercial Building on Timberlake Road

      Commercial building with two rental spaces available for sale.
      20936 Timberlake Rd, Lynchburg, VA 24502
      View Details
    • Contact for pricing
      2,142 SF

      Wyndhurst Residential Investment Property

      Two-level residential property with finished basement in Wyndhurst.
      736 Wyndhurst Dr, Lynchburg, VA 24502
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      88 SF

      Warehouse and Office Space Available

      Office and storage units with internet, parking, and common areas.
      503 Old Plantation Dr, Lynchburg, VA 24502
      View Details
    • Contact for pricing

      Commercial Property on Timberlake Road

      Highly visible commercial property with flexible layout and excellent frontage.
      20621 Timberlake Rd, Lynchburg, VA 24502
      View Details
    • Contact for pricing

      Retail Center Near Liberty University

      Retail spaces available on Wards Road near Liberty University.
      14339 Wards Rd, Lynchburg, VA 24502
      View Details
    • Contact for pricing

      Prime Commercial Land For Lease

      Located in Lynchburg's main retail hub, great visibility.
      2823 Candlers Mountain Rd, Lynchburg, VA 24502
      View Details
    • Contact for pricing

      Retail and Office Spaces Available

      Retail and office spaces for lease in Lynchburg, Virginia.
      7713 Timberlake Rd, Lynchburg, VA 24502
      View Details
    • Contact for pricing
      3,665 SF

      Wards Road Retail Opportunity

      Retail/office/restaurant spaces available in high-traffic Lynchburg location.
      14395 Wards Rd, Lynchburg, VA 24502
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    102 Edgeway Dr
    Lynchburg, VA 24502
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    102 Edgeway Dr, Lynchburg, VA, 24502
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!