Property profile

1023 Main St Lynchburg, VA 24504

OFF-MARKET
Retail space
Property ID
US87-1472491
15,750 SF 0.08 ac lot Built 1887
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1887
Construction FRAME
Total area 15,750 SF
Lot 0.08 ac (3,659 SF)
Zoning code B4
APN 024 63 021
UPID US87-1472491

Cap rate & NOI

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

Location

1023 Main St Lynchburg, VA 24504
Lynchburg metro Census 500 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.28M
CAP Approach CAP
by Request
Comparable Approach Comparable
$805k
Blend (final) Blend
$1.23M

Owner & transaction history

since 2021
Last sale
$1.4M
1 recorded transaction
2021
$1.4M

Zoning & alternative use

B4 · Lynchburg, VA
Zoning description

The B-4 district is intended to provide for a wide range of residential, commercial and other sales and service operations, serving the entire metropolitan area in downtown Lynchburg and other mixed use centers throughou…

General category MIXED_USE
Top alternative use upside
Apartment house (5+ units) $2.2M +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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