Property profile

1024 Main St Lynchburg, VA 24504

OFF-MARKET
Retail space
Property ID
US87-1394641
11,909 SF 0.06 ac lot Built 1888
Individually Owned 3-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 1888
Construction FRAME
Total area 11,909 SF
Lot 0.06 ac (2,439 SF)
Zoning code B4
APN 024 64 009
UPID US87-1394641

Cap rate & NOI

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

Location

1024 Main St Lynchburg, VA 24504-1712
Lynchburg metro Census 500 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$865k
CAP Approach CAP
by Request
Comparable Approach Comparable
$682k
Blend (final) Blend
$855k

Owner & transaction history

since 2023
Last sale
$820,000
2 recorded transactions
2023
$820,000
2017
$550,000

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

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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