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    Property profile & analytics

    105 Richeson Dr Lynchburg, VA 24501-2929

    • Medical offices
    • 7,482 SF
    • 1.45 lot acres
    OFF-MARKET
    Value Estimation
    $600,000
    Last Sale
    Dec 17, 2021
    $650,000
    Location Intelligence
    Property ID
    US87-1549124
    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.

    Current Use by Public Records

    • Richeson Drive Pediatrics Inc: Smith Sharon / Nursing Agency
    • Dr. Michael R. Padilla, MD / Pediatrician
    • Bradley Malcolm, MD / Pediatrician
    • Richard Morris, MD / Pediatrician
    • James Burton, DMD / Dentist

    Property Details for 105 Richeson Dr

    Year built
    1979
    Lot size
    1.45 lot acres
    Property size
    7,482 SF
    Zone code
    B1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    226 10 038
    APU
    22610038

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $570,000

    • CAP approach

      CAP return
      Estimation
      6%
      $705,000
      6.5%
      $645,000
      7%
      $720,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $595,000
      Geo Method
      $640,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $850,000
      Retail
      $645,000
      Mixed-Use
      $885,000
      Hospitality
      $825,000
      Educational
      $815,000
      Residential Income
      $785,000
      Energy
      $815,000
      Income-Based Land
      $880,000
      Food Service
      $715,000

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg City
    State
    Virginia
    Longitude
    -79.2224
    Latitude
    37.404
    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
    $9,425
    $290,400
    $768,600
    $1,059,000
    -
    $290,400
    $768,600
    $1,059,000

    Comparable in this City

    • Value Estimation by Request
      3,075 SF

      2229 Murrell Rd

      MEDICAL BUILDING • 3,075 SF
      2229 Murrell Rd, Lynchburg, VA 24501-2131
      View Details
    • Value Estimation by Request
      7,102 SF

      1715 Thomson Dr

      MEDICAL BUILDING • 7,102 SF
      1715 Thomson Dr, Lynchburg, VA 24501-1101
      View Details
    • Value Estimation by Request
      12,596 SF

      1914 Thomson Dr

      MEDICAL BUILDING • 12,596 SF
      1914 Thomson Dr, Lynchburg, VA 24501-1009
      View Details
    • Value Estimation
      $365,000
      5,463 SF

      2919 Confederate Ave

      MEDICAL BUILDING • 5,463 SF
      2919 Confederate Ave, Lynchburg, VA 24501-2435
      View Details
    • Value Estimation
      $415,000
      7,899 SF

      2255 Langhorne Rd

      MEDICAL BUILDING • 7,899 SF
      2255 Langhorne Rd, Lynchburg, VA 24501-1117
      View Details
    • Value Estimation
      $440,000
      2,016 SF

      2091 Langhorne Rd, Unit 2

      MEDICAL BUILDING • 2,016 SF
      2091 Langhorne Rd, Lynchburg, VA 24501-1428
      View Details

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    Similar Nearby for Lease

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      +/- 700 SF Office Space For Lease
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      Office/Retail Space Near University

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    • $16 SF/Yr
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      Office/Retail Space on Old Forest

      910 Sq. Ft. office/retail unit in highly visible location.
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      Office/Retail Space Near University

      Office/retail space for rent near the University of Lynchburg.
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    • $14 SF/Yr
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      Office Space with Elevator Access

      Office space with large parking lot and recreational areas.
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      View Details
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    Lynchburg, VA 24501-2929
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    Realmo Value Estimation

    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.

    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.

    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
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