Property profile

109 Morgan St Lynchburg, VA 24501

OFF-MARKET
Parking lots & garages
Property ID
US87-1495738
0.22 ac lot Built 1959
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1959
Lot 0.22 ac (9,714 SF)
Zoning code B1
APN 001 12 009
UPID US87-1495738

Cap rate & NOI

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

Location

109 Morgan St Lynchburg, VA 24501
Lynchburg metro Census 700 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.48M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.55M

Owner & transaction history

since 2022
Last sale
$1.5M
2 recorded transactions
2022
$1.5M
2016
$463,000

Zoning & alternative use

B1 · Lynchburg, VA
Zoning description

The B-1 district is intended to provide for office, retail, restaurant and service uses that are compatible with nearby residential areas because they are in scale with adjacent neighborhood development and have pedestri…

General category COMMERCIAL

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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