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    Property profile & analytics

    113 Nationwide Dr Lynchburg, VA 24502-4272

    • Medical offices
    • 21,554 SF
    • 7.68 lot acres
    OFF-MARKET
    Value Estimation
    $7,145,000
    Last Sale
    Dec 01, 2023
    $6,938,230
    Location Intelligence
    Property ID
    US87-1682514
    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

    • Dr. Robert L. Green Jr, MD / Radiologist
    • Radiology Consultants of Lynchburg / Medical Diagnostic Imaging Center
    • Dr. Kenneth C. Hite, MD / Radiologist
    • Hellewell Timothy B / Radiologist / Consultant
    • Virginia Vein Specialists / Doctor

    Property Details for 113 Nationwide Dr

    Year built
    1999
    Lot size
    7.68 lot acres
    Property size
    21,554 SF
    Zone code
    I1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    238 07 004
    APU
    23807004

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $7,250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $7,195,000
      6.5%
      $6,650,000
      7%
      $6,960,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,640,000
      Geo Method
      $7,620,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,805,000
      Retail
      $7,650,000
      Mixed-Use
      $6,385,000
      Hospitality
      $7,205,000
      Educational
      $6,600,000
      Residential Income
      $5,675,000
      Energy
      $5,730,000
      Income-Based Land
      $6,825,000
      Food Service
      $6,395,000

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg City
    State
    Virginia
    Longitude
    -79.2163
    Latitude
    37.3799
    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
    $43,138
    $1,110,400
    $3,736,600
    $4,847,000
    -
    $1,110,400
    $3,736,600
    $4,847,000

    Comparable in this City

    • Value Estimation
      $580,000
      5,342 SF

      115 Wiggington Rd

      MEDICAL BUILDING • 5,342 SF
      115 Wiggington Rd, Lynchburg, VA 24502-4619
      View Details
    • Value Estimation
      $425,000
      2,280 SF

      100 Archway Ct

      MEDICAL BUILDING • 2,280 SF
      100 Archway Ct, Lynchburg, VA 24502-2889
      View Details
    • Value Estimation
      $230,000
      0.43 Acres

      200 Archway Ct

      MEDICAL BUILDING • 0.43 Acres
      200 Archway Ct, Lynchburg, VA 24502-3100
      View Details
    • Value Estimation
      $7,900,000
      22,330 SF

      114 Nationwide Dr

      MEDICAL BUILDING • 22,330 SF
      114 Nationwide Dr, Lynchburg, VA 24502-4271
      View Details
    • Value Estimation by Request
      19,752 SF

      116 Nationwide Dr

      MEDICAL BUILDING • 19,752 SF
      116 Nationwide Dr, Lynchburg, VA 24502-4271
      View Details
    • Value Estimation by Request
      11,905 SF

      525 Leesville Rd

      MEDICAL BUILDING • 11,905 SF
      525 Leesville Rd, Lynchburg, VA 24502-2328
      View Details

    Similar Nearby for Sale

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      Two buildings, 4750 sq ft, prime location.
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      7,675 SF Three Story Class A Office Building For Sale
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      Multi-Tenant Commercial Building Investment Opportunity

      Commercial building at signalized intersection with high visibility and access.
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      Wyndhurst Development Office Buildings For Sale

      Two adjacent buildings, one built-out office, one unfinished shell.
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    • $1,800,000
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      Mixed-Use Building with Development Potential

      High-quality mixed-use building with supplemental development potential in desirable location.
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    Similar Nearby for Lease

    • $25 SF/Yr
      7,265 SF

      Wards Road Retail Center

      Lynchburg, VA Retail/Office Space Available
      14339 Wards Rd, Lynchburg, VA 24502
      View Details
    • Contact for pricing

      Lynchburg City Office Space For Lease

      700 sq ft Office, Ample Parking
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    • Contact for pricing
      88 SF

      Warehouse and Office Space Available

      Office and storage units with internet, parking, and common areas.
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      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
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    • $12 SF/Yr
      39,000 SF

      Lynchburg Office Space: 8,250 SF

      Prime Lynchburg office, 8,250 sq ft, great location.
      7701 Timberlake Rd, Lynchburg, VA 24502
      View Details
    • Contact for pricing
      90,000 SF

      Rosedale Mixed-Use Development

      Lynchburg, VA: Prime Retail & Office
      1600 Graves Mill Rd, Lynchburg, VA 24502
      View Details
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    Lynchburg, VA 24502-4272
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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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