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Property profile & analytics
OFF-MARKET
Estimated value
$7,150,000
Medical Office Space
114 Nationwide Dr Lynchburg, VA 24502-4271
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1616110
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1998
Total area
22,330 SF
Lot
9.19 ac (400,142 SF)
Zoning code
I1
APN
238 07 003
UPID
US87-1616110
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Jerrod Justice Physician
-
Yasmeen J. Adams, CRNP Physician
-
Ajith Z Cherian, MD Physician
-
Wade A Neiman, MD Physician
-
Adams Yasmeen M Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.41M
Blend (final)
Blend
$7.15M
Owner & transaction history
Mmpf III Wh Central Va LLC · 3 yrs held
Mmpf III Wh Central Va LLC
since 2022
Last sale
$7.6M
6 recorded transactions
Zoning & alternative use
I1 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The I-1 district is intended to provide for industrial plants developed at moderate to low densities and with high standards of building and site design
Zone name
Restricted Industrial District
General category
INDUSTRIAL
Zone area
180.98 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$5.3M
+34.4%
Restaurant
$4.7M
+18.9%
Auto repair, garage
$4.5M
+14.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lynchburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lynchburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$8,020,000
ML approach
$7,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,345,000
Change: +34% · Conversion: Moderate
RESTAURANT
$4,730,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,535,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$7.15M
Range $6.44M – $7.87M · ±10% · vs last sale $7.63M (Oct 6 2022)
Last sale anchor
$7.63M
Oct 6 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$320 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$69,877
Tax year 2024
Assessed value
$7,851,300
Assessed 2024
Previous assessed
$7,270,000
+8.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$1,459,300
Assessed improvement
$6,392,000
Land market value
$1,459,300
Improvement market value
$6,392,000
Total market value
$7,851,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1998
Heating
NONE
Buildings
2
Stories
1
Total area
22,330 SF
Lot
9.19 ac (400,142 SF)
Zoning code
I1
APN
238 07 003
UPID
US87-1616110
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
I1 · Lynchburg, VAZoning I1 · permitted uses
I1 · Lynchburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The I-1 district is intended to provide for industrial plants developed at moderate to low densities and with high standards of building and site design
Zone name
Restricted Industrial District
General category
INDUSTRIAL
Zone area
180.98 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.3M
RESTAURANT
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Stories
1
Buildings
2
Lot
9.19 ac
Current owner
From public records · entity-resolved
Mmpf III Wh Central Va LLC
Entity
Mailing address
3807 CLEGHORN AVE STE #903, NASHVILLE, TN 37215-2549
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2025
—
Mmpf III Wh-central Va LLC
—
Deed
related
$8,801,000 · South State Bank
Feb 3, 2023
—
Mmpf III Wh Central Va LLC
—
Deed
related
$21,440 · Siemens Financial Services INC
Oct 6, 2022
$7,626,441
Mmpf III Wh Central Va LLC
Whscv Real Estate Co LLC
Special Warranty Deed
—
Oct 6, 2022
$1,773,559
Mmpf III Wh Central Va LLC
Women Health Investment Group LLC
Special Warranty Deed
—
Oct 5, 2022
—
Women Heath Investments Group LLC
Whscv Real Estate Co LLC
Deed
—
Jun 15, 2020
—
Whscv Real Estate Co LLC
—
Deed
related
$1,099,155 · First Citizens Bank & Trust Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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