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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Retail space
1213 Commerce St, Lynchburg, VA 24504-1801
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-1545902
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1924
Construction
FRAME
Total area
9,180 SF
Lot
0.07 ac (3,049 SF)
Zoning code
B6
APN
046 02 006
UPID
US87-1545902
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
-
Sam Stroud Photography Wedding Service Photography Service
-
Consensus Real Estate Services Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$464k
Blend (final)
Blend
$600k
Owner & transaction history
Commerce Street Collaborative LLC · 4 yrs held
Commerce Street Collaborative LLC
since 2022
Last sale
$600,000
6 recorded transactions
Zoning & alternative use
B6 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$630,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Jun 10 2022)
Last sale anchor
$600k
Jun 10 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
$65 / 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
$4,886
Tax year 2024
Assessed value
$549,000
Assessed 2024
Previous assessed
$549,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$61,000
Assessed improvement
$488,000
Land market value
$61,000
Improvement market value
$488,000
Total market value
$549,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1924
Construction
FRAME
Heating
NONE
Buildings
1
Stories
2
Total area
9,180 SF
Lot
0.07 ac (3,049 SF)
Zoning code
B6
APN
046 02 006
UPID
US87-1545902
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
B6 · Lynchburg, VA
Zoning B6 · permitted uses
B6 · Lynchburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lynchburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1924
Construction
FRAME
Heating
NONE
Stories
2
Buildings
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Commerce Street Collaborative LLC
Entity
Mailing address
PO BOX 12, LYNCHBURG, VA 24505-0012
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
Jun 10, 2022
$600,000
Commerce Street Collaborative LLC
Donald G Penselton JR
Bargain And Sale Deed
$400,000 · Bank Of The James
Jun 10, 2022
—
Commerce Street Collaborative LLC
—
Deed
related
$200,000 · Dodd F Harvey
Feb 20, 2018
—
Donald Grey Pendleton JR
Donald G Pendleton JR
Intrafamily Transfer
related
—
Jun 2, 2009
—
Donald G Pendleton JR
Pcpdf LLC
Deed
$90,000 · Bank Of The James
Jan 22, 2008
—
Pcpdf LLC
Invest Lynchburg LLC
Deed
—
Feb 25, 2005
—
1217 Commerce Street LLC
Borel Construction Company INC
Deed
$175,000 · Branch Banking & Tr Co Of Virginia
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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