Property profile

1213 Commerce St Lynchburg, VA 24504

OFF-MARKET
Retail space
Property ID
US87-1545902
9,180 SF 0.07 ac lot Built 1924
Entity Owned 4-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Wedding Service Photography Service
  • Real Estate Agency

Location

1213 Commerce St Lynchburg, VA 24504-1801
Lynchburg metro Census 500 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$575k
CAP Approach CAP
by Request
Comparable Approach Comparable
$464k
Blend (final) Blend
$630k

Owner & transaction history

since 2022
Last sale
$600,000
6 recorded transactions
2022
$600,000
2022
Price N/A
2018
Price N/A
2009
Price N/A
2008
Price N/A
2005
Price N/A

Zoning & alternative use

B6 · Lynchburg, VA

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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