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Property profile & analytics

1218 Park Ave Lynchburg, VA 24501-1822

  • Warehouses
  • 56,160 SF
  • 0.86 lot acres
OFF-MARKET
Value Estimations
$1,080,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US87-1392685
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

  • Happily Ever After Event Rentals / Party Equipment Rental Service

Property Details for 1218 Park Ave

Year built
1915
Lot size
0.86 lot acres
Property size
56,160 SF
Zone code
B5
Property type
Warehouses
APN
010 27 002
APU
1027002

Description

This exceptional warehouse space at 1218 Park Avenue offers a fantastic opportunity for businesses seeking flexible industrial space. The property is zoned B-5, allowing for a diverse range of uses. Currently, there is one available unit, with sizes ranging from a minimum of 2,000 square feet to a maximum contiguous space of 4,900 square feet. The warehouse boasts a ceiling height of 17 feet 10 inches, providing ample vertical space for storage or operations. The unit is equipped with 200-amp power, sufficient for many industrial applications. The space is ready for immediate occupancy, having recently undergone a thorough cleaning and fresh coat of paint. This is an ideal location for businesses needing adaptable warehouse space in a well-zoned area. The multiple tenancy structure allows for potential expansion or collaboration opportunities within the building. The property's convenient location and versatile zoning make it a highly attractive option for a variety of industrial and commercial uses. Interested parties are encouraged to inquire about availability and lease terms. This is a rare opportunity to secure high-quality warehouse space in a desirable location. Don't miss out on this chance to establish your business in this well-maintained and conveniently located industrial property.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $930,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,232,000
    Market price range: $1.23M - $4.77M
    AI Estimate
    $1,318,000
    Market price range: $1.32M - $3.69M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Lynchburg
County
Lynchburg City
State
Virginia
Longitude
-79.1531
Latitude
37.4109
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
$3,560
$187,700
$212,300
$400,000
-
$187,700
$212,300
$400,000
More about this property
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