Property profile

1220 Commerce St Lynchburg, VA 24504

OFF-MARKET
Apartment buildings
Property ID
US87-1760657
48,864 SF 0.57 ac lot Built 1900
Entity Owned 13-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1900
Construction FRAME
Total area 48,864 SF
Lot 0.57 ac (24,960 SF)
Zoning code B6
APN 046 03 004
UPID US87-1760657

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
  • Apartment Building

Location

1220 Commerce St Lynchburg, VA 24504-1814
Lynchburg metro Census 500 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.97M
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.49M

Owner & transaction history

since 2013
3 recorded transactions
2013
$530,000
2012
Price N/A
2009
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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