Property profile

1329 Jefferson St Lynchburg, VA 24504

OFF-MARKET
Apartment buildings
Property ID
US87-1392753
57,120 SF 0.46 ac lot Built 1880
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1880
Construction FRAME
Total area 57,120 SF
Lot 0.46 ac (20,125 SF)
Zoning code B6
APN 046 08 004
UPID US87-1392753

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 Complex Apartment Building

Location

1329 Jefferson St Lynchburg, VA 24504-1848
Lynchburg metro Census 500 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.77M
CAP Approach CAP
$6.98M
Comparable Approach Comparable
$9.62M
Blend (final) Blend
$8.10M

Owner & transaction history

since 2022
Last sale
$7.7M
1 recorded transaction
2022
$7.7M

Zoning & alternative use

B6 · Lynchburg, VA
Top alternative use upside
Restaurant $12.1M +55.0%
Auto repair, garage $11.6M +48.7%
Medical building $10.2M +30.4%

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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