Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1415 Kemper St Lynchburg, VA 24501-1958
    Property profile & analytics

    1415 Kemper St Lynchburg, VA 24501-1958

    View on Map
    • Apartment buildings
    • 135,481 SF
    • 4.75 lot acres
    Off-Market
    Last Sale Sep 7, 2022
    $2,800,000
    Property ID
    US87-3303679
    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.
    Value Estimations
    $2,885,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gr8 Pl8 Cafe / Restaurant
    • PayStubs USA Payroll Service / Accounting Firm
    • G.E. Payroll Services / Employment Agency / Business Service Center
    • LibertyX Bitcoin ATM / Atm
    • Kemper Street Flea Market / Food Market / Farmer's Market

    Property Details for 1415 Kemper St

    Year built
    1920
    Lot size
    4.75 lot acres
    Property size
    135,481 SF
    Zone code
    B-3
    Property type
    Apartment buildings
    APN
    027 01 010
    APU
    2701010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,945,000
      ML approach
      $2,995,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg City
    State
    Virginia
    Longitude
    -79.1534
    Latitude
    37.4017
    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
    $48,893
    $636,200
    $4,857,400
    $5,493,600
    -
    $636,200
    $4,857,400
    $5,493,600

    Comparable in this City

    • Value Estimation
      $6,625,000
      97,662 SF

      1301 Park Ave

      APARTMENT HOUSE (5+ UNITS) • 97,662 SF
      1301 Park Ave, Lynchburg, VA 24501-1868
      View Details
    • Value Estimation
      $1,715,000
      17,697 SF

      3320 Old Frst Rd

      APARTMENT HOUSE (5+ UNITS) • 17,697 SF
      3320 Old Frst Rd, Lynchburg, VA 24501
      View Details
    • Value Estimation
      $1,820,000
      20,000 SF

      1701 12th St

      APARTMENT HOUSE (5+ UNITS) • 20,000 SF
      1701 12th St, Lynchburg, VA 24501-1953
      View Details
    • Value Estimation
      $3,835,000
      15,074 SF

      3710 Ft Ave

      APARTMENT HOUSE (5+ UNITS) • 15,074 SF
      3710 Ft Ave, Lynchburg, VA 24501-3850
      View Details
    • Value Estimation
      $13,285,000
      136,122 SF

      800 Greenfield Dr

      APARTMENT HOUSE (5+ UNITS) • 136,122 SF
      800 Greenfield Dr, Lynchburg, VA 24501-6357
      View Details
    • Value Estimation by Request
      76,446 SF

      815 Greenfield Dr

      APARTMENT HOUSE (5+ UNITS) • 76,446 SF
      815 Greenfield Dr, Lynchburg, VA 24501-6359
      View Details

    Similar Nearby for Sale

    • $199,900
      1,588 SF

      Well-Maintained Duplex with Two Units

      Duplex with two units, each featuring two bedrooms.
      1771 Seabury Ave, Lynchburg, VA 24501
      View Details
    • $199,900
      1,743 SF

      Lynchburg Triplex Investment Opportunity

      Three units near University of Lynchburg with potential for expansion.
      500 Stafford St, Lynchburg, VA 24501
      View Details
    • $199,420
      Pending

      Renovated Duplex Near Universities

      Fully renovated duplex near University of Lynchburg and Liberty University.
      510 Sussex St, Lynchburg, VA 24501
      View Details
    • $900,000
      4.14 Acres

      Multifamily Opportunity in Lynchburg, VA

      Multifamily property with development potential for investors and builders.
      309 Wyndale Dr, Lynchburg, VA 24501
      View Details
    • $60,000
      1.17 Acres

      Lynchburg Commercial Land For Sale

      Commercial land suitable for storage building development in Lynchburg, VA.
      3022 Bonsack St, Lynchburg, VA 24501
      View Details
    • Contact for pricing
      Pending

      Medical Office Condominium For Sale

      3,000 SF medical office condo in Lynchburg's Lakeside Office Park.
      2137 Lakeside Dr, Lynchburg, VA 24501
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      700 SF

      +/- 700 SF Office Space For Lease

      +/- 700 SF Office Space For Lease
      3622 Old Forest Road, Lynchburg, VA 24501
      View Details
    • Contact for pricing
      4,300 SF

      Office/Retail Space Near University

      Office/retail space for rent near the University of Lynchburg.
      254 Oakley Ave, Lynchburg, VA 24501
      View Details
    • $16 SF/Yr
      700 SF

      700 SF Professional Office For Lease

      700 SF Professional Office For Lease
      3311 Old Forest Road, Lynchburg, VA 24501
      View Details
    • Contact for pricing

      Lynchburg Commercial Property For Rent

      Commercial property for rent in Lynchburg, Virginia.
      4201 Murray Pl, Lynchburg, VA 24501
      View Details
    • Contact for pricing

      Retail/Office Space Available

      Single tenant retail or office space for rent.
      2608 Lakeside Dr, Lynchburg, VA 24501
      View Details
    • $14 SF/Yr
      46,000 SF

      Office Space with Elevator Access

      Office space with large parking lot and recreational areas.
      3315 Old Forest Rd, Lynchburg, VA 24501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1415 Kemper St
    Lynchburg, VA 24501-1958
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1415 Kemper St, Lynchburg, VA, 24501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!