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Property profile & analytics
OFF-MARKET
Estimated value
$2,860,000
Apartment buildings
1417 Kemper St Lynchburg, VA 24501-1939
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-1589014
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1920
Construction
FRAME
Total area
47,776 SF
Lot
1.01 ac (43,908 SF)
Zoning code
B3C
APN
027 01 005
UPID
US87-1589014
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Carts Flavour Depo Department Store
-
Jita Educational Inc. High School Vocational School
-
ION Strength Arts Gym & Fitness Center
-
Shakti Studios Gym & Fitness Center
-
Monopolized Inc. Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.26M
Blend (final)
Blend
$2.86M
Owner & transaction history
Mte LLC · 3 yrs held
Mte LLC
since 2022
Last sale
$2.8M
4 recorded transactions
Zoning & alternative use
B3C · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lynchburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lynchburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,945,000
ML approach
$2,895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.86M
Range $2.57M – $3.15M · ±10% · vs last sale $2.80M (Sep 7 2022)
Last sale anchor
$2.80M
Sep 7 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$60 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$14,807
Tax year 2023
Assessed value
$1,626,000
Assessed 2023
Previous assessed
$1,626,000
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$151,200
Assessed improvement
$1,474,800
Land market value
$151,200
Improvement market value
$1,474,800
Total market value
$1,626,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
NONE
Buildings
1
Stories
4
Total area
47,776 SF
Lot
1.01 ac (43,908 SF)
Zoning code
B3C
APN
027 01 005
UPID
US87-1589014
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
B3C · Lynchburg, VAZoning B3C · permitted uses
B3C · Lynchburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1920
Construction
FRAME
Heating
NONE
Stories
4
Buildings
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Mte LLC
Entity
Mailing address
416 E MAIN ST STE #303, CHARLOTTESVILLE, VA 22902-5396
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2022
$2,800,000
Mte LLC
Hrok LLC
Deed
—
Oct 24, 2018
$2,800,000
M T E LLC
Hrok LLC
Deed
—
Jan 11, 2008
$780,000
Kemper Lofts LLC
Hrok LLC
Deed
$2,000,000 · Carolina Bank
Apr 14, 2006
—
Hrock L L C
Lawson Family LLC I
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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