Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1503 Enterprise Dr Lynchburg, VA 24502-5751

    • Retail space
    • 1,428 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    $270,000
    Location Intelligence
    Property ID
    US87-1428524
    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

    • Harman Eye Center of Wyndhurst / Optometrist / Ophthalmologist
    • Tracy Scheibe, OD / Optometrist
    • Dr. Karmen Holdinghausen / Optometrist
    • Michael Curl / Optometrist
    • Jessie Pierce / Optometrist

    Property Details for 1503 Enterprise Dr

    Year built
    2003
    Lot size
    0.07 lot acres
    Property size
    1,428 SF
    Zone code
    R2C
    Property type
    Retail space
    APN
    250 18 023
    APU
    25018023

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $265,000
      6.5%
      $240,000
      7%
      $235,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $260,000
      Geo Method
      $265,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $245,000
      Retail
      $280,000
      Mixed-Use
      $220,000
      Hospitality
      $235,000
      Educational
      $250,000
      Residential Income
      $275,000
      Energy
      $245,000
      Income-Based Land
      $235,000
      Food Service
      $240,000

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg City
    State
    Virginia
    Longitude
    -79.2407
    Latitude
    37.3577
    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
    $4,059
    $132,900
    $323,200
    $456,100
    -
    $132,900
    $323,200
    $456,100

    Comparable in this City

    • Value Estimation
      $710,000
      8,148 SF

      114 Hexham Dr

      RETAIL STORES (PERSONAL SERVICES) • 8,148 SF
      114 Hexham Dr, Lynchburg, VA 24502-4043
      View Details
    • Value Estimation
      $290,000
      2,470 SF

      117 Northwynd Cir

      RETAIL STORES (PERSONAL SERVICES) • 2,470 SF
      117 Northwynd Cir, Lynchburg, VA 24502-2902
      View Details
    • Value Estimation
      $215,000
      3,850 SF

      103 Oakridge Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,850 SF
      103 Oakridge Blvd, Lynchburg, VA 24502
      View Details
    • Value Estimation
      $240,000
      1,800 SF

      5525 Ft Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,800 SF
      5525 Ft Ave, Lynchburg, VA 24502-5317
      View Details
    • Value Estimation
      $330,000
      0.03 Acres

      108 Goldenrod Pl

      RETAIL STORES (PERSONAL SERVICES) • 0.03 Acres
      108 Goldenrod Pl, Lynchburg, VA 24502-3452
      View Details
    • Value Estimation
      $200,000
      1,600 SF

      1008 Greenview Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,600 SF
      1008 Greenview Dr, Lynchburg, VA 24502-2702
      View Details

    Similar Nearby for Sale

    • $1,560,000
      10,037 SF

      Retail Property Near Liberty University

      Retail property near Liberty University with high traffic volume.
      5205 Fort Ave, Lynchburg, VA 24502
      View Details
    • $4,673,000
      7,587 SF

      Lynchburg Restaurant Investment Opportunity

      Single-tenant LongHorn Steakhouse in Lynchburg, Virginia for sale.
      4042 Wards Rd, Lynchburg, VA 24502
      View Details
    • $425,000
      1.08 Acres

      Lynchburg Corner Pad Site - $425K

      High-visibility retail/office land, prime location.
      22111 Timberlake Rd, Lynchburg, VA 24502
      View Details
    • $1,300,000
      1 SF

      Restaurant Building with Double Drive-Thru

      1,369 SF restaurant building featuring a double drive-thru.
      2901 Candlers Mountain Rd, Lynchburg, VA 24502
      View Details
    • $299,000
      4.70 Acres

      Lynchburg Industrial Development Site

      4.7 Acres, $299,000, High Visibility
      601 Graves Mill Rd, Lynchburg, VA 24502
      View Details
    • $1,250,000

      Retail Property For Sale

      Retail property available for purchase in Lynchburg, Virginia.
      7803 Timberlake Rd, Lynchburg, VA 24502
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      3,665 SF

      Wards Road Retail Opportunity

      Retail/office/restaurant spaces available in high-traffic Lynchburg location.
      14395 Wards Rd, Lynchburg, VA 24502
      View Details
    • Contact for pricing

      Retail and Office Spaces Available

      Retail and office spaces for lease in Lynchburg, Virginia.
      7713 Timberlake Rd, Lynchburg, VA 24502
      View Details
    • $14 SF/Yr
      3,814 SF

      Lynchburg Retail or Office Space

      3,814 SF suite suitable for retail or office use.
      7901 Timberlake Rd, Lynchburg, VA 24502
      View Details
    • Contact for pricing
      4,100 SF

      Retail Space Near Kroger

      Retail space available near Kroger, Big Lots, and Walgreens.
      2104 Wards Rd, Lynchburg, VA 24502
      View Details
    • Contact for pricing
      98,920 SF

      Lynchburg Retail Space for Lease

      Prime Lynchburg retail space, multiple units available.
      3412 Waterlick Rd, Lynchburg, VA 24502
      View Details
    • $30 SF/Yr
      3,300 SF

      Retail Space in Prime Location

      3,300 SF retail space in Lynchburg, divisible.
      7916-8000 Timberlake Rd, Lynchburg, VA 24502
      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.
    1503 Enterprise Dr
    Lynchburg, VA 24502-5751
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.