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Property profile & analytics
FOR LEASE
Apartment buildings

1600 Graves Mill Rd Lynchburg, VA 24502

62.31 ac lot Built 2023
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US87-1553100
Property summary
AI-generated overview

This exceptional Class A, mixed-use development in Lynchburg, Virginia, offers 90,000 square feet of leasable space across retail, office, and special purpose areas. Situated on 62.3 acres at a signalized intersection on Graves Mill Road (20,000+ ADT), this 2024-built property boasts excellent visibility and accessibility. The development includes three available retail spaces ranging from 12,579 to 128,938 square feet, and is part of a larger planned community encompassing a proposed 20,000 square foot grocery anchor, 796 residential units, and three additional pad sites. The location benefits from a strong surrounding retail trade area, including over 876 existing luxury apartments and numerous national brands, with an average household income exceeding $85,000 within a 10-minute radius. The master plan is fully approved and entitled, providing flexibility for a wide range of uses. Build-to-suit, ground lease, and traditional leasing options are available. This fully funded and locally developed project offers a unique opportunity to be part of a thriving, high-growth community in Lynchburg city, VA, zip code 24502. The property is located at 1600 Graves Mill Rd. Multiple tenancy is available.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2023
Lot 62.31 ac (2,714,006 SF)
Zoning code 10
APN 239 04 004
UPID US87-1553100
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$710k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$710k
Owner & transaction history
Rosedale Investments LLC · 3 yrs held
Rosedale Investments LLC
since 2023
5 recorded transactions
2023
Price N/A
2022
Price N/A
2021
$1.9M
2016
Price N/A
2013
$165,000
Zoning & alternative use
10 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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