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Property profile & analytics

1600 Graves Mill Rd Lynchburg, VA 24502

  • Apartment buildings
  • 62.31 lot acres
Value Estimation
Last Sale
Mar 24, 2023
Location Intelligence
Property ID
US87-1553100
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

  • Apartment buildings

Property Details for 1600 Graves Mill Rd

Year built
2023
Lot size
62.31 lot acres
Zone code
10
Property type
Apartment buildings
APN
239 04 004
APU
23904004

Description

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.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Lynchburg
County
Lynchburg City
State
Virginia
Longitude
-79.2312
Latitude
37.3784
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
$436,100
$4,000,000
$45,000,000
$49,000,000
-
$4,000,000
$45,000,000
$49,000,000
More about this property
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