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Property profile & analytics
OFF-MARKET
Estimated value
$2,125,000
Manufacturing properties
1619 Wythe Rd Lynchburg, VA 24501-3461
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US87-1399736
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1950
Total area
25,148 SF
Lot
5.2 ac (226,338 SF)
Zoning code
I3
APN
028 07 040
UPID
US87-1399736
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
-
Banker Steel Co LLC Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.96M
Comparable Approach
Comparable
$2.30M
Blend (final)
Blend
$2.13M
Owner & transaction history
Store Capital Acquisitions LLC · 7 yrs held
Store Capital Acquisitions LLC
since 2019
3 recorded transactions
Zoning & alternative use
I3 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.3M
+175.1%
Restaurant
$2.8M
+137.5%
Medical building
$2.5M
+108.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,115,000
6.5%
$1,955,000
7%
$1,815,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,275,000
Change: +175% · Conversion: Difficult
RESTAURANT
$2,825,000
Change: +138% · Conversion: Difficult
MEDICAL BUILDING
$2,475,000
Change: +108% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,360,000
Change: +98% · Conversion: Easy
RETAIL STORES
$1,660,000
Change: +40% · Conversion: Moderate
Blend value · Realmo final
$2.13M
Range $1.91M – $2.34M · ±10%
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
$84 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$19,865
Tax year 2024
Assessed value
$2,232,000
Assessed 2024
Previous assessed
$2,232,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$389,700
Assessed improvement
$1,842,300
Land market value
$389,700
Improvement market value
$1,842,300
Total market value
$2,232,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1950
Heating
NONE
Buildings
1
Stories
2
Total area
25,148 SF
Lot
5.2 ac (226,338 SF)
Zoning code
I3
APN
028 07 040
UPID
US87-1399736
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
I3 · Lynchburg, VA
Zoning I3 · permitted uses
I3 · Lynchburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lynchburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$3.3M
RESTAURANT
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.4M
RETAIL STORES
Est. value
$1.7M
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Stories
2
Buildings
1
Lot
5.2 ac
Current owner
From public records · entity-resolved
Store Capital Acquisitions LLC
Entity
Mailing address
1619 WYTHE RD, LYNCHBURG, VA 24501-3461
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2019
$6,038,628
Store Capital Acquisitions LLC
Wythe Road LLC
Special Warranty Deed
$6,200,000 · Citibank NA
Mar 16, 2017
—
1619 Wythe Road LLC
—
Deed
related
$710,000 · Bank Of The James
Mar 8, 2012
—
1619 Wythe Road LLC
Banker Steel Co LLC
Deed
$1,128,606 · Sun Trust Bank
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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