Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1622 12Th St Lynchburg, VA 24501
    Back to Search
    Property profile & analytics

    1622 12Th St, Lynchburg, VA 24501

    View on Map
    • Auto shops
    • 3,691 SF
    • 0.46 lot acres
    For Sale
    $290,000
    View Listing →
    Lynchburg Multi-Building Commercial Property For Sale
    $290,000
    3,943 SF

    Lynchburg Multi-Building Commercial Property

    High-visibility 3-building commercial complex.

    1622 12Th St, Lynchburg, VA 24501
    View Listing
    Property ID
    US87-1670795
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • TD's Auto Repair / Auto Repair Shop

    Property Details for 1622 12Th St

    Year built
    1959
    Lot size
    0.46 lot acres
    Zone code
    B5
    Property type
    Auto shops
    APN
    026 02 001
    APU
    2602001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 10, 2019 — Barbara Gardner Robert E Williams Deed —
    Sep 6, 2007 — Robert E Williams Jeremiah Gardner Deed $14k · Bank Of The James

    Description

    This exceptional commercial property, situated on a highly visible 0.46-acre lot at 1622 12th Street in Lynchburg, Virginia, presents a unique investment opportunity. The property encompasses a total of 3,943 square feet and comprises three distinct buildings. The largest building, a 2,450-square-foot karate studio, offers ample space for a variety of fitness or recreational uses. A second building, totaling 1,241 square feet, is currently configured as an auto shop, complete with two convenient roll-up doors for easy access and vehicle maneuvering. This building also includes a reception area, two restrooms, and an oil furnace. Finally, a smaller 252-square-foot office/storage building provides additional versatile space. The flexible zoning allows for a wide range of potential uses, making this property ideal for entrepreneurs and investors seeking a multi-faceted commercial venture. The property's prime location on 12th Street ensures high visibility and accessibility, attracting significant foot and vehicle traffic. This is a rare opportunity to acquire a well-maintained, multi-building commercial property in a thriving Lynchburg location. The asking price is $290,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg City
    State
    Virginia
    Longitude
    -79.1533
    Latitude
    37.4047
    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
    $1,713
    $69,600
    $122,900
    $192,500
    -
    $69,600
    $122,900
    $192,500

    Comparable in this City

    • Value Estimation by Request
      896 SF

      2505 Judith St

      AUTO REPAIR, GARAGE
      2505 Judith St, Lynchburg, VA 24501
      View Details
    • Value Estimation
      $615,000
      5,000 SF

      3437 Frst Brk Rdb

      AUTO REPAIR, GARAGE
      3437 Frst Brk Rdb, Lynchburg, VA 24501-6801
      View Details
    • Value Estimation
      $755,000
      10,330 SF

      2519 Lakeside Dr

      AUTO REPAIR, GARAGE
      2519 Lakeside Dr, Lynchburg, VA 24501-6920
      View Details
    • Value Estimation
      $2,190,000
      19,275 SF

      3821 Old Frst Rd

      AUTO REPAIR, GARAGE
      3821 Old Frst Rd, Lynchburg, VA 24501-6908
      View Details
    • Value Estimation
      $2,160,000
      6,444 SF

      3402 Old Frst Rd

      AUTO REPAIR, GARAGE
      3402 Old Frst Rd, Lynchburg, VA 24501
      View Details
    • Value Estimation by Request
      6,677 SF

      3523 Campbell Ave

      AUTO REPAIR, GARAGE
      3523 Campbell Ave, Lynchburg, VA 24501-6533
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,541 SF

      Net Leased Auto Parts Retail

      Single-tenant net lease with O’Reilly Auto Parts under a new 10-year term along Old Forest Road.
      3112 Old Forest Rd, Lynchburg, VA 24501
      View Details
    • New
      $1,599,000
      6,000 SF

      Machine Shop with Included Equipment

      Fully operational machine shop with machines and business contents included, offering turn-key continuity for an automotive shop operator.
      1431 Waterlick Rd, Lynchburg, VA 24501
      View Details
    • Contact for pricing
      5,915 SF

      New Wawa Ground Lease

      New construction Wawa ground lease in Lynchburg, Virginia.
      14039 Wards Rd, Lynchburg, VA 24501
      View Details
    • Contact for pricing
      4,000 SF

      Retail Property in Lynchburg, VA

      Retail property available for sale in Lynchburg, Virginia.
      115 Oakley Ave, Lynchburg, VA 24501
      View Details
    • Contact for pricing
      2,230 SF

      Renovated Retail/Office with Drive-Through

      2,230 SF renovated retail/office space with drive-through for sale.
      1110 Campbell Ave, Lynchburg, VA 24501
      View Details
    • $1,250,000
      6,215 SF

      Lynchburg Commercial Property For Sale

      High-visibility commercial property with flexible zoning and ample parking.
      4001 Murray Pl, Lynchburg, VA 24501
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      910 SF

      Office/Retail Space on Old Forest

      910 Sq. Ft. office/retail unit in highly visible location.
      3831 Old Forest Rd, Lynchburg, VA 24501
      View Details
    • Contact for pricing

      Retail/Office Space Available

      Single tenant retail or office space for rent.
      2608 Lakeside Dr, Lynchburg, VA 24501
      View Details
    • Contact for pricing

      Flexible Lynchburg Retail/Medical Opportunity

      Adaptable commercial space for medical, retail, and service-oriented businesses.
      2105 12Th St, Lynchburg, VA 24501
      View Details
    • Contact for pricing
      2,000 SF

      Office/Retail Space Near University

      Office/retail space for rent near the University of Lynchburg.
      258 Oakley Ave, Lynchburg, VA 24501
      View Details
    • Contact for pricing
      4,300 SF

      Office/Retail Space Near University

      Office/retail space for rent near the University of Lynchburg.
      254 Oakley Ave, Lynchburg, VA 24501
      View Details
    View Listing
    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.
    1622 12Th St
    Lynchburg, VA 24501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1622 12Th St, Lynchburg, VA, 24501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!