Property profile

1624 Park Ave Lynchburg, VA 24501

OFF-MARKET
Retail space
Property ID
US87-1446630
5,718 SF 0.08 ac lot Built 1900
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Construction FRAME
Total area 5,718 SF
Lot 0.08 ac (3,398 SF)
Zoning code B5
APN 010 51 007
UPID US87-1446630

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1624 Park Ave Lynchburg, VA 24501-1830
Lynchburg metro Census 600 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$165k

Owner & transaction history

since 2022
Last sale
$25,000
1 recorded transaction
2022
$25,000

Zoning & alternative use

B5 · Lynchburg, VA
Zoning description

The B-5 district is intended to provide for a variety of commercial and similar uses that require large sites and which often produce substantial nuisance effects

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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