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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Medical Office Space
1817 Langhorne Sq Lynchburg, VA 24501-1017
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1524655
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1987
Total area
6,665 SF
Lot
1.61 ac (70,132 SF)
Zoning code
B3
APN
001 25 004
UPID
US87-1524655
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
-
Virginia Prosthetics & Orthotics Orthotics & Prosthetics Service
-
Duncan Therapy Centers Inc Medical Clinic
-
Rebecca Duncan, PT Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
$1.28M
Comparable Approach
Comparable
$977k
Blend (final)
Blend
$945k
Owner & transaction history
Migco LLC · 5 yrs held
Migco LLC
since 2020
Last sale
$755,000
2 recorded transactions
Zoning & alternative use
B3 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The B-3 district is intended to provide for office, retail and service uses meeting the needs of the community as a whole
Zone name
Community Business District
General category
COMMERCIAL
Zone area
993.72 ac
Source
Realmo
Top alternative use upside
Restaurant
$1.4M
+18.9%
Auto repair, garage
$1.4M
+14.1%
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
$1,210,000
ML approach
$1,110,000
CAP Approach
CAP Return
Estimation
6%
$1,380,000
6.5%
$1,275,000
7%
$1,185,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,185,000
Current use
RESTAURANT
$1,410,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,355,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±10% · vs last sale $755k (Dec 14 2020)
Last sale anchor
$755k
Dec 14 2020
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
$142 / 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
$7,672
Tax year 2024
Assessed value
$862,000
Assessed 2024
Previous assessed
$862,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$308,800
Assessed improvement
$553,200
Land market value
$308,800
Improvement market value
$553,200
Total market value
$862,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1987
Heating
NONE
Buildings
1
Stories
1
Total area
6,665 SF
Lot
1.61 ac (70,132 SF)
Zoning code
B3
APN
001 25 004
UPID
US87-1524655
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
B3 · Lynchburg, VAZoning B3 · permitted uses
B3 · Lynchburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The B-3 district is intended to provide for office, retail and service uses meeting the needs of the community as a whole
Zone name
Community Business District
General category
COMMERCIAL
Zone area
993.72 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1987
Heating
NONE
Stories
1
Buildings
1
Lot
1.61 ac
Current owner
From public records · entity-resolved
Migco LLC
Entity
Mailing address
2623 CORNWALLIS AVE SE, ROANOKE, VA 24014-3339
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2020
$755,000
Migco LLC
Thomas E Duncan
Deed
$550,000 · First Citizens Bank & Trust Co
Mar 16, 2005
—
Candler Oil Company INC
Thomas E Duncan
Deed
—
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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