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Property profile

1900 Tate Spgs Rd Lynchburg, VA 24501

OFF-MARKET
Commercial real estate
Property ID
US87-1660713
24,220 SF 4.39 ac lot Built 1957
Entity Owned Absentee Owner Free & Clear

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1957
Construction FRAME
Total area 24,220 SF
Lot 4.39 ac (191,185 SF)
Zoning code B1
APN 001 23 001
UPID US87-1660713

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.83M
Comparable Approach Comparable
$3.92M
Blend (final) Blend
$3.67M

Owner & transaction history

Zoning & alternative use

B1 · Lynchburg, VA
Zoning description

The B-1 district is intended to provide for office, retail, restaurant and service uses that are compatible with nearby residential areas because they are in scale with adjacent neighborhood development and have pedestri…

General category COMMERCIAL
Top alternative use upside
Restaurant $5.1M +76.5%
Auto repair, garage $4.9M +69.2%
Medical building $4.3M +48.4%

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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