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    Property profile & analytics

    1902 Grace St Lynchburg, VA 24504-3524

    • Assisted living facilities
    • 80,357 SF
    • 1.19 lot acres
    OFF-MARKET
    Value Estimation
    $6,630,000
    Last Sale
    Mar 11, 2024
    $6,720,000
    Location Intelligence
    Property ID
    US87-1720346
    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.

    Current Use by Public Records

    • Olmsted John B MD / Doctor
    • April Branham / Nurse Practitioner
    • Tina Heinemann / Nurse Practitioner
    • Lisa Larkin / Family Practice Physician
    • Guggenheimer Health & Rehab Center / Dialysis Center / Hospice

    Property Details for 1902 Grace St

    Year built
    1900
    Lot size
    1.19 lot acres
    Property size
    80,357 SF
    Zone code
    R3
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    025 59 001
    APU
    2559001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,720,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,735,000
      6.5%
      $5,940,000
      7%
      $6,270,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,085,000
      Geo Method
      $6,545,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,280,000
      Retail
      $7,015,000
      Mixed-Use
      $5,765,000
      Hospitality
      $5,260,000
      Educational
      $6,435,000
      Residential Income
      $6,755,000
      Energy
      $5,985,000
      Income-Based Land
      $7,020,000
      Food Service
      $7,220,000

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg City
    State
    Virginia
    Longitude
    -79.1419
    Latitude
    37.4025
    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
    $75,650
    $400,800
    $8,099,200
    $8,500,000
    -
    $400,800
    $8,099,200
    $8,500,000

    Comparable in this City

    • Value Estimation by Request
      5,806 SF

      800 5th St

      MEDICAL BUILDING • 5,806 SF
      800 5th St, Lynchburg, VA 24504-2848
      View Details
    • Value Estimation by Request
      22,191 SF

      407 Federal St

      MEDICAL BUILDING • 22,191 SF
      407 Federal St, Lynchburg, VA 24504-2459
      View Details
    • Value Estimation
      $300,000
      11,921 SF

      1016 Main St

      MEDICAL BUILDING • 11,921 SF
      1016 Main St, Lynchburg, VA 24504-1712
      View Details
    • Value Estimation by Request
      0.04 Acres

      719 5th St

      VACANT COMMERCIAL LAND • 0.04 Acres
      719 5th St, Lynchburg, VA 24504-2429
      View Details
    • Value Estimation by Request
      0.84 Acres

      14 7th St

      PARKING GARAGE, PARKING STRUCTURE • 0.84 Acres
      14 7th St, Lynchburg, VA 24504-1324
      View Details
    • Value Estimation by Request
      1.87 Acres

      Lynchburg, VA 24504

      VACANT COMMERCIAL LAND • 1.87 Acres
      Lynchburg, VA 24504
      View Details

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    Similar Nearby for Lease

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      1,880 SF office suite in downtown Lynchburg for lease.
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    • $699,000
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      8,144 SF retail building adaptable for various uses.
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    Lynchburg, VA 24504-3524
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    Realmo Value Estimation

    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.

    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.

    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
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