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Property profile & analytics
OFF-MARKET
Estimated value
$4,260,000
Manufacturing properties
1905 Hollins Ml Rd Lynchburg, VA 24503-2761
Entity Owned
Free & Clear
Property ID
US87-1615828
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1952
Total area
57,851 SF
Lot
1.93 ac (84,027 SF)
Zoning code
I2
APN
007 01 001
UPID
US87-1615828
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
-
Flowers Baking Co Bakery Specialty Food Shop
-
Personnel Outsource Solutions Employment Agency
-
Firstfleet Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.50M
Comparable Approach
Comparable
$4.02M
Blend (final)
Blend
$4.26M
Owner & transaction history
FLOWERS BAKING CO LYNCHBURG
FLOWERS BAKING CO LYNCHBURG
Zoning & alternative use
I2 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The I-2 district is intended to provide for industrial uses of a variety of types that produce relatively low levels of smoke, smell, noise, light, dust and other nuisances
Zone name
Light Industrial District
General category
INDUSTRIAL
Zone area
1,326.09 ac
Source
Realmo
Top alternative use upside
Restaurant
$6.2M
+157.8%
Commercial (general)
$5.5M
+131.4%
Auto repair, garage
$5.3M
+122.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,870,000
6.5%
$4,495,000
7%
$4,175,000
Alternative Use
Use
Estimation
RESTAURANT
$6,175,000
Change: +158% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,545,000
Change: +131% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,320,000
Change: +122% · Conversion: Easy
MEDICAL BUILDING
$5,285,000
Change: +121% · Conversion: Difficult
RETAIL STORES
$4,510,000
Change: +88% · Conversion: Moderate
Blend value · Realmo final
$4.26M
Range $3.83M – $4.69M · ±10%
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
$74 / 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
$37,801
Tax year 2024
Assessed value
$4,247,300
Assessed 2024
Previous assessed
$4,247,300
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$192,900
Assessed improvement
$4,054,400
Land market value
$192,900
Improvement market value
$4,054,400
Total market value
$4,247,300
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1952
Heating
NONE
Buildings
1
Stories
1
Total area
57,851 SF
Lot
1.93 ac (84,027 SF)
Zoning code
I2
APN
007 01 001
UPID
US87-1615828
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
I2 · Lynchburg, VAZoning I2 · permitted uses
I2 · Lynchburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The I-2 district is intended to provide for industrial uses of a variety of types that produce relatively low levels of smoke, smell, noise, light, dust and other nuisances
Zone name
Light Industrial District
General category
INDUSTRIAL
Zone area
1,326.09 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$6.2M
COMMERCIAL (GENERAL)
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$5.3M
RETAIL STORES
Est. value
$4.5M
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1952
Heating
NONE
Stories
1
Buildings
1
Lot
1.93 ac
Current owner
From public records · entity-resolved
FLOWERS BAKING CO LYNCHBURG
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 56607, ATLANTA, GA 30343-0607
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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