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Property profile & analytics
FOR SALE
Commercial real estate
1928 Thomson Dr Lynchburg, VA 24501
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-1734099
For Sale
1 / 8
$799,000
1928 Thomson Dr, Lynchburg, VA 24501
View Listing →
Property summary
AI-generated overview
This attractive 6,600 square foot office building, constructed in 1972 and renovated in 2008, presents a versatile space ideally suited for a single tenant or multiple units. Located on Thomson Drive, its convenient proximity to Lynchburg General Hospital and the Alan Pearson Cancer Center makes it highly desirable for healthcare-related businesses. The B-1 Business zoning allows for a range of commercial uses. The property's ample 6,600 square feet offers adaptability for various business needs and configurations. Its location offers easy access to numerous healthcare institutions and is a short 10-minute drive from downtown Lynchburg, providing excellent accessibility for employees and clients. This single-tenant property (APN: 00605033) is available for both lease and sale. Interested parties should inquire for detailed information regarding lease terms and sale pricing. The building's 2008 renovation ensures modern functionality and aesthetics. This is a rare opportunity to secure a well-located, adaptable office space in a thriving area of Lynchburg.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1972
Construction
FRAME
Total area
6,562 SF
Lot
0.47 ac (20,299 SF)
Zoning code
B1
APN
006 05 033
UPID
US87-1734099
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
-
Shamrock Bld. Corporate Office
-
Walker Jr Allen MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
$765k
Comparable Approach
Comparable
$932k
Blend (final)
Blend
$895k
Owner & transaction history
Thousand Hills Properties LLC · 5 yrs held
Thousand Hills Properties LLC
since 2020
Last sale
$570,000
3 recorded transactions
Zoning & alternative use
B1 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+76.5%
Auto repair, garage
$1.3M
+69.2%
Medical building
$1.2M
+48.4%
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
$915,000
ML approach
$860,000
CAP Approach
CAP Return
Estimation
6%
$830,000
6.5%
$765,000
7%
$710,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$790,000
Current use
RESTAURANT
$1,390,000
Change: +76% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,335,000
Change: +69% · Conversion: Difficult
MEDICAL BUILDING
$1,170,000
Change: +48% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$695,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$895k
Range $806k – $985k · ±10% · vs last sale $570k (Dec 30 2020)
Last sale anchor
$570k
Dec 30 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
$136 / 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
$5,511
Tax year 2024
Assessed value
$619,200
Assessed 2024
Previous assessed
$619,200
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$93,200
Assessed improvement
$526,000
Land market value
$93,200
Improvement market value
$526,000
Total market value
$619,200
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1972
Construction
FRAME
Heating
NONE
Buildings
1
Stories
2
Total area
6,562 SF
Lot
0.47 ac (20,299 SF)
Zoning code
B1
APN
006 05 033
UPID
US87-1734099
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
B1 · Lynchburg, VA
Zoning B1 · permitted uses
B1 · Lynchburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lynchburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$790,000
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$695,000
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1972
Construction
FRAME
Heating
NONE
Stories
2
Buildings
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Thousand Hills Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
230 S WAYNE AVE, WAYNESBORO, VA 22980-4622
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2026
—
Thousand Hills Properties LLC
—
Deed
related
$400,700 · The First Bank & Trust Co
Dec 30, 2020
$570,000
Thousand Hills Properties LLC
Shamrock Holdings LLC
Deed
—
Mar 13, 2008
—
Shamrock Holdings LLC
Hjs Building Partnership LLC
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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