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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Apartment buildings
2009 Longwood Rd Lynchburg, VA 24503-2217
Entity Owned
Free & Clear
Property ID
US87-1553924
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2009
Construction
FRAME
Total area
7,084 SF
Lot
0.6 ac (26,136 SF)
Zoning code
R1
APN
183 02 006
UPID
US87-1553924
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$865k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$785k
Owner & transaction history
2001longwood LLC
2001longwood LLC
since 2025
4 recorded transactions
Zoning & alternative use
R1 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R-1 district is intended to provide for residential development at low densities, together with public uses, institutional uses and private recreational facilities that are in scale with single household residences
Zone name
Low Density Residential District
General category
CIVIC_INSTITUTIONAL
Zone area
9,017.82 ac
Source
Realmo
Top alternative use upside
Medical building
$1.3M
+30.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$935,000
6.5%
$865,000
7%
$805,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$970,000
Current use
MEDICAL BUILDING
$1,260,000
Change: +30% · Conversion: Moderate
COMMERCIAL (GENERAL)
$920,000
Change: -5% · Conversion: Moderate
RETAIL STORES
$830,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±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
$111 / 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
$7,026
Tax year 2024
Assessed value
$789,400
Assessed 2024
Previous assessed
$789,400
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$60,000
Assessed improvement
$729,400
Land market value
$60,000
Improvement market value
$729,400
Total market value
$789,400
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2009
Construction
FRAME
Heating
NONE
Buildings
1
Stories
2
Rooms
5
Total area
7,084 SF
Lot
0.6 ac (26,136 SF)
Zoning code
R1
APN
183 02 006
UPID
US87-1553924
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
R1 · Lynchburg, VAZoning R1 · permitted uses
R1 · Lynchburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R-1 district is intended to provide for residential development at low densities, together with public uses, institutional uses and private recreational facilities that are in scale with single household residences
Zone name
Low Density Residential District
General category
CIVIC_INSTITUTIONAL
Zone area
9,017.82 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$970,000
MEDICAL BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$920,000
RETAIL STORES
Est. value
$830,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2009
Construction
FRAME
Heating
NONE
Stories
2
Buildings
1
Rooms
5
Lot
0.6 ac
Current owner
From public records · entity-resolved
2001longwood LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 235, FLOYD, VA 24091-0235
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2025
—
2001longwood LLC
Wall Residences INC
Deed
—
May 30, 2017
$1,124,827
Wall Residences INC
Larche Blue Ridge Mountains INC
Correction Deed
related
—
Jul 13, 2016
$1,124,827
Wall Residences INC
L Arche Blue Ridge Mountains INC
Correction Deed
related
—
Jun 30, 2016
$1,124,827
Wall Residences Mortstar LLC
Larche Blue Ridge Mountains INC
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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