Property profile

2020 Memorial Ave Lynchburg, VA 24501

OFF-MARKET
Parking lots & garages
Property ID
US87-1427282
880 SF 0.14 ac lot Built 1970
Individually Owned 19-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1970
Total area 880 SF
Lot 0.14 ac (6,186 SF)
Zoning code B5
APN 003 33 001
UPID US87-1427282

Cap rate & NOI

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

Location

2020 Memorial Ave Lynchburg, VA 24501-1710
Lynchburg metro Census 700 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$170k

Owner & transaction history

since 2007
2 recorded transactions
2023
Price N/A
2007
Price N/A

Zoning & alternative use

B5 · Lynchburg, VA
Zoning description

The B-5 district is intended to provide for a variety of commercial and similar uses that require large sites and which often produce substantial nuisance effects

General category COMMERCIAL

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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