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Property profile & analytics
OFF-MARKET
Retail space
2034 Ft Ave, Lynchburg, VA 24501-2704
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US87-1392225
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Total area
3,660 SF
Lot
0.5 ac (21,780 SF)
Zoning code
B5
APN
027 08 001
UPID
US87-1392225
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
-
Rock Solid Motorcycle Ministry Church Mosque
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nbs Holdings LLC · 2 yrs held
Nbs Holdings LLC
since 2024
Last sale
$470,000
5 recorded transactions
Zoning & alternative use
B5 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,402
Tax year 2024
Assessed value
$157,500
Assessed 2024
Previous assessed
$157,500
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$90,300
Assessed improvement
$67,200
Land market value
$90,300
Improvement market value
$67,200
Total market value
$157,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1961
Heating
NONE
Buildings
1
Stories
1
Total area
3,660 SF
Lot
0.5 ac (21,780 SF)
Zoning code
B5
APN
027 08 001
UPID
US87-1392225
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
B5 · Lynchburg, VA
Zoning B5 · permitted uses
B5 · 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.
Building & site characteristics
From public records
Year built
1961
Heating
NONE
Stories
1
Buildings
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Nbs Holdings LLC
Entity
Mailing address
1409 PO BOX 852ND RD, LYNCHBURG, VA 24505-0852
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2024
$470,000
Nbs Holdings LLC
Fortave Holdings LLC
Deed
$248,000 · American National Bank & Trust
Jul 1, 2022
$180,000
Fortave Holdings LLC
Damascus Ventures LLC
Deed
$208,000 · American National Bank
Jul 1, 2021
$325,000
Damascus Ventures LLC
Aurelia Investments LLC
Deed
—
Feb 7, 2014
—
Aurelia Investments LLC
Michael D Gue
Deed
—
Oct 10, 2006
—
Michael D Gue
Howlette E Hunter
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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