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    Property profile & analytics

    2220 Lakeside Dr Lynchburg, VA 24501-6702

    • Grocery and convenience stores
    • 11,236 SF
    • 1.03 lot acres
    OFF-MARKET
    Value Estimation
    $460,000
    Location Intelligence
    Property ID
    US87-1466802
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Quik-E Food Store & Fried Chicken / Fried Chicken Takeaway / Gas Station
    • Hill City Auto Detail / Car Detailing Service
    • Quik Wash & Dry / Laundromat
    • Laundromat / Laundromat
    • T1DE / Association Or Organization

    Property Details for 2220 Lakeside Dr

    Year built
    1975
    Lot size
    1.03 lot acres
    Property size
    11,236 SF
    Zone code
    10
    Property type
    Grocery and convenience stores
    APN
    230 26 021
    APU
    23026021

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $425,000

    • CAP approach

      CAP return
      Estimation
      6%
      $580,000
      6.5%
      $640,000
      7%
      $570,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $575,000
      Geo Method
      $530,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $610,000
      Retail
      $710,000
      Mixed-Use
      $675,000
      Hospitality
      $670,000
      Educational
      $605,000
      Residential Income
      $550,000
      Energy
      $675,000
      Income-Based Land
      $570,000
      Food Service
      $540,000

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg City
    State
    Virginia
    Longitude
    -79.2086
    Latitude
    37.3997
    CBSA code
    31340
    CBSA name
    LYNCHBURG, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $10,146
    $319,500
    $820,500
    $1,140,000
    -
    $319,500
    $820,500
    $1,140,000

    Comparable in this City

    • Value Estimation
      $370,000
      1,824 SF

      2404 Ft Ave

      CONVENIENCE STORE • 1,824 SF
      2404 Ft Ave, Lynchburg, VA 24501-2752
      View Details
    • Value Estimation
      $310,000
      2,880 SF

      1522 Florida Ave

      CONVENIENCE STORE • 2,880 SF
      1522 Florida Ave, Lynchburg, VA 24501-4112
      View Details
    • Value Estimation by Request
      3,159 SF

      2332 Lakeside Dr

      CONVENIENCE STORE • 3,159 SF
      2332 Lakeside Dr, Lynchburg, VA 24501-6703
      View Details
    • Value Estimation
      $300,000
      5,928 SF

      477 Oakley Ave

      CONVENIENCE STORE • 5,928 SF
      477 Oakley Ave, Lynchburg, VA 24501-3648
      View Details
    • Value Estimation by Request
      3,254 SF

      1531 Park Ave

      CONVENIENCE STORE • 3,254 SF
      1531 Park Ave, Lynchburg, VA 24501-1827
      View Details
    • Value Estimation
      $190,000
      1,253 SF

      1518 12th St

      CONVENIENCE STORE • 1,253 SF
      1518 12th St, Lynchburg, VA 24501-1950
      View Details

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      Retail/Bank Building Investment Opportunity

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      Retail Property in Lynchburg, VA

      Retail property available for sale in Lynchburg, Virginia.
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    Similar Nearby for Lease

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      1,200 SF

      Retail Space on Langhorne Road

      Well-located retail space available for rent on Langhorne Road.
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      Retail space with high visibility near Liberty University.
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    • Contact for pricing
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      Fresh Market Station Retail Space

      Lynchburg, VA retail space available.
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    • $12 SF/Yr
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      +/- 700 SF Office Space For Lease

      +/- 700 SF Office Space For Lease
      3622 Old Forest Road, Lynchburg, VA 24501
      View Details
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    Lynchburg, VA 24501-6702
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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