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Property profile & analytics
OFF-MARKET
Estimated value
$4,750,000
Medical Office Space
2321 Atherholt Rd Lynchburg, VA 24501-2113
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US87-1392956
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1975
Construction
FRAME
Total area
16,866 SF
Lot
0.85 ac (36,895 SF)
Zoning code
B3
APN
005 03 001
UPID
US87-1392956
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
-
Blue Ridge ENT & Plastic Surgery: Courville Timothy MD Physician
-
Christie Powers Physician
-
Dr. Peggy Warner Physician
-
Blue Ridge Ear, Nose, Throat & Plastic Surgery Medical Clinic Physician
-
Adamczak Andrea Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.23M
Comparable Approach
Comparable
$4.08M
Blend (final)
Blend
$4.75M
Owner & transaction history
Mmac Fca Blue Ridge Spe LLC · 6 yrs held
Mmac Fca Blue Ridge Spe LLC
since 2020
Last sale
$4.6M
6 recorded transactions
Zoning & alternative use
B3 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The B-3 district is intended to provide for office, retail and service uses meeting the needs of the community as a whole
Zone name
Community Business District
General category
COMMERCIAL
Zone area
993.72 ac
Source
Realmo
Top alternative use upside
Restaurant
$3.6M
+18.9%
Auto repair, garage
$3.4M
+14.1%
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%
$3,495,000
6.5%
$3,230,000
7%
$3,000,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,005,000
Current use
RESTAURANT
$3,575,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,425,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$4.75M
Range $4.28M – $5.23M · ±10% · vs last sale $4.63M (Jul 23 2020)
Last sale anchor
$4.63M
Jul 23 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
$282 / 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
$36,339
Tax year 2024
Assessed value
$4,083,000
Assessed 2024
Previous assessed
$4,083,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$254,100
Assessed improvement
$3,828,900
Land market value
$254,100
Improvement market value
$3,828,900
Total market value
$4,083,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1975
Construction
FRAME
Heating
NONE
Buildings
1
Stories
1
Rooms
3
Total area
16,866 SF
Lot
0.85 ac (36,895 SF)
Zoning code
B3
APN
005 03 001
UPID
US87-1392956
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
B3 · Lynchburg, VAZoning B3 · permitted uses
B3 · Lynchburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The B-3 district is intended to provide for office, retail and service uses meeting the needs of the community as a whole
Zone name
Community Business District
General category
COMMERCIAL
Zone area
993.72 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.0M
RESTAURANT
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.4M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1975
Construction
FRAME
Heating
NONE
Stories
1
Buildings
1
Rooms
3
Lot
0.85 ac
Current owner
From public records · entity-resolved
Mmac Fca Blue Ridge Spe LLC
Entity
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2026
—
Mmac Fca Blue Ridge Spe LLC
—
Deed
related
$68,825,000 · Capital One NA
Jan 9, 2026
—
Mmac Fca Blue Ridge Spe LLC
—
Deed
related
$68,825,000 · Capital One NA
Jul 23, 2020
$4,625,000
Mmac Fca Blue Ridge Spe LLC
Brent Properties INC
Special Warranty Deed
$2,775,000 · Pinnacle Bank
Mar 25, 2020
—
Brent Properties INC
—
Deed
related
$400,000 · Timothy Courville
Feb 21, 2020
—
Brent Properties INC
—
Deed
related
$127,500 · First Citizens Bank & Trust Co
Sep 9, 2016
—
Brent Properties INC
—
Deed
related
$170,000 · First Citizens Bank & Trust Co
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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