Property profile

2325 Memorial Ave Lynchburg, VA 24501

OFF-MARKET
Drive through restaurants
Property ID
US87-1779368
3,819 SF 0.85 ac lot Built 1984
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1984
Total area 3,819 SF
Lot 0.85 ac (36,821 SF)
Zoning code B3
APN 004 06 800
UPID US87-1779368

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering
  • Charitable Organization

Location

2325 Memorial Ave Lynchburg, VA 24501-2650
Lynchburg metro Census 801 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
$651k
Blend (final) Blend
$500k

Owner & transaction history

Zoning & alternative use

B3 · Lynchburg, VA
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

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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