Property profile

2401 Memorial Ave Lynchburg, VA 24501

OFF-MARKET
Retail space
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Property ID
US87-1757141
3,036 SF 0.53 ac Built 1961
Last sale Jul 2005·$285,000
Individually Owned Owner of record is an individual. 21-yr Hold Held for 21 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$4k
Tax billed · 2024
Assessed value$435k
Assessed land$187k
Assessed improvement$248k
Effective rate0.89%

Value estimate

· Nov 2026
$290k
$261k – $319k
AI approach$290k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$73/SF
ZIP average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$32 – $124
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B3
The B-3 district is intended to provide for office, retail and service uses meeting the needs of the community as a whole
General categoryCOMMERCIAL
JurisdictionLYNCHBURG CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.4
Pharmacy10.4
Electrical Service10.2

Location

2401 Memorial Ave Lynchburg, VA 24501
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
200 Pollard, Lynchburg, VA 24501-1218 $150,000 Feb 2024 2,430 SF
2034 Ft, Lynchburg, VA 24501-2704 $470,000 Jan 2024 3,660 SF
2406 12th, Lynchburg, VA 24501-5706 $130,000 Sep 2023 4,360 SF
1605 12th, Lynchburg, VA 24501-1951 $130,000 Oct 2022 2,400 SF
3021 Old Frst, Lynchburg, VA 24501-2321 $91,600 Mar 2022 3,035 SF
2901 Memorial, Lynchburg, VA 24501-2627 $300,000 Dec 2021 3,240 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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