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    Property profile & analytics

    2404 Ft Ave Lynchburg, VA 24501-2752

    • Grocery and convenience stores
    • 1,824 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    $370,000
    Last Sale
    Nov 02, 2023
    $337,500
    Location Intelligence
    Property ID
    US87-1474647
    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

    • Fort Food Mart / Convenience Store / Gas Station
    • CoinFlip Bitcoin ATM / Investment Service / Money Transfer Service
    • Marathon Gas / Gas Station / Convenience Store

    Property Details for 2404 Ft Ave

    Year built
    1954
    Lot size
    0.20 lot acres
    Property size
    1,824 SF
    Zone code
    B5
    Property type
    Grocery and convenience stores
    APN
    027 17 011
    APU
    2717011

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $355,000

    • CAP approach

      CAP return
      Estimation
      6%
      $435,000
      6.5%
      $420,000
      7%
      $430,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $395,000
      Geo Method
      $455,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $335,000
      Retail
      $430,000
      Mixed-Use
      $395,000
      Hospitality
      $360,000
      Educational
      $360,000
      Residential Income
      $435,000
      Energy
      $430,000
      Income-Based Land
      $390,000
      Food Service
      $350,000

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg City
    State
    Virginia
    Longitude
    -79.1607
    Latitude
    37.4009
    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
    $2,092
    $50,500
    $184,500
    $235,000
    -
    $50,500
    $184,500
    $235,000

    Comparable in this City

    • 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
    • Value Estimation
      $575,000
      2,273 SF

      3216 Old Frst Rd

      CONVENIENCE STORE • 2,273 SF
      3216 Old Frst Rd, Lynchburg, VA 24501-2336
      View Details
    • Value Estimation by Request
      4,382 SF

      2630 Lakeside Dr

      CONVENIENCE STORE • 4,382 SF
      2630 Lakeside Dr, Lynchburg, VA 24501-6921
      View Details
    • Value Estimation
      $240,000
      2,250 SF

      1400 Campbell Ave

      CONVENIENCE STORE • 2,250 SF
      1400 Campbell Ave, Lynchburg, VA 24501-2820
      View Details
    • Value Estimation
      $415,000
      2,704 SF

      3732 Campbell Ave

      CONVENIENCE STORE • 2,704 SF
      3732 Campbell Ave, Lynchburg, VA 24501-4504
      View Details

    Similar Nearby for Sale

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      2,230 SF renovated retail/office space with drive-through for sale.
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    Similar Nearby for Lease

    • $16 SF/Yr
      910 SF

      Office/Retail Space on Old Forest

      910 Sq. Ft. office/retail unit in highly visible location.
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      2,400 SF

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      Retail space with high visibility near Liberty University.
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      Retail Space on Langhorne Road

      Well-located retail space available for rent on Langhorne Road.
      2201 Langhorne Rd, Lynchburg, VA 24501
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    • Contact for pricing
      10,000 SF

      Retail Space in Shadow Anchored Center

      Up to 10,000 SF available in Lynchburg, Virginia.
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    • $36 SF/Yr
      10,000 SF

      Fresh Market Station Retail Space

      Lynchburg, VA retail space available.
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      View Details
    • $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 24501-2752
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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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