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Property profile & analytics
OFF-MARKET
Estimated value
$2,230,000
Retail properties & Spaces
2420 Wards Rd Lynchburg, VA 24502-2104
Individually Owned
19-yr Hold
Free & Clear
Property ID
US87-1692316
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1996
Total area
13,504 SF
Lot
1.19 ac (51,619 SF)
Zoning code
B5
APN
162 01 006
UPID
US87-1692316
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
-
Goodwill Store and Donation Center Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.52M
Comparable Approach
Comparable
$2.50M
Blend (final)
Blend
$2.23M
Owner & transaction history
Goodwill Industries Of The Valleys · 19 yrs held
Goodwill Industries Of The Valleys
since 2007
1 recorded transaction
Zoning & alternative use
B5 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The B-5 district is intended to provide for a variety of commercial and similar uses that require large sites and which often produce substantial nuisance effects
Zone name
General Business District
General category
COMMERCIAL
Zone area
1,269.55 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$3.2M
+47.2%
Restaurant
$2.9M
+30.3%
Auto repair, garage
$2.7M
+25.0%
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%
$2,730,000
6.5%
$2,520,000
7%
$2,340,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,195,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,235,000
Change: +47% · Conversion: Difficult
RESTAURANT
$2,860,000
Change: +30% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,745,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$2,405,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,085,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$2.23M
Range $2.01M – $2.45M · ±10%
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
$165 / 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
$16,421
Tax year 2024
Assessed value
$1,845,000
Assessed 2024
Previous assessed
$1,845,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$711,000
Assessed improvement
$1,134,000
Land market value
$711,000
Improvement market value
$1,134,000
Total market value
$1,845,000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1996
Heating
NONE
Buildings
1
Stories
1
Total area
13,504 SF
Lot
1.19 ac (51,619 SF)
Zoning code
B5
APN
162 01 006
UPID
US87-1692316
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
B5 · Lynchburg, VAZoning B5 · permitted uses
B5 · Lynchburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The B-5 district is intended to provide for a variety of commercial and similar uses that require large sites and which often produce substantial nuisance effects
Zone name
General Business District
General category
COMMERCIAL
Zone area
1,269.55 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
RESTAURANT
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1996
Heating
NONE
Stories
1
Buildings
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
Goodwill Industries Of The Valleys
Individual
Free & Clear · 19 yrs held
Mailing address
PO BOX 2420, ROANOKE, VA 24010-2420
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2007
—
Goodwill Industries Of The Valleys
Lynoke LLC
Deed
—
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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