Property profile

2424 Memorial Ave Lynchburg, VA 24501

OFF-MARKET
Drive through restaurants
Property ID
US87-1478167
2,648 SF 0.57 ac lot Built 1995
Individually Owned 10-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1995
Total area 2,648 SF
Lot 0.57 ac (24,786 SF)
Zoning code B3
APN 011 12 027
UPID US87-1478167

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

Location

2424 Memorial Ave Lynchburg, VA 24501-2620
Lynchburg metro Census 700 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$415k

Owner & transaction history

since 2015
1 recorded transaction
2015
$1.3M

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2424 Memorial Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message