Property profile

2486 Rivermont Ave Lynchburg, VA 24503

OFF-MARKET
Retail space
Property ID
US87-1518753
6,697 SF 0.15 ac lot Built 1910
Entity Owned 20-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1910
Construction FRAME
Total area 6,697 SF
Lot 0.15 ac (6,360 SF)
Zoning code B2
APN 020 12 019
UPID US87-1518753

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
  • Law Firm
  • Hair Salon
  • Hair Salon
  • Spa & Massage Center Alternative Medicine Practice
  • Physician

Location

2486 Rivermont Ave Lynchburg, VA 24503-1549
Lynchburg metro Census 100 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$686k
Blend (final) Blend
$310k

Owner & transaction history

since 2006
2 recorded transactions
2017
Price N/A
2006
Price N/A

Zoning & alternative use

B2 · Lynchburg, VA
Top alternative use upside
Apartment house (5+ units) $915,000 +16.7%
Commercial (general) $870,000 +10.7%

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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