Property profile

2623 Wards Rd Lynchburg, VA 24502

OFF-MARKET
Turn key restaurants
Property ID
US87-1590787
11,354 SF 2.65 ac lot Built 1994
Entity Owned 16-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1994
Construction FRAME
Total area 11,354 SF
Lot 2.65 ac (115,434 SF)
Zoning code B5
APN 162 29 001
UPID US87-1590787

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 Buffet
  • Bakery Take-out & Catering

Location

2623 Wards Rd Lynchburg, VA 24502-2107
Lynchburg metro Census 1601 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$520k
CAP Approach CAP
by Request
Comparable Approach Comparable
$849k
Blend (final) Blend
$685k

Owner & transaction history

since 2009
2 recorded transactions
2023
Price N/A
2009
$1.3M

Zoning & alternative use

B5 · Lynchburg, VA
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

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
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