Property profile

2629 Wards Rd Lynchburg, VA 24502

OFF-MARKET
Drive through restaurants
Property ID
US87-1745483
3,221 SF 0.64 ac lot Built 1995
Entity Owned 14-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1995
Construction FRAME
Total area 3,221 SF
Lot 0.64 ac (28,096 SF)
Zoning code B5
APN 162 29 009
UPID US87-1745483

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

2629 Wards Rd Lynchburg, VA 24502-2107
Lynchburg metro Census 1601 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$420k

Owner & transaction history

since 2011
2 recorded transactions
2011
$800,000
2006
Price N/A

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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