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Property profile & analytics
OFF-MARKET
Estimated value
$5,080,000
Warehouses
2637 Lakeside Dr Lynchburg, VA 24501-6944
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-1701331
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1981
Total area
63,130 SF
Lot
5.25 ac (228,777 SF)
Zoning code
9
APN
231 10 001
UPID
US87-1701331
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
-
U-Haul Neighborhood Dealer Car Rental Facility
-
iStorage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.36M
Blend (final)
Blend
$5.08M
Owner & transaction history
Ss Lakeside Drive LLC · 10 yrs held
Ss Lakeside Drive LLC
since 2016
3 recorded transactions
Zoning & alternative use
9 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.6M
+97.5%
Apartment house (5+ units)
$6.7M
+73.8%
Retail stores
$4.6M
+20.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,840,000
Current use
COMMERCIAL (GENERAL)
$7,580,000
Change: +98% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,670,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$4,640,000
Change: +21% · Conversion: Moderate
Blend value · Realmo final
$5.08M
Range $4.57M – $5.59M · ±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
$80 / 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
$42,875
Tax year 2024
Assessed value
$4,817,400
Assessed 2024
Previous assessed
$4,817,400
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$1,663,400
Assessed improvement
$3,154,000
Land market value
$1,663,400
Improvement market value
$3,154,000
Total market value
$4,817,400
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Heating
NONE
Buildings
1
Stories
1
Rooms
531
Total area
63,130 SF
Lot
5.25 ac (228,777 SF)
Zoning code
9
APN
231 10 001
UPID
US87-1701331
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
9 · Lynchburg, VAZoning 9 · permitted uses
9 · Lynchburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$7.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.7M
RETAIL STORES
Est. value
$4.6M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1981
Heating
NONE
Stories
1
Buildings
1
Rooms
531
Lot
5.25 ac
Current owner
From public records · entity-resolved
Ss Lakeside Drive LLC
Entity
Free & Clear · 10 yrs held
Mailing address
8400 E PRENTICE AVE #9, GREENWOOD VILLAGE, CO 80111-2912
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2018
—
Ss Lakeside Drive LLC
—
Deed
related
$643,000,000 · New York Life Insurance Company
Sep 27, 2016
—
Ss Lakeside Drive LLC
—
Deed
related
$40,000,000 · Citigroup Global Markets Realty Corp
Jul 6, 2016
$4,760
Ss Lakeside Drive LLC
Sovran Acquisition LP
Special Warranty 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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