Property profile

2641 Old Wards Rd Lynchburg, VA 24502

OFF-MARKET
Parking lots & garages
Property ID
US87-1826810
0.15 ac lot Built 1984
Individually Owned 15-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1984
Lot 0.15 ac (6,360 SF)
Zoning code B5
APN 162 30 004
UPID US87-1826810

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2641 Old Wards Rd Lynchburg, VA 24502
Lynchburg metro Census 1601 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2010
1 recorded transaction
2010
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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