Property profile

2643 Lakeside Dr Lynchburg, VA 24501

OFF-MARKET
Automotive properties
Property ID
US87-1592318
37,539 SF 15.8 ac lot Built 1988
Entity Owned 12-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1988
Total area 37,539 SF
Lot 15.8 ac (688,161 SF)
Zoning code B5
APN 231 10 003
UPID US87-1592318

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
  • Car Rental Facility
  • Car Dealership
  • Electric Vehicle Charging Station
  • Auto Repair Shop
  • Car Dealership

Location

2643 Lakeside Dr Lynchburg, VA 24501-6944
Lynchburg metro Census 1800 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
$5.56M
Blend (final) Blend
$6.55M

Owner & transaction history

since 2013
5 recorded transactions
2013
$4.5M
2008
$4.0M
2008
Price N/A
2006
Price N/A
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
Top alternative use upside
Restaurant $8.0M +4.3%

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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