Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,255,000
Medical Office Space
2728 Old Frst Rd Lynchburg, VA 24501-2445
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1807045
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1990
Construction
FRAME
Total area
4,864 SF
Lot
1.09 ac (47,480 SF)
Zoning code
B3C
APN
166 06 005
UPID
US87-1807045
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
-
Lynchburg Gynecology Physician Medical Clinic
-
Dr. Lewis P. Dabney, MD Physician Medical Clinic
-
Matthew Tompkins, MD Physician Medical Clinic
-
Vickie B. Moore, NP Physician
-
Sarah Woods Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.26M
CAP Approach
CAP
$930k
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.26M
Owner & transaction history
David C Quinn · 2 yrs held
David C Quinn
since 2024
Last sale
$1.3M
3 recorded transactions
Zoning & alternative use
B3C · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$990,000
+14.1%
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
$1,255,000
ML approach
$1,255,000
CAP Approach
CAP Return
Estimation
6%
$1,010,000
6.5%
$930,000
7%
$865,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$865,000
Current use
AUTO REPAIR, GARAGE
$990,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$1.26M
Range $1.13M – $1.38M · ±10% · vs last sale $1.26M (Jun 3 2024)
Last sale anchor
$1.26M
Jun 3 2024
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
$258 / 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
$8,722
Tax year 2024
Assessed value
$980,000
Assessed 2024
Previous assessed
$980,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$327,000
Assessed improvement
$653,000
Land market value
$327,000
Improvement market value
$653,000
Total market value
$980,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1990
Construction
FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
4,864 SF
Lot
1.09 ac (47,480 SF)
Zoning code
B3C
APN
166 06 005
UPID
US87-1807045
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
B3C · Lynchburg, VAZoning B3C · permitted uses
B3C · 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
MEDICAL BUILDING Current
Est. value
$865,000
AUTO REPAIR, GARAGE
Est. value
$990,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
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
1990
Construction
FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
David C Quinn
Individual
Mailing address
400 DEER HVN LN, HENRY, TN 38231-4155
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Jun 3, 2024
$1,255,000
David C Quinn
Padoc LLC
Deed
—
Jul 18, 2006
—
Padoc LLC
Richard D Markham
Deed
$765,000 · First Citizens Bank & Trust Co
Aug 22, 2005
—
Richard D Markham
Bettina P Markham
Gift Deed
related
$209,000 · Planters Bank & Trust Company Of Virgini
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2728 Old Frst Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
