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Property profile & analytics
FOR SALE
Commercial real estate

2815 Linkhorne Dr Lynchburg, VA 24503

4,225 SF 0.63 ac lot Built 1987
Individually Owned Free & Clear
Property ID
US87-1731305
Property summary
AI-generated overview

This exceptional multi-unit office building presents a compelling investment opportunity in Lynchburg, Virginia. Situated on a highly visible 0.63-acre corner lot at 2815 Linkhorne Drive, the property boasts convenient access from both Old Forest Road and Linkhorne Drive, ensuring high visibility and accessibility. The 4,225 square foot building offers the flexibility to operate as three individual office units, generating rental income, or as a single owner-occupied space with tenant occupancy. Recent improvements include a new roof installed in 2012 and a newly replaced cupola in 2023, minimizing immediate maintenance needs. The strategic location across from the Forest Hill Shopping Center and in close proximity to numerous medical and retail businesses provides significant advantages for attracting tenants and maximizing occupancy rates. This property offers a blend of immediate income potential and long-term growth prospects, making it an attractive addition to any investment portfolio. The building's size and layout provide ample space for various business types, while the high-traffic location ensures consistent exposure. This is a rare opportunity to acquire a well-maintained, strategically located commercial property in a thriving Lynchburg market. The asking price is $825,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1987
Construction FRAME
Total area 4,225 SF
Lot 0.63 ac (27,443 SF)
Zoning code B1
APN 166 06 006
UPID US87-1731305
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
  • Advance Foot Center | Dr. Michael L. Overfelt, DPM Physician
  • Charlotte Timber Co Inc Big Box & Wholesale Store Building Supply
  • Grace Care Llc Production Facility
  • Blue Ridge Financial Seminars Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$495k
Comparable Approach Comparable
$564k
Blend (final) Blend
$530k
Owner & transaction history
MICHAEL L OVERFELT
MICHAEL L OVERFELT
Zoning & alternative use
B1 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $860,000 +56.8%
Medical building $755,000 +37.5%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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