Property profile

2819 Candlers Mtn Rd Lynchburg, VA 24502

OFF-MARKET
Retail space
Property ID
US87-1537731
7,100 SF 1.04 ac lot Built 1997
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a +/- 7,100 sq. ft. restaurant building on a +/- 1.48-acre corner parcel. The restaurant is configured for seating capacity of approximately 175 people and includes parking on site with approximately 105 spaces. The parcel has about 250 linear feet of frontage along Candlers Mountain Road and is situated at a signalized intersection.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1997
Construction FRAME
Total area 7,100 SF
Lot 1.04 ac (45,259 SF)
Zoning code B5
APN 162 01 074
UPID US87-1537731

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
  • Discount Store

Location

2819 Candlers Mtn Rd Lynchburg, VA 24502-2209
Lynchburg metro Census 901 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$585k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$630k

Owner & transaction history

since 2022
Last sale
$600,000
1 recorded transaction
2022
$600,000

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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