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Property profile & analytics
FOR LEASE
Community centers
2820 Linkhorne Dr Lynchburg, VA 24503
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US87-1482312
For Lease
1 / 4
$6,000,000
2820 Linkhorne Dr, Lynchburg, VA 24503
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1969
Total area
39,700 SF
Lot
13.14 ac (572,509 SF)
Zoning code
5
APN
169 09 002
UPID
US87-1482312
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
-
Beautiful Nails Nail Salon
-
IKA Karate Sports School
-
Forest Hills Shopping Center Shopping Center & Mall
-
Joe Bean's Express Espresso Cafe & Coffee Shop
-
Snap Fitness Lynchburg Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.00M
CAP Approach
CAP
$7.94M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.00M
Owner & transaction history
Swintstorage Lynchburg Va LLC · 1 yrs held
Swintstorage Lynchburg Va LLC
since 2024
Last sale
$6.0M
1 recorded transaction
Zoning & alternative use
5 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.2M
+190.9%
Commercial (general)
$3.8M
+161.1%
Auto repair, garage
$3.7M
+150.6%
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
$6,000,000
ML approach
$6,000,000
CAP Approach
CAP Return
Estimation
6%
$8,600,000
6.5%
$7,940,000
7%
$7,375,000
Alternative Use
Use
Estimation
RESTAURANT
$4,240,000
Change: +191% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,805,000
Change: +161% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,650,000
Change: +151% · Conversion: Difficult
MEDICAL BUILDING
$3,625,000
Change: +149% · Conversion: Difficult
Blend value · Realmo final
$6.00M
Range $5.40M – $6.60M · ±10% · vs last sale $6.00M (Oct 31 2024)
Last sale anchor
$6.00M
Oct 31 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
$151 / 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
$21,345
Tax year 2024
Assessed value
$2,398,300
Assessed 2024
Previous assessed
$2,398,300
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$1,151,400
Assessed improvement
$1,246,900
Land market value
$1,151,400
Improvement market value
$1,246,900
Total market value
$2,398,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1969
Heating
NONE
Buildings
3
Stories
1
Total area
39,700 SF
Lot
13.14 ac (572,509 SF)
Zoning code
5
APN
169 09 002
UPID
US87-1482312
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
5 · Lynchburg, VA
Zoning 5 · permitted uses
5 · Lynchburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lynchburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.6M
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1969
Heating
NONE
Stories
1
Buildings
3
Lot
13.14 ac
Current owner
From public records · entity-resolved
Swintstorage Lynchburg Va LLC
Entity
Mailing address
2820 LINKHORNE DR REAR A, LYNCHBURG, VA 24503-3347
Mailing matches property
Yes
Owner-occupied
Yes
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2024
$6,000,000
Swintstorage Lynchburg Va LLC
Lynchburg Investment Co INC
Bargain & Sale Deed
$7,690,000 · Carter Bank & Trust
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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