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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Warehouses
2940 Fulks St Lynchburg, VA 24501-3465
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-3311770
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1954
Total area
8,480 SF
Lot
0.49 ac (21,170 SF)
Zoning code
I3
APN
028 03 007
UPID
US87-3311770
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 Freight & Specialty Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
$800k
Comparable Approach
Comparable
$564k
Blend (final)
Blend
$750k
Owner & transaction history
Reel In Properties LLC · 1 yrs held
Reel In Properties LLC
since 2024
Last sale
$750,000
3 recorded transactions
Zoning & alternative use
I3 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The I-3 district is intended to provide for industrial and other activities which produce the highest levels of objectionable characteristics permitted under federal and state air and water pollution regulations
Zone name
Heavy Industrial District
General category
INDUSTRIAL
Zone area
1,918.65 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$1.0M
+97.5%
Apartment house (5+ units)
$895,000
+73.8%
Retail stores
$625,000
+20.8%
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
$750,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
$865,000
6.5%
$800,000
7%
$745,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$515,000
Current use
COMMERCIAL (GENERAL)
$1,020,000
Change: +98% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$895,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$625,000
Change: +21% · Conversion: Moderate
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Aug 27 2024)
Last sale anchor
$750k
Aug 27 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
$88 / 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
$3,880
Tax year 2024
Assessed value
$436,000
Assessed 2024
Previous assessed
$436,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$40,200
Assessed improvement
$395,800
Land market value
$40,200
Improvement market value
$395,800
Total market value
$436,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1954
Heating
NONE
Buildings
1
Stories
2
Total area
8,480 SF
Lot
0.49 ac (21,170 SF)
Zoning code
I3
APN
028 03 007
UPID
US87-3311770
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
I3 · Lynchburg, VAZoning I3 · permitted uses
I3 · Lynchburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The I-3 district is intended to provide for industrial and other activities which produce the highest levels of objectionable characteristics permitted under federal and state air and water pollution regulations
Zone name
Heavy Industrial District
General category
INDUSTRIAL
Zone area
1,918.65 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$515,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$895,000
RETAIL STORES
Est. value
$625,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1954
Heating
NONE
Stories
2
Buildings
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Reel In Properties LLC
Entity
Mailing address
2605 TRENTS FRY RD, LYNCHBURG, VA 24503-6429
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
Aug 27, 2024
$750,000
Reel In Properties LLC
2940 Fulks Street LLC
Bargain And Sale Deed
$600,000 · Farmers Bank
Mar 8, 2012
—
1619 Wythe Road LLC
Banker Steel Co LLC
Deed
$1,128,606 · Sun Trust Bank
Dec 10, 2008
$325,000
Banker Steel Realty LLC
New Dominion Development INC
Deed
—
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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