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Property profile & analytics
OFF-MARKET
Estimated value
$2,100,000
Apartment buildings
300 Mcconville Rd Lynchburg, VA 24502-4560
Entity Owned
1-yr Hold
Free & Clear
Property ID
US87-1588746
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1998
Construction
FRAME
Total area
22,977 SF
Lot
4.92 ac (214,315 SF)
Zoning code
R4
APN
235 01 004
UPID
US87-1588746
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
-
True Value Web Big Box & Wholesale Store Building Supply
-
Indigo Run Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.10M
CAP Approach
CAP
$2.81M
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$2.10M
Owner & transaction history
Forty Seven Viii LLC · 1 yrs held
Forty Seven Viii LLC
since 2024
Last sale
$2.1M
6 recorded transactions
Zoning & alternative use
R4 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R-4 district is intended to provide for residential and other compatible uses at high densities in locations with adequate infrastructure and proximity to necessary services and employment
Zone name
Medium High Density Residential District
General category
RESIDENTIAL
Zone area
1,481.55 ac
Source
Realmo
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
$2,100,000
ML approach
$2,100,000
CAP Approach
CAP Return
Estimation
6%
$3,040,000
6.5%
$2,805,000
7%
$2,605,000
Blend value · Realmo final
$2.10M
Range $1.89M – $2.31M · ±10% · vs last sale $2.10M (Dec 20 2024)
Last sale anchor
$2.10M
Dec 20 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
$91 / 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
$10,653
Tax year 2024
Assessed value
$1,197,000
Assessed 2024
Previous assessed
$1,197,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$150,000
Assessed improvement
$1,047,000
Land market value
$150,000
Improvement market value
$1,047,000
Total market value
$1,197,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1998
Construction
FRAME
Heating
NONE
Buildings
3
Stories
2
Rooms
8
Total area
22,977 SF
Lot
4.92 ac (214,315 SF)
Zoning code
R4
APN
235 01 004
UPID
US87-1588746
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
R4 · Lynchburg, VAZoning R4 · permitted uses
R4 · Lynchburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R-4 district is intended to provide for residential and other compatible uses at high densities in locations with adequate infrastructure and proximity to necessary services and employment
Zone name
Medium High Density Residential District
General category
RESIDENTIAL
Zone area
1,481.55 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1998
Construction
FRAME
Heating
NONE
Stories
2
Buildings
3
Rooms
8
Lot
4.92 ac
Current owner
From public records · entity-resolved
Forty Seven Viii LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 4338, LYNCHBURG, VA 24502-0338
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2024
$2,100,000
Forty Seven Viii LLC
Long Meadows INC
Bargain & Sale Deed
—
May 24, 2022
—
Lond Meadows INC
—
Deed
related
$1,000,000 · Select Bank
Aug 12, 2019
$119,000
William Tyler Dorr
Chelsey M Lacks
Bargain And Sale Deed
$116,844 · Assurance Financial Group LLC
Aug 12, 2019
—
William Tyler Dorr
—
Deed
related
$4,165 · Assurance Financial Group LLC
Apr 11, 2018
—
Long Meadows INC
—
Deed
related
$885,000 · Union Bank & Trust
May 1, 2006
—
Nicole Nichols
Vicki B Beard
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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