Property profile

3021 Carroll Ave Lynchburg, VA 24501

OFF-MARKET
Auto shops
Property ID
US87-1394452
3,750 SF 0.24 ac lot Built 1980
Individually Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1980
Construction FRAME
Total area 3,750 SF
Lot 0.24 ac (10,237 SF)
Zoning code I2
APN 051 05 026
UPID US87-1394452

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
  • Auto Repair Shop

Location

3021 Carroll Ave Lynchburg, VA 24501-4914
Lynchburg metro Census 1400 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$160k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$160k

Owner & transaction history

since 2024
Last sale
$159,800
3 recorded transactions
2024
$159,800
2021
Price N/A
2021
$70,000

Zoning & alternative use

I2 · Lynchburg, VA
Zoning description

The I-2 district is intended to provide for industrial uses of a variety of types that produce relatively low levels of smoke, smell, noise, light, dust and other nuisances

General category INDUSTRIAL

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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