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Property profile

305 Alleghany Ave Lynchburg, VA 24501

OFF-MARKET
Commercial real estate
Property ID
US87-1667097
1,440 SF 0.31 ac lot Built 1967
Entity Owned 20-yr Hold Absentee Owner ~ Est. High Equity

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1967
Total area 1,440 SF
Lot 0.31 ac (13,504 SF)
Zoning code B5
APN 004 05 049
UPID US87-1667097

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
  • Hair Salon

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2006
1 recorded transaction
2006
Price N/A

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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