Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Retail space
3100 Old Frst Rd Lynchburg, VA 24501-2324
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-1402621
Property summary
AI-generated overview
This 10,113 square foot freestanding building sits on a 1.106-acre lot in Lynchburg, Virginia. Originally constructed in 1998 as a pharmacy with a drive-thru, this versatile property offers significant redevelopment potential. The B-3 Community Business zoning allows for a variety of uses, including retail, multi-tenant, or medical. The building boasts 53 paved parking spaces and a convenient drive-thru configuration. Its prime corner location at a signalized intersection ensures excellent visibility and accessibility, benefiting from over 21,000 vehicles per day. Additional features include public water and sewer access, and a large pylon sign. The asking price is $1,900,000, translating to $187.88 per square foot. This property presents a compelling investment opportunity in a high-traffic area with diverse redevelopment possibilities. The property's address is 3100 Old Forest Rd, Lynchburg, VA 24501, and its APN is 16901002.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Total area
10,113 SF
Lot
1.11 ac (48,177 SF)
Zoning code
B3
APN
169 01 002
UPID
US87-1402621
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
-
Buy Bitcoin Crypto Atm
-
CVS Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
MoneyGram Bank Credit Union
-
Coinhub Bitcoin ATM Teller Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.18M
Owner & transaction history
LYNCHBURG DEVELOPMENT CORP
LYNCHBURG DEVELOPMENT CORP
Zoning & alternative use
B3 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.8M
+142.5%
Commercial (general)
$1.2M
+63.4%
Apartment house (5+ units)
$1.1M
+43.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$745,000
Current use
MEDICAL BUILDING
$1,800,000
Change: +143% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,215,000
Change: +63% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,070,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10%
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
$116 / 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
$29,441
Tax year 2024
Assessed value
$3,308,000
Assessed 2024
Previous assessed
$3,308,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$730,000
Assessed improvement
$2,578,000
Land market value
$730,000
Improvement market value
$2,578,000
Total market value
$3,308,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1998
Heating
NONE
Buildings
1
Stories
1
Total area
10,113 SF
Lot
1.11 ac (48,177 SF)
Zoning code
B3
APN
169 01 002
UPID
US87-1402621
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
B3 · Lynchburg, VA
Zoning B3 · permitted uses
B3 · 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
RETAIL STORES Current
Est. value
$745,000
MEDICAL BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1998
Heating
NONE
Stories
1
Buildings
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
LYNCHBURG DEVELOPMENT CORP
Entity
Free & Clear · 0 yrs held
Mailing address
285 W DUNDEE RD, PALATINE, IL 60074-2699
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3100 Old Frst Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
