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    Property profile & analytics

    317 5th St Lynchburg, VA 24504-1310

    • Apartment buildings
    • 42,756 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimations
    $4,195,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1492332
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Gish Flats -Apartments / Apartment Complex / Apartment Building

    Property Details for 317 5th St

    Year built
    2016
    Lot size
    0.50 lot acres
    Property size
    42,756 SF
    Zone code
    B6
    Property type
    Apartment buildings
    APN
    024 14 014
    APU
    2414014

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,655,000
      6.5%
      $5,220,000
      7%
      $4,850,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $5,845,000
      Current use
      RETAIL STORES
      $5,005,000
      Change: -14% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg City
    State
    Virginia
    Longitude
    -79.1469
    Latitude
    37.4175
    CBSA code
    31340
    CBSA name
    LYNCHBURG, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $44,438
    $436,500
    $4,556,500
    $4,993,000
    -
    $436,500
    $4,556,500
    $4,993,000

    Comparable in this City

    • Value Estimation
      $910,000
      8,400 SF

      401 Rivermont Ave

      APARTMENT HOUSE (5+ UNITS) • 8,400 SF
      401 Rivermont Ave, Lynchburg, VA 24504-2360
      View Details
    • Value Estimation
      $850,000
      10,864 SF

      1016 Church St

      APARTMENT HOUSE (5+ UNITS) • 10,864 SF
      1016 Church St, Lynchburg, VA 24504-4613
      View Details
    • Value Estimation
      $4,825,000
      59,480 SF

      725 Church St

      APARTMENT HOUSE (5+ UNITS) • 59,480 SF
      725 Church St, Lynchburg, VA 24504-1417
      View Details
    • Value Estimation
      $1,335,000
      9,859 SF

      801 Church St

      APARTMENT HOUSE (5+ UNITS) • 9,859 SF
      801 Church St, Lynchburg, VA 24504-1521
      View Details
    • Value Estimation
      $7,850,000
      57,120 SF

      1329 Jefferson St

      APARTMENT HOUSE (5+ UNITS) • 57,120 SF
      1329 Jefferson St, Lynchburg, VA 24504-1848
      View Details
    • Value Estimation by Request
      8,452 SF

      1800 Bedford Ave

      APARTMENT HOUSE (5+ UNITS) • 8,452 SF
      1800 Bedford Ave, Lynchburg, VA 24504-1062
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Property with Rental Upside

      Two adjoining buildings with commercial and residential units for sale.
      701 5Th St, Lynchburg, VA 24504
      View Details
    • $520,000
      4,526 SF

      Mixed-Use Property in Lynchburg, VA

      Two adjoining buildings with commercial and residential units for sale.
      701-703 5Th St, Lynchburg, VA 24504
      View Details
    • Contact for pricing
      Pending

      Land For Sale, Lynchburg, VA

      Land available in Lynchburg, convenient to downtown.
      126 Stonewall St, Lynchburg, VA 24504
      View Details
    • Contact for pricing
      0.07 Acres

      Residential Lot in Established Neighborhood

      Cleared lot in Lynchburg, ideal for single-family home construction.
      620 Gum St, Lynchburg, VA 24504
      View Details
    • New
      $59,900
      5.15 Acres

      Residential Land with Mountain Views

      Residential land convenient to Lynchburg and Rustburg with mountain views.
      Kingswood Ln, Lynchburg, VA 24504
      View Details
    • $895,000
      8,144 SF

      Lynchburg Retail Building - Prime Location

      8,144 SF Retail Building, 0.81 Acres
      408 Federal St, Lynchburg, VA 24504
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      571 SF

      Mixed-Use Building in Downtown Lynchburg

      Downtown Lynchburg mixed-use property with apartments, office, and retail.
      725 Church St, Lynchburg, VA 24504
      View Details
    • Contact for pricing
      37,000 SF

      Downtown Lynchburg Retail/Office Space

      Highly visible corner location in Downtown Lynchburg.
      925 Main St, Lynchburg, VA 24504
      View Details
    • Contact for pricing
      5,899 SF

      Turnkey Restaurant Opportunity in Lynchburg

      5,899 SF restaurant space with panoramic views available for rent.
      828 Main St, Lynchburg, VA 24504
      View Details
    • Contact for pricing
      81,000 SF

      Main Street Office Space Available

      Flexible office space with ample parking and fiber optics.
      700-760 Main St, Lynchburg, VA 24504
      View Details
    • Contact for pricing
      1,880 SF

      Downtown Lynchburg Office Space Available

      1,880 SF office suite in downtown Lynchburg for lease.
      1312-1328 Jefferson St, Lynchburg, VA 24504
      View Details
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    317 5th St
    Lynchburg, VA 24504-1310
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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