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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Community centers
3211 Frst Brk Rd Lynchburg, VA 24501-3019
Entity Owned
14-yr Hold
Free & Clear
Property ID
US87-1699003
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2012
Total area
18,750 SF
Lot
2.81 ac (122,186 SF)
Zoning code
5
APN
220 04 012
UPID
US87-1699003
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
-
Kyoto Japanese Express Restaurant
-
World Nail Spa Nail Salon
-
Rehab Associates of Central Virginia Physician
-
Verizon Mobile Phone Store Electronics & Wireless Store
-
Rachel Thibault Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$630k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$715k
Blend (final)
Blend
$675k
Owner & transaction history
Forestbrook Investments LLC · 14 yrs held
Forestbrook Investments LLC
since 2012
2 recorded transactions
Zoning & alternative use
5 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$925,000
+34.6%
Industrial (general)
$885,000
+29.0%
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
$630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$690,000
Current use
APARTMENT HOUSE (5+ UNITS)
$925,000
Change: +35% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$885,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$36 / 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
$26,949
Tax year 2024
Assessed value
$3,028,000
Assessed 2024
Previous assessed
$3,028,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$1,402,500
Assessed improvement
$1,625,500
Land market value
$1,402,500
Improvement market value
$1,625,500
Total market value
$3,028,000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2012
Heating
NONE
Buildings
2
Stories
1
Total area
18,750 SF
Lot
2.81 ac (122,186 SF)
Zoning code
5
APN
220 04 012
UPID
US87-1699003
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
5 · Lynchburg, VA
Zoning 5 · permitted uses
5 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$690,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$925,000
INDUSTRIAL (GENERAL)
Est. value
$885,000
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
2012
Heating
NONE
Stories
1
Buildings
2
Lot
2.81 ac
Current owner
From public records · entity-resolved
Forestbrook Investments LLC
Entity
Free & Clear · 14 yrs held
Mailing address
PO BOX 4207, LYNCHBURG, VA 24502-0207
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2012
—
Forestbrook Investments LLC
William M Walker Properties LLC
Deed
—
Dec 31, 2008
—
William M Walker Properties LLC
William M Walker
Warranty 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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