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Property profile

3211 Old Forest Rd Lynchburg, VA 24501

FOR SALE
Commercial real estate
Property ID
US87-1734654
4,670 SF 0.93 ac lot Built 1970
Entity Owned 15-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 5,100 square foot brick office building at 3211 Old Forest Road in Lynchburg, Virginia presents a unique investment opportunity. Currently available for the first time, this property boasts a highly desirable location and substantial space. The main level features ten individual offices, a welcoming reception area, a dedicated conference room, a copy room, and two bathrooms. The lower terrace level offers even more space with eleven additional offices, a second reception area with its own exterior entrance, a smaller conference or break room, two more bathrooms, and ample storage. The building is equipped with a durable slate roof, ensuring long-term protection. Ample parking is provided with two parking lots accommodating 25 vehicles. The property sits on a generous 0.93-acre lot, offering significant potential for future expansion or outdoor amenities. This is a turnkey opportunity for a business seeking a well-established and conveniently located office space. The building's iconic status and substantial square footage make it an ideal location for a variety of businesses. The property's excellent condition and desirable features make it a rare find in the Lynchburg market. Priced at $750,000, this is a compelling investment opportunity not to be missed.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1970
Construction FRAME
Total area 4,670 SF
Lot 0.93 ac (40,598 SF)
Zoning code B3
APN 220 04 002
UPID US87-1734654

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
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$545k
Comparable Approach Comparable
$909k
Blend (final) Blend
$335k

Owner & transaction history

since 2011
2 recorded transactions
2011
Price N/A
2011
Price N/A

Zoning & alternative use

B3 · Lynchburg, VA
Zoning description

The B-3 district is intended to provide for office, retail and service uses meeting the needs of the community as a whole

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $950,000 +69.2%
Medical building $830,000 +48.4%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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