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    Property profile & analytics
    OFF-MARKET Estimated value $690,000
    Commercial real estate

    3211 Old Frst Rd, Lynchburg, VA 24501-2325

    4,670 SF 0.93 ac lot Built 1970
    Entity Owned 14-yr Hold ~ Est. High Equity
    Property ID
    US87-1734654
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • John Stewart Walker Inc Real Estate Agency
    • Karen W. Hall-John Stewart Walker, Inc. Real Estate Agency
    • Doris Brammer, Realtor John Stewart Walker Inc Real Estate Agency
    • Judy Frantz, John Stewart Walker, Inc Real Estate Agency
    • Teresa Hudson 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
    $690k
    Owner & transaction history
    William M Walker Properties LLC · 14 yrs held
    William M Walker Properties LLC
    since 2011
    2 recorded transactions
    2011
    2011
    Zoning & alternative use
    B3 · Lynchburg, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $950,000 +69.2%
    Medical building $830,000 +48.4%
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