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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Grocery and convenience stores
3216 Old Frst Rd, Lynchburg, VA 24501-2336
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1618485
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1975
Total area
2,273 SF
Lot
0.72 ac (31,189 SF)
Zoning code
B3
APN
220 07 004
UPID
US87-1618485
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
-
BP Food Mart Grocery & Convenience Store
-
bp Gas Station
-
Coin Laundry (Bike/Boat/Book/etc) Store
-
Exxon Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
$455k
Comparable Approach
Comparable
$368k
Blend (final)
Blend
$580k
Owner & transaction history
Raap LLC · 5 yrs held
Raap LLC
since 2021
Last sale
$670,000
3 recorded transactions
Zoning & alternative use
B3 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$590,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
$495,000
6.5%
$455,000
7%
$420,000
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $670k (Apr 21 2021)
Last sale anchor
$670k
Apr 21 2021
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
$255 / 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
$6,008
Tax year 2024
Assessed value
$675,000
Assessed 2024
Previous assessed
$675,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$393,800
Assessed improvement
$281,200
Land market value
$393,800
Improvement market value
$281,200
Total market value
$675,000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1975
Heating
NONE
Buildings
1
Stories
1
Total area
2,273 SF
Lot
0.72 ac (31,189 SF)
Zoning code
B3
APN
220 07 004
UPID
US87-1618485
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.
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Stories
1
Buildings
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Raap LLC
Entity
Mailing address
1016 MIDDLE VW DR, FOREST, VA 24551-4594
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2021
$670,000
Raap LLC
Rp LLC Virginia LLC
Deed
$667,000 · Bank Of George
Jan 18, 2011
$257,500
Rp LLC Of Va
Mehul V Patel
Deed
$79,200 · Blue Ridge LLC
Jan 19, 2007
—
Mehul V Patel
Blue Ridge L L C
Special Warranty Deed
$257,500 · Blue Ridge L L C
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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