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3225 Old Forest Rd Lynchburg, VA 24501

Retail space Google Maps
2,882 SF 0.53 ac lot Built 1971
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
3225 Old Forest Rd, Lynchburg, VA 24501 For Sale
$975,000 2,882 SF
3225 Old Forest Rd, Lynchburg, VA 24501
View Listing →
Estimated value (blended)
$305k
Range $275k – $336k (±10%)
Property ID US87-1695621

Property summary

AI-generated overview

This exceptional investment opportunity presents a 2,882 square foot office building situated on a 0.53-acre lot in Lynchburg, Virginia. The property boasts a prime location on Old Forest Road, directly fronting the street and benefiting from high visibility and traffic counts. Its strategic placement as a Walmart Supercenter outparcel at a signalized intersection ensures significant exposure to a large customer base. The property includes convenient shared parking with Walmart, a drive-thru, and multiple points of access for easy ingress and egress. Its proximity to Route 501 further enhances its accessibility and desirability. The building currently has a lease in place, providing a steady income stream until March 2026. This presents a compelling opportunity for investors seeking a well-located, income-producing asset in a thriving commercial area with numerous surrounding retail establishments, restaurants, and offices. The asking price for this exceptional property is $975,000. This is a rare chance to acquire a property with such strong fundamentals in a desirable Lynchburg location. The property is classified as both Office and Land, offering flexibility for future development or continued operation as a commercial space. The zip code is 24501.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1971
Total area 2,882 SF
Lot 0.53 ac (23,087 SF)
Zoning code B3
APN 220 04 007
UPID US87-1695621

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
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2019
1 recorded transaction
2019
$625,000

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

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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