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Property profile & analytics
OFF-MARKET
Estimated value
$18,610,000
Retail properties & Spaces
3227 Old Frst Rd Lynchburg, VA 24501-2325
Trust Owned
17-yr Hold
Free & Clear
Property ID
US87-1470436
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2010
Total area
185,130 SF
Lot
32.86 ac (1,431,599 SF)
Zoning code
B-3
APN
220 04 003
UPID
US87-1470436
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
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
Walmart Pet Services Kennel & Boarding Facility
-
TNT Fireworks Department Store
-
Ria Money Transfer - Walmart Bank Credit Union
-
Walmart Tech Services Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.27M
Blend (final)
Blend
$18.61M
Owner & transaction history
Wal Mart Real Estate Business Trust · 17 yrs held
Wal Mart Real Estate Business Trust
since 2008
2 recorded transactions
Zoning & alternative use
B-3 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$22.2M
+63.4%
Apartment house (5+ units)
$19.6M
+43.9%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$13,600,000
Current use
COMMERCIAL (GENERAL)
$22,225,000
Change: +63% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$19,565,000
Change: +44% · Conversion: Difficult
WAREHOUSE, STORAGE
$11,255,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$18.61M
Range $16.75M – $20.47M · ±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
$101 / 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
$151,502
Tax year 2024
Assessed value
$17,022,700
Assessed 2024
Previous assessed
$17,022,700
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$7,519,100
Assessed improvement
$9,503,600
Land market value
$7,519,100
Improvement market value
$9,503,600
Total market value
$17,022,700
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2010
Heating
NONE
Buildings
1
Stories
1
Total area
185,130 SF
Lot
32.86 ac (1,431,599 SF)
Zoning code
B-3
APN
220 04 003
UPID
US87-1470436
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
B-3 · Lynchburg, VA
Zoning B-3 · permitted uses
B-3 · 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
RETAIL STORES Current
Est. value
$13.6M
COMMERCIAL (GENERAL)
Est. value
$22.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$19.6M
WAREHOUSE, STORAGE
Est. value
$11.3M
RETAIL STORES Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
2010
Heating
NONE
Stories
1
Buildings
1
Lot
32.86 ac
Current owner
From public records · entity-resolved
Wal Mart Real Estate Business Trust
Trust
Free & Clear · 17 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
2008
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
Dec 31, 2008
$8,200,000
Wal Mart Real Estate Business Trust
George C Walker JR
Warranty 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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