Property profile

3309 Old Frst Rd Lynchburg, VA 24501

OFF-MARKET
Drive through restaurants
Property ID
US87-1368700
3,374 SF 0.39 ac lot Built 1974
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1974
Total area 3,374 SF
Lot 0.39 ac (16,988 SF)
Zoning code B3
APN 220 16 008
UPID US87-1368700

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
  • Cafe & Coffee Shop

Location

3309 Old Frst Rd Lynchburg, VA 24501-2912
Lynchburg metro Census 204 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2018
2 recorded transactions
2018
$1.8M
2016
$480,000

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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