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    3405 Candlers Mountain Rd Lynchburg, VA 24502
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    Property profile & analytics

    3405 Candlers Mountain Rd, Lynchburg, VA 24502

    View on Map
    • Community centers
    • 400,209 SF
    • 26.87 lot acres
    For Lease
    $5,600,000
    View Listing →
    Retail Space in River Ridge For Lease
    $5,600,000

    Retail Space in River Ridge

    Retail, restaurant, and entertainment space in open-air shopping destination.

    3405 Candlers Mountain Rd, Lynchburg, VA 24502
    View Listing
    Property ID
    US87-1559518
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chick-fil-A / Take-out & Catering / Catering Service
    • Hairmasters / Hair Salon / Nail Salon
    • JL nails & spa / Nail Salon
    • Planet Fitness / Gym & Fitness Center
    • Hot Topic / Music Store / Novelty Store

    Property Details for 3405 Candlers Mountain Rd

    Year built
    1980
    Lot size
    26.87 lot acres
    Zone code
    B5
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    162 06 001
    APU
    16206001

    Description

    This exceptional opportunity presents multiple restaurant and retail spaces for lease within the vibrant West End District at River Ridge in Lynchburg, Virginia. Located at 3405 Candlers Mountain Rd, zip code 24502, this development offers a contemporary, open-air shopping experience, complementing the existing 781,832 square foot River Ridge shopping destination. The West End District is designed to create a dynamic environment featuring retail, restaurants, and entertainment options centered around a public plaza and event lawn, ideal for community gatherings and year-round programming. Available spaces range from 2,080 square feet to 6,658 square feet, providing flexibility for various business concepts. The property boasts ample parking with a total of 4,380 spaces, ensuring convenient access for customers and employees. This is a unique chance to establish a presence in a thriving, well-established commercial district with significant foot traffic and visibility. The property is categorized as an outparcel and free-standing building, offering excellent exposure and independent access. The multiple tenancy structure allows for diverse business opportunities within the same development. This prime location in Lynchburg, VA offers a strong potential for growth and success. Contact us today to learn more about leasing options and secure your space in this exciting development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg City
    State
    Virginia
    Longitude
    -79.1782
    Latitude
    37.3646
    CBSA code
    31340
    CBSA name
    LYNCHBURG, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $417,650
    $9,414,000
    $37,513,000
    $46,927,000
    -
    $9,414,000
    $37,513,000
    $46,927,000

    Comparable in this City

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      14,965 SF

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      2100 Wards Rd

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      2300 Wards Rd

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      2300 Wards Rd, Lynchburg, VA 24502-2142
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      25,660 SF

      3901 Wards Rd

      MINI-MALL
      3901 Wards Rd, Lynchburg, VA 24502-3007
      View Details
    • Value Estimation
      $2,275,000
      112,800 SF

      3385 Candlers Mtn Rd

      MINI-MALL
      3385 Candlers Mtn Rd, Lynchburg, VA 24502-2222
      View Details
    • Value Estimation
      $6,085,000
      12,798 SF

      4010 Wards Rd

      MINI-MALL
      4010 Wards Rd, Lynchburg, VA 24502-4938
      View Details

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      Lynchburg Restaurant Investment Opportunity

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      Wyndhurst Development Office and Retail

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      Commercial Building on Timberlake Road

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    Similar Nearby for Lease

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      4,729 SF

      Retail Space in Wards Crossing

      Retail space available in Lynchburg's Wards Crossing shopping center.
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      2,075 SF

      Retail Space in Lynchburg Center

      2,075 SF outparcel building in a shopping center.
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      7,100 SF

      Restaurant Building on Corner Parcel

      7,100 SF restaurant on 1.48 AC corner parcel for rent.
      2819 Candlers Mountain Rd, Lynchburg, VA 24502
      View Details
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      Retail Center Near Liberty University

      Retail spaces available on Wards Road near Liberty University.
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      Wards Road Retail Opportunity

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      Retail and Office Spaces Available

      Retail and office spaces for lease in Lynchburg, Virginia.
      7713 Timberlake Rd, Lynchburg, VA 24502
      View Details
    View Listing
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    Lynchburg, VA 24502
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    3405 Candlers Mountain Rd, Lynchburg, VA, 24502
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