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Property profile & analytics
OFF-MARKET
Estimated value
$1,820,000
Retail properties & Spaces
3409 Candlers Mtn Rd Lynchburg, VA 24502-2231
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1810758
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1982
Total area
86,197 SF
Lot
6.81 ac (296,469 SF)
Zoning code
B5
APN
162 06 009
UPID
US87-1810758
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
-
JCPenney Department Store
-
JCPenney Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.82M
Owner & transaction history
Penny Property Sub Holdings LLC · 5 yrs held
Penny Property Sub Holdings LLC
since 2021
Last sale
$1.9M
1 recorded transaction
Zoning & alternative use
B5 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The B-5 district is intended to provide for a variety of commercial and similar uses that require large sites and which often produce substantial nuisance effects
Zone name
General Business District
General category
COMMERCIAL
Zone area
1,269.55 ac
Source
Realmo
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
$1,640,000
ML approach
$1,905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.82M
Range $1.64M – $2.00M · ±10% · vs last sale $1.87M (Jan 4 2021)
Last sale anchor
$1.87M
Jan 4 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
$21 / 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
$45,862
Tax year 2024
Assessed value
$5,153,000
Assessed 2024
Previous assessed
$5,153,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$2,382,100
Assessed improvement
$2,770,900
Land market value
$2,382,100
Improvement market value
$2,770,900
Total market value
$5,153,000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1982
Heating
NONE
Buildings
1
Stories
1
Total area
86,197 SF
Lot
6.81 ac (296,469 SF)
Zoning code
B5
APN
162 06 009
UPID
US87-1810758
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
B5 · Lynchburg, VAZoning B5 · permitted uses
B5 · Lynchburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The B-5 district is intended to provide for a variety of commercial and similar uses that require large sites and which often produce substantial nuisance effects
Zone name
General Business District
General category
COMMERCIAL
Zone area
1,269.55 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1982
Heating
NONE
Stories
1
Buildings
1
Lot
6.81 ac
Current owner
From public records · entity-resolved
Penny Property Sub Holdings LLC
Entity
Mailing address
6501 S LEGACY DR STE B100, PLANO, TX 75024-4161
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2021
$1,870,000
Penny Property Sub Holdings LLC
Jc Pennney Properties LLC
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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