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    Property profile & analytics

    3617 Old Forest Rd Lynchburg, VA 24501

    • Medical offices
    • 4,818 SF
    • 1.07 lot acres
    For Sale
    View listing
    $1,325,000
    Value Estimation
    Last Sale
    May 05, 2025
    $1,100,000
    Location Intelligence
    Property ID
    US87-1732815
    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.

    Current Use by Public Records

    • Medical offices

    Property Details for 3617 Old Forest Rd

    Year built
    1991
    Construction
    FRAME
    Lot size
    1.07 lot acres
    Property size
    4,818 SF
    Zone code
    B1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    227 15 001
    APU
    22715001

    Description

    This exceptional 4,818-square-foot medical office building presents a unique investment opportunity. Situated on a 1.066-acre lot at the corner of a well-established commercial corridor, this single-tenant property offers unparalleled convenience and visibility. Built in 1991 and extensively renovated in 2020, the building boasts a modern layout ideal for medical practices. The current configuration includes spacious waiting and reception areas, multiple exam rooms, nurses' stations, private offices, a combined conference/break room, and six restrooms. Ample parking is provided with 48 spaces in a large, paved lot. The property is zoned B-1 Business, ensuring flexibility for a variety of uses. The existing medical practice is relocating, making this a turnkey opportunity for an immediate move-in. The property's central location and convenient access points make it highly desirable. The building features a single story and is situated on a parcel with a total area of 1.06 acres, identified by APN 22715001 and cross-street Primrose Lane. This property is available for both sale and lease.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,165,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,150,000
      6.5%
      $1,060,000
      7%
      $1,080,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $950,000
      Geo Method
      $1,055,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,290,000
      Retail
      $1,295,000
      Mixed-Use
      $1,225,000
      Hospitality
      $1,375,000
      Educational
      $1,385,000
      Residential Income
      $1,260,000
      Energy
      $1,265,000
      Income-Based Land
      $1,050,000
      Food Service
      $1,135,000

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg City
    State
    Virginia
    Longitude
    -79.217
    Latitude
    37.4075
    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
    $9,400
    $319,800
    $736,400
    $1,056,200
    -
    $319,800
    $736,400
    $1,056,200

    Comparable in this City

    • Value Estimation by Request
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      2229 Murrell Rd, Lynchburg, VA 24501-2131
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      1914 Thomson Dr

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      1914 Thomson Dr, Lynchburg, VA 24501-1009
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      5,463 SF

      2919 Confederate Ave

      MEDICAL BUILDING • 5,463 SF
      2919 Confederate Ave, Lynchburg, VA 24501-2435
      View Details
    • Value Estimation
      $415,000
      7,899 SF

      2255 Langhorne Rd

      MEDICAL BUILDING • 7,899 SF
      2255 Langhorne Rd, Lynchburg, VA 24501-1117
      View Details
    • Value Estimation
      $440,000
      2,016 SF

      2091 Langhorne Rd, Unit 2

      MEDICAL BUILDING • 2,016 SF
      2091 Langhorne Rd, Lynchburg, VA 24501-1428
      View Details

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    Similar Nearby for Lease

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    • $16 SF/Yr
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    • $14 SF/Yr
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    3617 Old Forest Rd
    Lynchburg, VA 24501
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
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