3617 Old Frst Rd Lynchburg, VA 24501
Property profile & analytics
3617 Old Frst Rd Lynchburg, VA 24501
- Medical Office Space
- 4,818 SF
- 1.07 lot acres
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.
Location Intelligence
Current Use by Public Records
- Medical Office Space
Property Details for 3617 Old Frst Rd
- Year built
- 1991
- Construction
- FRAME
- Lot size
- 1.07 lot acres
- Property size
- 4,818 SF
- Zone code
- B1
- Property type
- Medical Office Space
- 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 Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,165,000
- ML approach
- $1,270,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,000,000
- 6.5%
- $920,000
- 7%
- $855,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,166,000
Market price range: $534k - $1.17M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $860,000 Current use
- AUTO REPAIR, GARAGE
- $980,000 Change: +14% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
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
