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Property profile & analytics
OFF-MARKET Estimated value $3,940,000
Warehouses

37 Millrace Dr Lynchburg, VA 24502-4343

80,000 SF 11.18 ac lot Built 1995
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US87-1651480
Property summary
AI-generated overview

This exceptional 7,917 square foot industrial property in Lynchburg City is perfect for a single tenant seeking a blend of warehouse and office space. The building features a spacious 3,865 square foot warehouse area, boasting a 24-foot eave height, three 8x8-foot dock doors, a comprehensive sprinkler system, energy-efficient LED lighting, a backup generator for reliable power, and 24/7 security and access for peace of mind. The warehouse space is fully conditioned, ensuring a comfortable and productive work environment year-round. In addition to the warehouse, the property includes 4,052 square feet of fully conditioned office space, designed with modern finishes. This office area offers a flexible layout incorporating a mix of private offices and cubicles, catering to diverse business needs and team structures. The property is classified as Industrial, Land, and is categorized as a Warehouse, Flex, and Commercial space. The single-tenant occupancy makes this an ideal solution for businesses seeking a dedicated and secure location. This property is located at 37 Millrace Drive in Lynchburg City County. The property's combination of warehouse and office space, coupled with its advanced features and security, presents a compelling opportunity for a variety of businesses.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1995
Total area 80,000 SF
Lot 11.18 ac (487,131 SF)
Zoning code I2
APN 242 13 012
UPID US87-1651480
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
  • M & W Printers Inc (Bike/Boat/Book/etc) Store Printing Service
  • BMS Direct Marketing & Advertising Advertising Agency
  • Warehouse (Magazines/Jcrew) Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.72M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.18M
Blend (final) Blend
$3.94M
Owner & transaction history
Gator Properties LLC · 5 yrs held
Gator Properties LLC
since 2020
Last sale
$3.0M
1 recorded transaction
2020
$3.0M
Zoning & alternative use
I2 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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