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Property profile & analytics

37 Millrace Dr Lynchburg, VA 24502-4343

  • Warehouses
  • 80,000 SF
  • 11.18 lot acres
OFF-MARKET
Last Sale
Dec 22, 2020
$3,000,000
Value Estimations
$3,940,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US87-1651480
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

  • M & W Printers Inc / Print Shop
  • BMS Direct / Direct Mail Advertising
  • Warehouse (Magazines/Jcrew) / Warehouse

Property Details for 37 Millrace Dr

Year built
1995
Lot size
11.18 lot acres
Property size
80,000 SF
Zone code
I2
Property type
Warehouses
APN
242 13 012
APU
24213012

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $4,810,000
    ML approach
    $4,720,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $4,175,000
    Market price range: $1.76M - $6.79M
  • Alternative Use

    Use
    Estimation
    WAREHOUSE, STORAGE
    $4,865,000
    Current use

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


Location Insight

  • Map
  • Local Demand
City
Lynchburg
County
Lynchburg City
State
Virginia
Longitude
-79.2362
Latitude
37.3704
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
$34,585
$514,800
$3,371,200
$3,886,000
-
$514,800
$3,371,200
$3,886,000
More about this property
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