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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Medical Office Space
3709 Old Frst Rd Lynchburg, VA 24501-6902
Entity Owned
1-yr Hold
Free & Clear
Property ID
US87-1704584
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
FRAME
Total area
5,693 SF
Lot
1.06 ac (45,999 SF)
Zoning code
B1
APN
226 02 004
UPID
US87-1704584
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
-
Riley Dental Associates Dental Office
-
Yes Appliance Repair Home Appliance Store
-
Jeffrey Riley Dental Office
-
Dr. Jenna Chalk Dental Office
-
Bradley Hammitt Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.73M
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.60M
Owner & transaction history
Greatest Commandment Properties LLC · 1 yrs held
Greatest Commandment Properties LLC
since 2025
Last sale
$1.6M
4 recorded transactions
Zoning & alternative use
B1 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The B-1 district is intended to provide for office, retail, restaurant and service uses that are compatible with nearby residential areas because they are in scale with adjacent neighborhood development and have pedestrian oriented designs
Zone name
Limited Business District
General category
COMMERCIAL
Zone area
482.54 ac
Source
Realmo
Top alternative use upside
Restaurant
$1.2M
+18.9%
Auto repair, garage
$1.2M
+14.1%
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
$1,695,000
ML approach
$1,730,000
CAP Approach
CAP Return
Estimation
6%
$1,180,000
6.5%
$1,090,000
7%
$1,010,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,015,000
Current use
RESTAURANT
$1,205,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,155,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10% · vs last sale $1.60M (Jan 3 2025)
Last sale anchor
$1.60M
Jan 3 2025
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
$281 / 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
$11,499
Tax year 2024
Assessed value
$1,292,000
Assessed 2024
Previous assessed
$1,292,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$316,800
Assessed improvement
$975,200
Land market value
$316,800
Improvement market value
$975,200
Total market value
$1,292,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Construction
FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
5,693 SF
Lot
1.06 ac (45,999 SF)
Zoning code
B1
APN
226 02 004
UPID
US87-1704584
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
B1 · Lynchburg, VAZoning B1 · permitted uses
B1 · Lynchburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The B-1 district is intended to provide for office, retail, restaurant and service uses that are compatible with nearby residential areas because they are in scale with adjacent neighborhood development and have pedestrian oriented designs
Zone name
Limited Business District
General category
COMMERCIAL
Zone area
482.54 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.0M
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
Greatest Commandment Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3709 OLD FRST RD, LYNCHBURG, VA 24501-6902
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2025
$1,600,000
Greatest Commandment Properties LLC
Dovetailed LLC
Bargain & Sale Deed
—
Jan 4, 2019
$1,600,000
Dovetailed LLC
Jc Holdings Lc
Deed
$1,600,000 · Bank Of The James
Aug 29, 2006
—
J C Holdings
Mcgrath Properties LLC
Deed
$286,789 · Bank Of The James
May 10, 2006
—
Mcgrath Properties LLC
Raymond A Jaeger Ltd P C
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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