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    3908 Campbell Ave Lynchburg, VA 24501-4708
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    Property profile & analytics

    3908 Campbell Ave Lynchburg, VA 24501-4708

    View on Map
    • Drug stores
    • 11,991 SF
    • 1.88 lot acres
    Off-Market
    Last Sale May 20, 2025
    $2,705,145
    Property ID
    US87-1631235
    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.
    Value Estimations
    $2,075,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CVS Photo / (Bike/Boat/Book/etc) Store
    • Buy Bitcoin / Crypto Atm
    • CVS Pharmacy / Pharmacy
    • UPS Access Point location / Courier Service / Postal Service
    • Zachary Hall / Pharmacy

    Property Details for 3908 Campbell Ave

    Year built
    2010
    Lot size
    1.88 lot acres
    Property size
    11,991 SF
    Zone code
    B5
    Property type
    Drug stores
    APN
    111 17 003
    APU
    11117003

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,425,000
      6.5%
      $2,240,000
      7%
      $2,080,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,481,000
      Market price range: $378k - $1.48M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,540,000
      AUTO REPAIR, GARAGE
      $2,435,000
      MEDICAL BUILDING
      $2,135,000
      COMMERCIAL (GENERAL)
      $1,440,000
      APARTMENT HOUSE (5+ UNITS)
      $1,265,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg City
    State
    Virginia
    Longitude
    -79.1331
    Latitude
    37.3795
    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
    $28,053
    $844,700
    $2,307,300
    $3,152,000
    -
    $844,700
    $2,307,300
    $3,152,000

    Comparable in this City

    • Value Estimation
      $1,210,000
      10,113 SF

      2259 Langhorne Rd

      DRUG STORE, PHARMACY • 10,113 SF
      2259 Langhorne Rd, Lynchburg, VA 24501-1114
      View Details
    • Value Estimation by Request
      1.77 Acres

      3401 Odd Fellows Rd

      FINANCIAL BUILDING • 1.77 Acres
      3401 Odd Fellows Rd, Lynchburg, VA 24501-5015
      View Details
    • Value Estimation by Request
      4,042 SF

      2410 12th St

      RETAIL STORES (PERSONAL SERVICES) • 4,042 SF
      2410 12th St, Lynchburg, VA 24501-5706
      View Details
    • Value Estimation by Request
      1,724 SF

      2612 Campbell Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,724 SF
      2612 Campbell Ave, Lynchburg, VA 24501-4302
      View Details
    • Value Estimation by Request
      3,254 SF

      1531 Park Ave

      CONVENIENCE STORE • 3,254 SF
      1531 Park Ave, Lynchburg, VA 24501-1827
      View Details
    • Value Estimation by Request
      5,718 SF

      1624 Park Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,718 SF
      1624 Park Ave, Lynchburg, VA 24501-1830
      View Details

    Similar Nearby for Sale

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      10,113 SF

      Retail Building on Corner Lot

      10,113 SF building on 1.106 AC corner lot.
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      2,230 SF

      Renovated Retail/Office with Drive-Through

      2,230 SF renovated retail/office space with drive-through for sale.
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      4,670 SF building in high-traffic area, ideal for business.
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      4,000 SF

      Retail Property in Lynchburg, VA

      Retail property available for sale in Lynchburg, Virginia.
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      2,230 SF

      Renovated Retail/Office Building with Drive-Through

      2,230 SF renovated retail/office building with drive-through in Lynchburg.
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    Similar Nearby for Lease

    • $16 SF/Yr
      910 SF

      Office/Retail Space on Old Forest

      910 Sq. Ft. office/retail unit in highly visible location.
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    • $32 SF/Yr
      2,400 SF

      Retail Space Near Liberty University

      Retail space with high visibility near Liberty University.
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      Retail/Office Space Available

      Single tenant retail or office space for rent.
      2608 Lakeside Dr, Lynchburg, VA 24501
      View Details
    • $12 SF/Yr
      700 SF

      +/- 700 SF Office Space For Lease

      +/- 700 SF Office Space For Lease
      3622 Old Forest Road, Lynchburg, VA 24501
      View Details
    • Contact for pricing
      4,300 SF

      Office/Retail Space Near University

      Office/retail space for rent near the University of Lynchburg.
      254 Oakley Ave, Lynchburg, VA 24501
      View Details
    • Contact for pricing
      2,000 SF

      Office/Retail Space Near University

      Office/retail space for rent near the University of Lynchburg.
      258 Oakley Ave, Lynchburg, VA 24501
      View Details
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    Lynchburg, VA 24501-4708
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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