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Property profile & analytics

400 5Th St Lynchburg, VA 24504

  • Commercial real estate
  • 8,556 SF
  • 0.10 lot acres
For Sale
Last Sale
Sep 01, 2023
$925,000
Value Estimations
Cap Rate Potential
6.7%
Commercial real estate
Location Intelligence
Property ID
US87-1551284
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

  • Cosmopolitan Barber Shop / School

Property Details for 400 5Th St

Year built
1927
Construction
FRAME
Lot size
0.10 lot acres
Property size
8,556 SF
Zone code
B6
Property type
Commercial real estate
APN
024 20 006
APU
2420006

Description

This exceptional 14,000-square-foot retail property, located at 400 5th St & Court St in Lynchburg, Virginia (zip code 24504), presents a significant opportunity for businesses seeking high visibility and ample space. The entire building is currently vacant, offering a blank canvas for a single tenant to customize to their specific needs. The property boasts excellent street frontage and visibility, ensuring maximum exposure to potential customers. Convenient on-site parking is available for both employees and patrons. The building is classified as a single-tenant commercial property within Lynchburg City County. This location offers a strategic advantage for businesses seeking to establish a strong presence in a thriving area of Lynchburg. The property's size allows for flexibility, with the possibility of dividing the space to accommodate multiple smaller tenants (though currently listed as a single-tenant space). Interested parties are encouraged to explore the potential of this remarkable retail space and its prime location in Lynchburg, Virginia. The property's coordinates are 37.4168045 latitude and -79.1471365 longitude. This is a rare opportunity to secure a substantial retail presence in a desirable Lynchburg location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $965,000
    ML approach
    $995,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $1,080,000
    6.5%
    $1,000,000
    7%
    $930,000

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


Location Insight

  • Map
  • Local Demand
City
Lynchburg
County
Lynchburg City
State
Virginia
Longitude
-79.1471
Latitude
37.4169
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
$2,531
$65,300
$219,100
$284,400
-
$65,300
$219,100
$284,400
More about this property
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