Property profile

4005 Murray Pl Lynchburg, VA 24501

OFF-MARKET
Parking lots & garages
Property ID
US87-1674806
19,200 SF 1.55 ac lot Built 1993
Entity Owned 1-yr Hold Free & Clear
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Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1993
Total area 19,200 SF
Lot 1.55 ac (67,605 SF)
Zoning code B5
APN 052 01 008
UPID US87-1674806

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4005 Murray Pl Lynchburg, VA 24501
Lynchburg metro Census 1400 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.30M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.30M

Owner & transaction history

since 2024
Last sale
$3.3M
2 recorded transactions
2024
$3.3M
2021
$3.4M

Zoning & alternative use

B5 · Lynchburg, VA
Zoning description

The B-5 district is intended to provide for a variety of commercial and similar uses that require large sites and which often produce substantial nuisance effects

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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