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Property profile & analytics
OFF-MARKET
Estimated value
$4,140,000
Retail properties & Spaces
4024 Wards Rd Ste C Lynchburg, VA 24502-2496
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US87-1486531
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2000
Total area
23,856 SF
Lot
2.66 ac (116,000 SF)
Zoning code
B5C
APN
257 05 012
UPID
US87-1486531
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
-
Best Buy Electronics & Wireless Store
-
Geek Squad Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.14M
CAP Approach
CAP
$4.46M
Comparable Approach
Comparable
$5.65M
Blend (final)
Blend
$4.14M
Owner & transaction history
WARDS ROAD LLC & WARDS ROAD2 LLC · 2 yrs held
WARDS ROAD LLC & WARDS ROAD2 LLC
since 2024
Last sale
$4.1M
1 recorded transaction
Zoning & alternative use
B5C · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.7M
+47.2%
Restaurant
$5.1M
+30.3%
Auto repair, garage
$4.8M
+25.0%
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
$4,140,000
ML approach
$4,140,000
CAP Approach
CAP Return
Estimation
6%
$4,825,000
6.5%
$4,455,000
7%
$4,135,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,880,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,710,000
Change: +47% · Conversion: Difficult
RESTAURANT
$5,055,000
Change: +30% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,845,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$4,250,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,680,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$4.14M
Range $3.73M – $4.55M · ±10% · vs last sale $4.14M (May 29 2024)
Last sale anchor
$4.14M
May 29 2024
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
$174 / 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
$37,647
Tax year 2024
Assessed value
$4,230,000
Assessed 2024
Previous assessed
$4,230,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$1,730,900
Assessed improvement
$2,499,100
Land market value
$1,730,900
Improvement market value
$2,499,100
Total market value
$4,230,000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2000
Heating
NONE
Buildings
1
Stories
1
Total area
23,856 SF
Lot
2.66 ac (116,000 SF)
Zoning code
B5C
APN
257 05 012
UPID
US87-1486531
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
B5C · Lynchburg, VAZoning B5C · permitted uses
B5C · Lynchburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
RESTAURANT
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$4.8M
MEDICAL BUILDING
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$3.7M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2000
Heating
NONE
Stories
1
Buildings
1
Lot
2.66 ac
Current owner
From public records · entity-resolved
WARDS ROAD LLC & WARDS ROAD2 LLC
Entity
Mailing address
1577 N SPG HL RD STE #410, VIENNA, VA 22182-2223
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2024
$4,140,000
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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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