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Property profile & analytics
OFF-MARKET
Estimated value
$3,765,000
Retail properties & Spaces
4026 Wards Rd Ste B Lynchburg, VA 24502-2977
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1592279
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2000
Total area
19,410 SF
Lot
1.91 ac (83,069 SF)
Zoning code
B5C
APN
257 05 015
UPID
US87-1592279
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
-
UPS Access Point location Courier Service Postal Service
-
The Good Feet Store Orthotics & Prosthetics Service
-
GameStop Arcade & Gaming Center Electronics & Wireless Store
-
Lane Bryant Clothing & Fashion Store
-
Rack Room Shoes Clothing & Fashion Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.63M
Comparable Approach
Comparable
$4.60M
Blend (final)
Blend
$3.77M
Owner & transaction history
Bradley A Luster · 5 yrs held
Bradley A Luster
since 2020
Last sale
$3.8M
2 recorded transactions
Zoning & alternative use
B5C · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.6M
+47.2%
Restaurant
$4.1M
+30.3%
Auto repair, garage
$3.9M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,925,000
6.5%
$3,625,000
7%
$3,365,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,155,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,645,000
Change: +47% · Conversion: Difficult
RESTAURANT
$4,110,000
Change: +30% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,945,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$3,460,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,995,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$3.77M
Range $3.39M – $4.14M · ±10% · vs last sale $3.80M (Oct 22 2020)
Last sale anchor
$3.80M
Oct 22 2020
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
$194 / 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
$34,968
Tax year 2024
Assessed value
$3,929,000
Assessed 2024
Previous assessed
$3,929,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$1,239,600
Assessed improvement
$2,689,400
Land market value
$1,239,600
Improvement market value
$2,689,400
Total market value
$3,929,000
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
19,410 SF
Lot
1.91 ac (83,069 SF)
Zoning code
B5C
APN
257 05 015
UPID
US87-1592279
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
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.6M
RESTAURANT
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.0M
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
1.91 ac
Current owner
From public records · entity-resolved
Bradley A Luster
Individual
Mailing address
19601 N 27TH AVE, PHOENIX, AZ 85027-4008
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2020
$3,800,000
Bradley A Luster
Sbmc Lynchburg LLC
Special Warranty Deed
—
May 23, 2005
—
Sbmc Lynchburg LLC
3773 Investments
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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