New search
Property profile & analytics
FOR SALE
Turn key restaurants
4042 Wards Rd, Lynchburg, VA 24502
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US87-1713015
For Sale
1 / 3
$4,348,000
4042 Wards Rd, Lynchburg, VA 24502
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2001
Total area
7,323 SF
Lot
2.61 ac (113,866 SF)
Zoning code
B5C
APN
257 05 017
UPID
US87-1713015
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Central Mall Partnership
Central Mall Partnership
since 2026
Last sale
$2.7M
4 recorded transactions
Zoning & alternative use
B5C · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$26,756
Tax year 2024
Assessed value
$3,006,300
Assessed 2024
Previous assessed
$3,006,300
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$1,661,400
Assessed improvement
$1,344,900
Land market value
$1,661,400
Improvement market value
$1,344,900
Total market value
$3,006,300
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
2001
Heating
NONE
Buildings
1
Stories
1
Total area
7,323 SF
Lot
2.61 ac (113,866 SF)
Zoning code
B5C
APN
257 05 017
UPID
US87-1713015
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
B5C · Lynchburg, VA
Zoning B5C · permitted uses
B5C · Lynchburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lynchburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Stories
1
Buildings
1
Lot
2.61 ac
Current owner
From public records · entity-resolved
Central Mall Partnership
Entity
Mailing address
3038 SIDCO DR, NASHVILLE, TN 37204-4506
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2026
—
Central Mall Partnership
—
Deed
related
$1,700,000 · First National Bank Of Pennsylvania
Mar 6, 2026
$4,200,000
Central Mall Partnership
4042 Wards Road LLC
Special Warranty Deed
—
Jan 22, 2025
$2,700,000
4042 Wards Road LLC
Store Spe O Charleys LLC
Special Warranty Deed
$2,400,000 · Wintrust Bank
Oct 20, 2011
$1,996,689
Store Spe Ocharleys LLC
O Charleys INC
Special Warranty 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
