Property profile

408 Federal St Lynchburg, VA 24504

OFF-MARKET
Retail space
Property ID
US87-1470048
8,144 SF 0.81 ac lot Built 2016
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

The property is an 8,144-square-foot commercial building constructed in 2016, historically used as a Family Dollar, situated on a 0.807-acre corner parcel at the roundabout intersection of Fifth Street and Federal Street in Lynchburg, near downtown. The site includes a paved parking lot with 25 spaces and is served by public water and sewer, with 400A 3-phase electrical service. The building is positioned across from the Centra Health 5th Street Community Health Center, the Centra PACE facility, and the Johnson Health Center. The property is adaptable for a variety of commercial uses and is located within an Opportunity Zone, Enterprise Zone, and Revitalization Zone.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2016
Total area 8,144 SF
Lot 0.81 ac (35,153 SF)
Zoning code B6
APN 024 10 001
UPID US87-1470048

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Discount Store

Location

408 Federal St Lynchburg, VA 24504-2424
Lynchburg metro Census 600 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
$608k
Blend (final) Blend
$575k

Owner & transaction history

since 2026
Last sale
$650,000
5 recorded transactions
2026
$650,000
2020
Price N/A
2016
$1.9M
2014
$40,000
2006
Price N/A

Zoning & alternative use

B6 · Lynchburg, VA

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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