4201 Murray Pl Lynchburg, VA 24501-5007
This expansive industrial property at 4201 Murray Place offers 403,900 square feet of versatile space, ideal for various industrial uses. The property features a mix of warehouse, manufacturing, refrigerated/cold storage, and flex space, with a minimum divisible unit of 6,875 square feet. Currently, 157,039 square feet are available for lease, including 56,830 square feet of lower-level warehouse space and 39,298 square feet of second-floor office space. The building boasts 32 loading docks and 8 drive-in doors, ensuring efficient operations. Ceiling heights vary from 14 feet in the basement to 58 feet in the pre-engineered area, with other areas at 18, 22, 24, and 32 feet. The two-story building includes one elevator for convenient access. Construction materials include concrete, cinder block, and insulated metal walls, with reinforced concrete floors in the warehouse areas and tiled and carpeted offices. The roof is a combination of tar and gravel, single-ply, and metal. The property features a robust power supply of 13,200 volts and 8 megawatts. Extensive parking is available, with 532 vehicle spaces and 62 trailer parking slots. The 49.66-acre site is zoned I-3 (Heavy Industrial) and includes two rail spurs with interior loading, capable of handling six cars, serviced by Norfolk Southern. The building has a 100% wet fire suppression system and fluorescent lighting throughout. Built in 1970 and renovated multiple times, this property offers a blend of established infrastructure and modern functionality. The lease type is NNN.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I3 · Lynchburg, VALynchburg. Always verify with local authorities before improvements.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.