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Property profile & analytics
OFF-MARKET Estimated value $6,370,000
Manufacturing properties

4201 Murray Pl Lynchburg, VA 24501-5007

648,468 SF 50.9 ac lot Built 1970
Individually Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US87-1429039
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1970
Total area 648,468 SF
Lot 50.9 ac (2,217,160 SF)
Zoning code I3
APN 052 01 001
UPID US87-1429039
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
  • Phoenix Logistics Storage Facility
  • Hill City Awning Co Building Supply Hardware & Home Improvement
  • Best Lynchburg Movers Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.37M
Owner & transaction history
Phoenix Jcr Lynchburg Industrial In · 3 yrs held
Phoenix Jcr Lynchburg Industrial In
since 2022
3 recorded transactions
2023
Price N/A
2022
Price N/A
2020
$7.7M
Zoning & alternative use
I3 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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