Property profile

502 Leesville Rd Lynchburg, VA 24502

OFF-MARKET
Turn key restaurants
Property ID
US87-1721329
3,200 SF 0.17 ac lot Built 1955
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1955
Total area 3,200 SF
Lot 0.17 ac (7,318 SF)
Zoning code B3
APN 248 10 002
UPID US87-1721329

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
  • Bank Credit Union
  • Restaurant

Location

502 Leesville Rd Lynchburg, VA 24502-2329
Lynchburg metro Census 1603 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2019
2 recorded transactions
2019
$791,680
2006
Price N/A

Zoning & alternative use

B3 · Lynchburg, VA
Zoning description

The B-3 district is intended to provide for office, retail and service uses meeting the needs of the community as a whole

General category COMMERCIAL

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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