Property profile

514 5th St Lynchburg, VA 24504

OFF-MARKET
Retail space
Property ID
US87-1738145
5,920 SF 0.22 ac lot Built 1883
Entity Owned 15-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1883
Construction FRAME
Total area 5,920 SF
Lot 0.22 ac (9,453 SF)
Zoning code B6
APN 024 21 002
UPID US87-1738145

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
  • Clothing Store Boot Store
  • (Bike/Boat/Book/etc) Store Corporate Office

Location

514 5th St Lynchburg, VA 24504-2426
Lynchburg metro Census 600 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$442k
Blend (final) Blend
$285k

Owner & transaction history

since 2011
3 recorded transactions
2021
Price N/A
2011
Price N/A
2005
Price N/A

Zoning & alternative use

B6 · Lynchburg, VA
Top alternative use upside
Medical building $1.1M +52.1%
Apartment house (5+ units) $810,000 +16.7%

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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