Technical
Financial
Distress signals
Property profile

517 Leesville Rd A Lynchburg, VA 24502

OFF-MARKET
Parking lots & garages
Property ID
US87-1493806
0.13 ac lot Built 1977
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1977
Lot 0.13 ac (5,706 SF)
Zoning code B1
APN 248 08 036
UPID US87-1493806

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
  • Law Firm
  • Law Firm
  • Hair Salon Nail Salon
  • Hair Salon
  • Marketing & Advertising (Bike/Boat/Book/etc) Store

Location

517 Leesville Rd, Unit A Lynchburg, VA 24502-2349
Lynchburg metro Census 1601 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$510k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$550k

Owner & transaction history

since 2022
Last sale
$525,000
1 recorded transaction
2022
$525,000

Zoning & alternative use

B1 · Lynchburg, VA
Zoning description

The B-1 district is intended to provide for office, retail, restaurant and service uses that are compatible with nearby residential areas because they are in scale with adjacent neighborhood development and have pedestri…

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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