Property profile

5224 Ft Ave Lynchburg, VA 24502

OFF-MARKET
Retail space
Property ID
US87-1564413
1,381 SF 0.35 ac lot Built 1971
Entity Owned 13-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1971
Total area 1,381 SF
Lot 0.35 ac (15,246 SF)
Zoning code B3
APN 055 09 057
UPID US87-1564413

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
  • (Bike/Boat/Book/etc) Store

Location

5224 Ft Ave Lynchburg, VA 24502-1610
Lynchburg metro Census 1000 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2012
1 recorded transaction
2012
$260,000

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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