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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7701 Timberlake Rd Lynchburg, VA 24502

    • Community centers
    • 39,021 SF
    • 3.54 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    $700,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1729228
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tropical Smoothie Cafe / Health Food Restaurant / Juice Shop
    • Super Latina Elizabeth / Grocery Store / Mexican Goods Store
    • Las Elizabeth Latín Store / Grocery Store
    • Westside Deli / Sandwich Shop / Deli
    • Kingdom Life Embassy / Religious Organization

    Property Details for 7701 Timberlake Rd

    Year built
    1965
    Lot size
    3.54 lot acres
    Property size
    39,021 SF
    Zone code
    B3
    Property type
    Community centers
    APN
    254 11 004
    APU
    25411004

    Description

    This exceptional 8,250 square foot office space is available for lease in Lynchburg, Virginia. Located at 7701 Timberlake Road, near Graves Mill Road, this single-tenant property offers a highly desirable location within a B-3 Community Business zoned area. The space occupies the second level of a 39,000 square foot building situated on a generous 3.5-acre lot, providing ample parking. The interior boasts abundant natural light from numerous windows. Convenient elevator access is available. Currently configured as a functional office environment, the space includes sixteen individual offices, a dedicated conference room, a large training room ideal for presentations or employee gatherings, a well-equipped kitchenette/break room, two bathrooms, and open areas currently set up with 46 cubicle workstations. High-speed internet wiring is already in place. The property underwent renovations in 2021, ensuring modern amenities and a well-maintained environment. The potential for leasing the space fully furnished is available upon request. Its corner location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in Lynchburg. This property presents a unique opportunity to secure a substantial and well-appointed office space in a highly sought-after location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $860,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $538,000
      Market price range: $485k - $2.87M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg City
    State
    Virginia
    Longitude
    -79.225
    Latitude
    37.3545
    CBSA code
    31340
    CBSA name
    LYNCHBURG, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $23,063
    $884,000
    $1,707,400
    $2,591,400
    -
    $884,000
    $1,707,400
    $2,591,400

    Comparable in this City

    • Value Estimation
      $875,000
      14,965 SF

      3919 Wards Rd

      MINI-MALL • 14,965 SF
      3919 Wards Rd, Lynchburg, VA 24502-4041
      View Details
    • Value Estimation
      $1,940,000
      173,415 SF

      2100 Wards Rd

      MINI-MALL • 173,415 SF
      2100 Wards Rd, Lynchburg, VA 24502-5312
      View Details
    • Value Estimation by Request
      8,636 SF

      2300 Wards Rd

      MINI-MALL • 8,636 SF
      2300 Wards Rd, Lynchburg, VA 24502-2142
      View Details
    • Value Estimation by Request
      6,014 SF

      8000 Timberlake Rd

      MINI-MALL • 6,014 SF
      8000 Timberlake Rd, Lynchburg, VA 24502-2606
      View Details
    • Value Estimation
      $1,370,000
      137,376 SF

      3419 Candlers Mtn Rd

      MINI-MALL • 137,376 SF
      3419 Candlers Mtn Rd, Lynchburg, VA 24502-2221
      View Details
    • Value Estimation
      $1,690,000
      91,588 SF

      7805 Timberlake Rd

      MINI-MALL • 91,588 SF
      7805 Timberlake Rd, Lynchburg, VA 24502-2600
      View Details

    Similar Nearby for Sale

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      Lynchburg Corner Pad Site - $425K

      High-visibility retail/office land, prime location.
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    Similar Nearby for Lease

    • $29 SF/Yr
      9,000 SF

      Oakwood Plaza Retail Space

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      View Details
    • $25 SF/Yr
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      Wards Road Retail Center

      Lynchburg, VA Retail/Office Space Available
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      Lynchburg Retail Investment Opportunity
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      Retail Space in Wards Crossing

      Retail space available in Lynchburg's Wards Crossing shopping center.
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      2,075 SF

      Retail Space in Lynchburg Center

      2,075 SF outparcel building in a shopping center.
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    • Contact for pricing

      Retail and Office Spaces Available

      Retail and office spaces for lease in Lynchburg, Virginia.
      7713 Timberlake Rd, Lynchburg, VA 24502
      View Details
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    Lynchburg, VA 24502
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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