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Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Apartment buildings
801 Church St Lynchburg, VA 24504-1521
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0383256
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1877
Construction
FRAME
Total area
9,859 SF
Lot
0.19 ac (8,407 SF)
Zoning code
7
APN
024 46 002
UPID
US87-0383256
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Beau's Gourmet Cheese and Charcuterie Restaurant
-
Bob Jones Painting Contractor Painting Service General Contractor
-
Evolving Solution Services Employment Agency
-
Polished Concrete Solution | Stained Polished Concrete | Mechanically Polished Concrete Service | Metallic Epoxy Coating Carpet & Flooring Store Hardware & Home Improvement
-
Polished Concrete Solution Carpet & Flooring Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.43M
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.34M
Owner & transaction history
Box Three LLC · 3 yrs held
Box Three LLC
since 2022
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
7 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.1M
+55.0%
Auto repair, garage
$2.0M
+48.7%
Medical building
$1.8M
+30.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lynchburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lynchburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,395,000
ML approach
$1,430,000
CAP Approach
CAP Return
Estimation
6%
$1,305,000
6.5%
$1,205,000
7%
$1,120,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,345,000
Current use
RESTAURANT
$2,090,000
Change: +55% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,005,000
Change: +49% · Conversion: Difficult
MEDICAL BUILDING
$1,755,000
Change: +30% · Conversion: Moderate
RETAIL STORES
$1,155,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±10% · vs last sale $1.33M (Sep 12 2022)
Last sale anchor
$1.33M
Sep 12 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$135 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$11,125
Tax year 2024
Assessed value
$1,250,000
Assessed 2024
Previous assessed
$1,250,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$190,100
Assessed improvement
$1,059,900
Land market value
$190,100
Improvement market value
$1,059,900
Total market value
$1,250,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1877
Construction
FRAME
Heating
NONE
Buildings
1
Stories
3
Rooms
1
Total area
9,859 SF
Lot
0.19 ac (8,407 SF)
Zoning code
7
APN
024 46 002
UPID
US87-0383256
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
7 · Lynchburg, VAZoning 7 · permitted uses
7 · Lynchburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.3M
RESTAURANT
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1877
Construction
FRAME
Heating
NONE
Stories
3
Buildings
1
Rooms
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Box Three LLC
Entity
Mailing address
222 FAIRWAY DR, HARRISONBURG, VA 22802-8701
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2022
$1,325,000
Box Three LLC
Jencal LLC
Deed
—
Sep 11, 2018
—
Jencal LLC
—
Deed
related
$450,000 · First National Bank
Feb 1, 2018
$375,000
Jencal LLC
Lmr Properties INC
Warranty Deed
—
Sep 28, 2011
$230,000
Lmr Properties INC
Edward Eugene Johnson
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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