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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Apartment buildings
815 Church St Lynchburg, VA 24504-1517
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0504471
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1901
Construction
FRAME
Total area
6,825 SF
Lot
0.1 ac (4,312 SF)
Zoning code
7
APN
024 46 004
UPID
US87-0504471
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
-
William Hengerer - Ameriprise Financial Services, Inc. Financial Advisor
-
Augustine Janice Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.06M
CAP Approach
CAP
$835k
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.05M
Owner & transaction history
Box Three LLC · 3 yrs held
Box Three LLC
since 2022
Last sale
$1.0M
2 recorded transactions
Zoning & alternative use
7 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+55.0%
Auto repair, garage
$1.4M
+48.7%
Medical building
$1.2M
+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
$1,085,000
ML approach
$1,055,000
CAP Approach
CAP Return
Estimation
6%
$905,000
6.5%
$835,000
7%
$775,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$935,000
Current use
RESTAURANT
$1,445,000
Change: +55% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,385,000
Change: +49% · Conversion: Difficult
MEDICAL BUILDING
$1,215,000
Change: +30% · Conversion: Moderate
RETAIL STORES
$800,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $1.03M (Sep 12 2022)
Last sale anchor
$1.03M
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
$154 / 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
$7,111
Tax year 2024
Assessed value
$799,000
Assessed 2024
Previous assessed
$799,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$86,200
Assessed improvement
$712,800
Land market value
$86,200
Improvement market value
$712,800
Total market value
$799,000
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
1901
Construction
FRAME
Heating
NONE
Buildings
1
Stories
3
Rooms
2
Total area
6,825 SF
Lot
0.1 ac (4,312 SF)
Zoning code
7
APN
024 46 004
UPID
US87-0504471
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
$935,000
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$800,000
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
1901
Construction
FRAME
Heating
NONE
Stories
3
Buildings
1
Rooms
2
Lot
0.1 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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2022
$1,030,000
Box Three LLC
Mariposa LLC
Deed
$1,875,000 · Dupont Community Cu
Oct 20, 2005
—
Mari Posa LLC
Bernard Y Calvert III
Deed
$258,000 · Sherry A Schulz Revocable Trust
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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