Property profile

815 Main St Lynchburg, VA 24504

OFF-MARKET
Retail space
Property ID
US87-1582589
5,140 SF 0.08 ac lot Built 1890
Entity Owned 14-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1890
Construction FRAME
Total area 5,140 SF
Lot 0.08 ac (3,611 SF)
Zoning code B4
APN 024 47 006
UPID US87-1582589

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
  • Tattoo & Piercing Shop

Location

815 Main St Lynchburg, VA 24504-1507
Lynchburg metro Census 500 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$384k
Blend (final) Blend
$290k

Owner & transaction history

since 2012
2 recorded transactions
2022
Price N/A
2012
$94,900

Zoning & alternative use

B4 · Lynchburg, VA
Zoning description

The B-4 district is intended to provide for a wide range of residential, commercial and other sales and service operations, serving the entire metropolitan area in downtown Lynchburg and other mixed use centers throughou…

General category MIXED_USE
Top alternative use upside
Auto repair, garage $1.0M +73.5%
Medical building $915,000 +52.1%
Apartment house (5+ units) $700,000 +16.7%

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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