Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    828 Main St Lynchburg, VA 24504

    • Commercial real estate
    • 259,925 SF
    • 0.54 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1392755
    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

    • Edmunds & Williams: Eric J. Sorenson, Jr. / Law Firm
    • Brown Edwards: Susan G. Ackley, CPA, PFS / Accounting Firm
    • Phillips, Morrison, Johnson & Ferrell / Law Firm
    • Bank of the James / Bank / Loan Service
    • Jennifer E. Stille / Law Firm

    Property Details for 828 Main St

    Year built
    1972
    Lot size
    0.54 lot acres
    Property size
    259,925 SF
    Zone code
    B4
    Property type
    Commercial real estate
    APN
    024 48 006
    APU
    2448006

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $12,184,000
      Market price range: $10.7M - $39.6M
      AI Estimate
      $10,670,000
      Market price range: $8.69M - $33.7M

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg City
    State
    Virginia
    Longitude
    -79.1422
    Latitude
    37.4153
    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
    $60,965
    $1,123,500
    $5,726,500
    $6,850,000
    -
    $1,123,500
    $5,726,500
    $6,850,000

    Comparable in this City

    • Value Estimation by Request
      2,383 SF

      420 Victoria Ave

      COMMERCIAL (GENERAL) • 2,383 SF
      420 Victoria Ave, Lynchburg, VA 24504-2233
      View Details
    • Value Estimation by Request
      3,781 SF

      603 Grace St

      COMMERCIAL (GENERAL) • 3,781 SF
      603 Grace St, Lynchburg, VA 24504-2625
      View Details
    • Value Estimation by Request
      2,322 SF

      708 5th St

      COMMERCIAL (GENERAL) • 2,322 SF
      708 5th St, Lynchburg, VA 24504
      View Details
    • Value Estimation by Request
      2,526 SF

      27 Cabell St

      COMMERCIAL (GENERAL) • 2,526 SF
      27 Cabell St, Lynchburg, VA 24504-1208
      View Details
    • Value Estimation by Request
      5,000 SF

      9021 Richmond Hwy

      COMMERCIAL (GENERAL) • 5,000 SF
      9021 Richmond Hwy, Lynchburg, VA 24504-4513
      View Details
    • Value Estimation
      $660,000
      4,540 SF

      6342 Richmond Hwy

      COMMERCIAL (GENERAL) • 4,540 SF
      6342 Richmond Hwy, Lynchburg, VA 24504-4132
      View Details

    Similar Nearby for Sale

    • $895,000
      8,144 SF

      Lynchburg Retail Building - Prime Location

      8,144 SF Retail Building, 0.81 Acres
      408 Federal St, Lynchburg, VA 24504
      View Details
    • $949,000

      Lynchburg Main Street Commercial Land

      Prime Lynchburg development parcels. Last remaining!
      1020 Main St, Lynchburg, VA 24504
      View Details
    • $695,000
      24,120 SF

      Lynchburg Historic Auditorium Building

      Prime Downtown Lynchburg Redevelopment Opportunity
      1112 Main St, Lynchburg, VA 24504
      View Details
    • $79,990
      1,050 SF

      Lynchburg Commercial Lot - $80K

      High-traffic location, versatile zoning, rental potential.
      1700 Elm St, Lynchburg, VA 24504
      View Details
    • $245,000
      3,072 SF

      Lynchburg Office Building - Prime Location

      Versatile Office Space, Move-In Ready
      1015 12Th St, Lynchburg, VA 24504
      View Details
    • $65,900
      5.15 Acres

      Residential Land with Mountain Views

      5.15 acre residential lot near Lynchburg with mountain views.
      Kingswood Ln, Lynchburg, VA 24504
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      5,899 SF

      Turnkey Restaurant Opportunity in Lynchburg

      5,899 SF restaurant space with panoramic views available for rent.
      828 Main St, Lynchburg, VA 24504
      View Details
    • Contact for pricing
      37,000 SF

      Downtown Lynchburg Retail/Office Space

      Highly visible corner location in Downtown Lynchburg.
      925 Main St, Lynchburg, VA 24504
      View Details
    • $699,000
      8,144 SF

      Retail Building in Opportunity Zone

      8,144 SF retail building adaptable for various uses.
      408 Federal St, Lynchburg, VA 24504
      View Details
    • $950 /Mo
      571 SF

      Mixed-Use Building in Downtown Lynchburg

      Downtown Lynchburg mixed-use property with apartments, office, and retail.
      725 Church St, Lynchburg, VA 24504
      View Details
    • $23 SF/Yr
      81,000 SF

      Main Street Office Space Available

      Flexible office space with ample parking and fiber optics.
      700-760 Main St, Lynchburg, VA 24504
      View Details
    • $16 SF/Yr
      1,880 SF

      Downtown Lynchburg Office Space Available

      1,880 SF office suite in downtown Lynchburg for lease.
      1312-1328 Jefferson St, Lynchburg, VA 24504
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    828 Main St
    Lynchburg, VA 24504
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.