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

    893 Lawyers Rd Lynchburg, VA 24501-7157

    • Commercial real estate
    • 1,628 SF
    • 3.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-2076565
    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

    • Commercial real estate

    Property Details for 893 Lawyers Rd

    Year built
    1950
    Construction
    FRAME
    Lot size
    3.00 lot acres
    Property size
    1,628 SF
    Zone code
    I-H
    Property type
    Commercial real estate
    APN
    0220-0A000-047-0
    APU
    02200A0000470

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Campbell
    State
    Virginia
    Longitude
    -79.1992
    Latitude
    37.309
    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
    2023
    $427
    $66,300
    $28,500
    $94,800
    -
    $66,300
    $28,500
    $94,800

    Comparable in this City

    • Value Estimation by Request
      1.64 Acres

      3806 Old Forest Rd

      Land • 1.64 Acres
      3806 Old Forest Rd, Lynchburg, VA 24501
      View Details
    • Value Estimation by Request
      2.25 Acres

      1507 Lawyers Rd

      COMMERCIAL (GENERAL) • 2.25 Acres
      1507 Lawyers Rd, Lynchburg, VA 24501-7158
      View Details
    • Value Estimation by Request
      3,756 SF

      1123 Fillmore St

      COMMERCIAL (GENERAL) • 3,756 SF
      1123 Fillmore St, Lynchburg, VA 24501
      View Details
    • Value Estimation by Request
      1,050 SF

      13780 Wards Rd

      COMMERCIAL (GENERAL) • 1,050 SF
      13780 Wards Rd, Lynchburg, VA 24501-7124
      View Details
    • Value Estimation by Request
      1,438 SF

      13826 Wards Rd

      COMMERCIAL (GENERAL) • 1,438 SF
      13826 Wards Rd, Lynchburg, VA 24501-7129
      View Details
    • Value Estimation by Request
      1,088 SF

      13900 Wards Rd

      COMMERCIAL (GENERAL) • 1,088 SF
      13900 Wards Rd, Lynchburg, VA 24501-7128
      View Details

    Similar Nearby for Sale

    • $480,000
      3.00 Acres

      Lynchburg Industrial Warehouse - $480K

      60,400 SF Warehouse on 3 Acres
      2501 Greene St, Lynchburg, VA 24501
      View Details
    • $290,000
      3,943 SF

      Lynchburg Multi-Building Commercial Property

      High-visibility 3-building commercial complex.
      1622 12Th St, Lynchburg, VA 24501
      View Details
    • $48,000
      1 SF

      Lynchburg Development Land Package

      Seven Lots, R3/R4 Zoning, High Potential
      1304 Lovell St, Lynchburg, VA 24501
      View Details
    • $576,000
      12.80 Acres

      Lynchburg Industrial Land - 12.8 Acres

      Prime Lynchburg industrial land, I-3 zoning.
      200 Jefferson Ridge Pkwy, Lynchburg, VA 24501
      View Details
    • $750,000
      5,100 SF

      Lynchburg Office Building - Prime Location

      Iconic Brick Office Building, 5,100 sq ft, 0.93 acres
      3211 Old Forest Rd, Lynchburg, VA 24501
      View Details
    • $1,100,000
      6,000 SF

      Lynchburg Commercial Gem: Prime Location

      Upscale Commercial Space, 6,000 sq ft, Lynchburg
      3014 Memorial Ave, Lynchburg, VA 24501
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      1,400 SF

      Lynchburg Office Sublease Opportunity

      Prime Office Suites, 1163 sq ft, VA
      2600 Memorial Ave, Lynchburg, VA 24501
      View Details
    • $12 SF/Yr
      700 SF

      +/- 700 SF Office Space For Lease

      +/- 700 SF Office Space For Lease
      3622 Old Forest Road, Lynchburg, VA 24501
      View Details
    • Contact for pricing
      4,300 SF

      Office/Retail Space Near University

      Office/retail space for rent near the University of Lynchburg.
      254 Oakley Ave, Lynchburg, VA 24501
      View Details
    • Contact for pricing
      2,000 SF

      Office/Retail Space Near University

      Office/retail space for rent near the University of Lynchburg.
      258 Oakley Ave, Lynchburg, VA 24501
      View Details
    • $32 SF/Yr
      2,400 SF

      Retail Space Near Liberty University

      Retail space with high visibility near Liberty University.
      120 Simons Run, Lynchburg, VA 24501
      View Details
    • Contact for pricing
      157,039 SF

      Industrial Space with Rail Access

      157,039 SF industrial space with rail access in Lynchburg.
      4201 Murray Pl, Lynchburg, VA 24501
      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.
    893 Lawyers Rd
    Lynchburg, VA 24501-7157
    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.