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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Turn key restaurants
904 Main St, Lynchburg, VA 24504-1635
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US87-1467953
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1886
Construction
FRAME
Total area
13,104 SF
Lot
0.08 ac (3,528 SF)
Zoning code
B4
APN
024 49 018
UPID
US87-1467953
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
-
Market At Main Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$761k
Blend (final)
Blend
$765k
Owner & transaction history
902mainstreetlynchburg LLC · 17 yrs held
902mainstreetlynchburg LLC
since 2008
5 recorded transactions
Zoning & alternative use
B4 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$765k
Range $689k – $842k · ±10%
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
$58 / 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
$7,316
Tax year 2024
Assessed value
$822,000
Assessed 2024
Previous assessed
$822,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$123,500
Assessed improvement
$698,500
Land market value
$123,500
Improvement market value
$698,500
Total market value
$822,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1886
Construction
FRAME
Heating
NONE
Buildings
1
Stories
3
Rooms
3
Total area
13,104 SF
Lot
0.08 ac (3,528 SF)
Zoning code
B4
APN
024 49 018
UPID
US87-1467953
Jurisdiction
LYNCHBURG CITY
Zoning & alternative use
B4 · Lynchburg, VA
Zoning B4 · permitted uses
B4 · Lynchburg, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lynchburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1886
Construction
FRAME
Heating
NONE
Stories
3
Buildings
1
Rooms
3
Lot
0.08 ac
Current owner
From public records · entity-resolved
902mainstreetlynchburg LLC
Entity
Mailing address
PO BOX 12190, LYNCHBURG, VA 24506-2190
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2021
—
902mainstreetlynchburg LLC
—
Deed
related
$4,575,000 · United Bank
Dec 16, 2016
—
902mainstreetlynchburg LLC
—
Deed
related
$335,000 · Hometrust Bank
Nov 13, 2008
—
902mainstreetlynchburg LLC
Choppers INC
Deed
$1,555,000 · Branch Banking And Trust Co
Apr 2, 2008
—
Choppers INC
Most Properties LLC
Deed
—
Mar 1, 2007
—
Most Properties LLC
Sue Heimerdinger Stahl
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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