1501 5thLynchburg, VA 24501

  • Car washes
  • 2,780 SF
Off market
$4,338,030 Estimated

Property Details for 1501 5th

Year built
2003
Lot size
0.43 AC
Property size (Sq ft)
2,780 SF
Zone code
B6
Property type
Car washes
APN
003 25 005
APU
325005

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $610,847
    6.5%
    $563,858
    7%
    $523,583
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,608,065
    Geo Method
    $1,608,065
  • Alternative Use

    Use
    Valuation
    Residential
    $475,636
    Hospitality
    $435,680
    Educational
    $362,480
    Medical
    $374,947
    Retail
    $563,858

Location Insight

City
Lynchburg
County
Lynchburg City
State
Virginia
Latitude
37.4116
Longitude
-79.1576
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
$2,759
$113,200
$196,800
$310,000
-
$113,200
$196,800
$310,000

FAQs

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