Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Approved Lot in Tavistock Estates Title is generated by Realmo AI

    Lot 1 Tavistock Dr, Winchester, VA 22602

    View on Map
    Claim this Listing
    For Sale
    $369,900

    11.49 acre lot approved for 3-bedroom perk.

    Type:Land or Vacant Lot
    Lot size:
    11.49 Acres
    Added:
    May 13, 2024
    Days on Market:
    753
    Last Refresh:
    May 11 at 12:37 am

    Property Features for Lot 1 Tavistock Dr

    General Information

    Standard status
    Active
    Lot size
    11.49 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    GILLIAN JOY GREENFIELD
    GILLIAN JOY GREENFIELD

    Listing agent GILLIAN JOY GREENFIELD License #0225064152

    Listing office COLDWELL BANKER PREMIER

    Listing date May 13, 2024

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER PREMIER

    HighLights

    • Large 11.49 acre lot in desirable Tavistock Estates.
    • Approved for 3‑bedroom perk.
    • Enjoy mountain views and a peaceful, serene setting.
    • Potential for a mini equestrian farm.
    • Excellent road access and level lot.
    • Convenient 7‑minute drive to town.

    Overview

    This 11.49-acre lot is located in Tavistock Estates. It is approved for a 3-bedroom perk. The property is described as being a 7-minute drive from town through farmland, with mountain views. The lot is level and located among 'horse country' estates. It is suggested that the property could be suitable for building a mini equestrian farm. A 1990 soils report has been uploaded. Road access is described as great.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Auto Repair Shop Furniture & Home Goods Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Frederick
    State
    Virginia
    Longitude
    -78.2498
    Latitude
    39.164

    Nearby Similar for Sale

    • $999,000
      10,000 SF

      High Traffic Retail Opportunity

      High-visibility retail property on 0.82 acres, ideal for various businesses.
      1694 BERRYVILLE, WINCHESTER, VA 22602
      View Details
    • $599,900
      3,511 SF

      Charming Duplex in Winchester, VA

      Versatile duplex with historic charm and income potential.
      1400 VALLEY Avenue, WINCHESTER, VA 22601
      View Details
    • $1,182,695

      Prime Office in Winchester, VA

      7082 SF office space in established business park.
      252 AIRPORT, WINCHESTER, VA 22602
      View Details
    • $1,500,000
      7,000 SF

      Mixed-Use Property in Historic Downtown

      Versatile B1-zoned property with income and redevelopment potential.
      314 N BRADDOCK Street, WINCHESTER, VA 22601
      View Details
    • $605,000
      4,396 SF

      Turnkey Winchester Triplex Investment Opportunity

      Triplex in downtown Winchester with strong cash flow potential.
      540 MONTICELLO Street, WINCHESTER, VA 22601
      View Details
    • $1,100,000

      Downtown Winchester Office Building

      Prestigious office building in the heart of downtown Winchester.
      38 ROUSS Avenue, WINCHESTER, VA 22601
      View Details
    • $599,950
      1,948 SF

      Renovated Duplex Income Property

      A fully renovated 2022 duplex with two separate units, off-street parking, and basement storage for streamlined operations.
      446 N LOUDOUN Street, WINCHESTER, VA 22601
      View Details
    • $1,500,000

      Commercial Land For Sale/Lease

      5.26 acres of commercial land, sale or lease.
      153 WELLTOWN Road, WINCHESTER, VA 22602
      View Details
    • $675,000

      Prime Commercial Land on Route 522

      Highly visible 1.52-acre pad site with utilities in place.
      204 MARANTO MANOR DR, WINCHESTER, VA 22602
      View Details
    • $525,000
      2,630 SF

      Versatile Retail/Office Space Available

      Retail/office space with high visibility and mixed-use zoning.
      2109 VALLEY Ave, Winchester, VA 22601
      View Details
    • $215,000

      Downtown Winchester City Lot

      City lot ready for your dream home in Winchester.
      506 FAIRMONT Avenue, WINCHESTER, VA 22601
      View Details
    • $380,000

      Office Condo in Winchester, VA

      2000 SF office condo in excellent condition and location.
      240 AIRPORT Road, WINCHESTER, VA 22602
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 11.49 acre lot approved for 3-bedroom perk.
    Where is this agricultural land / farmland located?
    The property is located at Lot 1 Tavistock Dr Winchester, VA.
    What is the asking price?
    The asking price for this property is $369,900.
    What are key features of this property?
    This property features: Large 11.49 acre lot in desirable Tavistock Estates.; Approved for 3‑bedroom perk.; Enjoy mountain views and a peaceful, serene setting.
    (540) 662-9937
    We can help!
    Listing Contact
    GILLIAN JOY GREENFIELD
    GILLIAN JOY GREENFIELD
    Real Estate License ID: 0225064152
    Learn More
    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.
    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

    Thank You for Inquiry
    Lot 1 Tavistock Dr, WINCHESTER, VA 22602
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!