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    2978 Valley Ave Winchester, VA 22601

    For Lease
    $6,000 /Mo

    1.15 acres with rental income and car lot.

    Lot size:
    0.43 Acres

    Property Features for 2978 Valley Ave

    General Information

    Standard status
    Active
    Lot size
    0.43 Acres

    Building Details

    Year built
    1950

    Source: OAKCREST COMMERCIAL REAL ESTATE Agent H. PAIGE MANUEL

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

    Overview

    Valley Avenue Rental Income Property

    The property at 2970 and 2978 Valley Avenue comprises 1.15 acres and features a former used car lot with display area for 30-40 cars. Public water and sewer are available. The property at 2978 Valley Avenue includes 5 rental units, generating approximately $4,000.00 in gross monthly revenue. The property can be ground leased for $6,000.00 monthly. Alternatively, the former used car lot alone can be ground leased for $3,500.00 monthly. The used car lot does not have an office building; an office building would need to be constructed or a mobile office utilized.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Penske Truck Rental, Truck Rental Center at The Home Depot, Gsc Management Ii, U-Haul Neighborhood Dealer, U-Haul Neighborhood Dealer

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Frederick
    State
    Virginia
    Longitude
    -78.189003
    Latitude
    39.1458317

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    FAQs

    What type of property is this?
    Parking lot & garage - 1.15 acres with rental income and car lot.
    Where is this parking lot & garage located?
    The property is located at 2978 Valley Ave Winchester, VA.
    What are key features of this property?
    This property features: - 1.15 acres suitable for displaying 30-40 cars.; - Existing rental units generate approximately $4,000 monthly gross revenue.; - Public water and sewer available.
    (540) 504-0787
    Request Owner's contact information
    2978 Valley Ave Winchester, VA 22601
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    Realmo Value Estimation

    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.

    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.

    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
    2978 Valley Ave Winchester, VA 22601
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