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    513-525 Monticello St Winchester, VA 22601

    For Sale
    $500,000

    Redevelopment site with multi-family development potential in Winchester, Virginia.

    Lot size:
    1.89 Acres

    Property Features for 513-525 Monticello St

    General Information

    Lot size
    1.89 Acres

    Source: OakCrest Commercial Real Estate Agent Brett Haynes

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

    Overview

    1.89 Acres Redevelopment Site

    This 1.89-acre redevelopment site is located just off Valley Avenue in southern Winchester. The property consists of two parcels: one improved with a single-family detached rental and one unimproved lot. The improved parcel is zoned B-2, and the other lot is zoned MR. The property is ideally suited for multi-family development. All properties are currently leased. Showings of the house and duplex are by appointment only and only after a ratified contract; tenants should not be disturbed.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Frederick
    State
    Virginia
    Longitude
    -78.1876866
    Latitude
    39.1439361

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    FAQs

    What type of property is this?
    Land - Redevelopment site with multi-family development potential in Winchester, Virginia.
    Where is this land located?
    The property is located at 513-525 Monticello St Winchester, VA.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - 1.89 acres redevelopment site; - Ideally suited for multi-family development; - Zoned MR and B-2
    (540) 247-1756
    Request Owner's contact information
    513-525 Monticello St 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
    513-525 Monticello St Winchester, VA 22601
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