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    242 Airport Rd Winchester, VA 22602

    Sponsored
    For Sale
    $783,000

    High-Income Flex Space, Excellent Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Winchester, VA property at 242 Airport Road offers a 4350 square foot flex space currently under a three-year lease with a renewal option. The property boasts a comfortable office area and a large warehouse featuring one private dock door and a ceiling height exceeding 20 feet. The space is described as very clean and includes ample parking. Its convenient location within a flex condo park provides easy access to amenities. The property enjoys a prime location, just five minutes from I-81, Exit 313 in Frederick County, VA, and is approximately 45 minutes west of Leesburg via Route 50 or I-66, providing convenient access to Northern Virginia. The current lease generates a net income of $3625 per month, subject to 3% annual increases. The asking price for this income-producing property is $783,000. The property is classified as Land, Industrial, Farm, Ranch, Manufacturing, and Commercial. This presents a compelling investment opportunity in a desirable location.

    Property Features for 242 Airport Rd

    General Information

    Property type
    Manufacturing properties

    HighLights

    • 4,350 SF flex space in Winchester, VA, currently leased.
    • Features office area and large warehouse with one dock high door and 20'+ ceilings.
    • Ample parking in convenient flex condo park location.
    • Prime location: 5 minutes from I‑81 Exit 313, ~45 minutes to Leesburg.
    • $783,000 asking price; $3,625/month net income with 3% annual increases.
    Property Profile Location Intelligence

    Current Use by Public Records

    Global Entertainment Distribution Service

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Winchester City
    State
    Virginia
    Longitude
    -78.1554493
    Latitude
    39.1435089

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    FAQs

    What type of property is this?
    Manufacturing property - High-Income Flex Space, Excellent Location
    Where is this manufacturing property located?
    The property is located at 242 Airport Rd Winchester, VA.
    What is the asking price?
    The asking price for this property is $783,000.
    What are key features of this property?
    This property features: 4,350 SF flex space in Winchester, VA, currently leased.; Features office area and large warehouse with one dock high door and 20'+ ceilings.; Ample parking in convenient flex condo park location.
    Request Owner's contact information
    242 Airport Rd Winchester, VA 22602
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    Winchester, VA 22602
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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
    242 Airport Rd Winchester, VA 22602
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