Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    740 Front Royal Pike - Winchester, VA 22602

    Sponsored
    For Sale
    Contact for pricing

    7.61-acre development site, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    412
    This 7.61-acre commercial land parcel presents a unique development opportunity in Winchester, Virginia. Located at 740 Front Royal Pike - Lot 1D (zip code 22602), this fee simple property boasts unparalleled access via the newly constructed, $23 million Crossover Boulevard, a four-lane road and bridge over I-81. This strategic location places the property ideally between I-81 and US 522, providing convenient access to the Winchester commercial district and Airport Road, significantly improving traffic flow and enhancing property value. The area is experiencing rapid growth, with recent developments including the headquarters for Trex and CarMax directly across I-81, and over 330 residential units immediately south. The site benefits from flexible zoning, allowing for diverse development options such as office, multi-family, retail, medical, financial, insurance, restaurants, food stores, and more. The surrounding area includes established residential communities (Red Fox Run, Chapel Hill, Canter Estates, and the under-development Freedom Manor), as well as three new public schools (Evendale Elementary, Admiral Richard E. Byrd Middle, and Armel Elementary), and a planned new high school. This property offers exceptional potential for developers seeking to capitalize on the explosive growth in this section of Winchester and the greater Washington, DC Metro Area. The property's proximity to established residential areas and new schools further enhances its appeal and potential for long-term success.

    Property Features for 740 Front Royal Pike -

    General Information

    Property type
    Land
    Lot Size
    331,492 SF

    We can help!

    Listing Contact
    Brandon Price
    Brandon Price

    Learn more

    HighLights

    • Direct access via the new $23 million Crossover Boulevard, a four‑lane road and bridge over I‑81.
    • Prime location between I‑81 and Route 522, connecting Winchester to Airport Road.
    • High‑growth area; near Trex and Carmax headquarters and over 330 new residential units.
    • Located in one of the fastest‑growing communities in the Washington, DC metro area.
    • Flexible zoning allows for diverse development options including office, multi‑family, retail, and hospitality uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Winchester
    County
    Frederick
    State
    Virginia
    Longitude
    -78.16521
    Latitude
    39.14431

    Nearby Similar for Sale

    • $2,700,000
      0.53 Acres

      Downtown Winchester Professional Office Building

      17,000 sq ft office building in Winchester's business district.
      20 S Stewart St, Winchester, VA 22601
      View Details
    • $475,000
      2,736 SF

      Winchester Multifamily Investment Opportunity

      Two adjacent Winchester properties totaling 1.91 acres, offered together.
      386 Round Hill Rd, Winchester, VA 22602
      View Details
    • New
      $449,900
      2,376 SF

      All Brick Three-Unit Complex

      Three-unit complex near Old Town Mall with off-street parking.
      510 N Loudoun St, Winchester, VA 22601
      View Details
    • New
      $999,000
      10,000 SF

      High Traffic Retail Opportunity

      High-visibility retail property on 0.82 acres, ideal for various businesses.
      1694 Berryville Ave, Winchester, VA 22602
      View Details
    • New
      $360,000
      1,249 SF

      Winchester Multifamily Investment Opportunity

      Multifamily property with $36,000 rental income, low maintenance.
      45 Race St, Winchester, VA 22601
      View Details
    • $516,014

      Winchester Office Investment Opportunity

      Leased office space in Winchester, VA, with long-term tenant.
      230 Airport Rd, Winchester, VA 22602
      View Details
    • $380,000

      Office Condo in Winchester, VA

      2000 SF office condo in excellent condition and location.
      240 Airport Rd, Winchester, VA 22602
      View Details
    • $3,999,000

      Historic Downtown Winchester Investment Opportunity

      Iconic building with retail and office space in thriving downtown.
      9 Loudoun St N WINCHESTER, Winchester, VA 22601
      View Details
    • Contact for pricing
      3,500 SF

      Downtown Winchester Restaurant Opportunity

      Restaurant space in a historical building with outdoor dining area.
      100 N Loudoun St, Winchester, VA 22601
      View Details
    • $995,000

      Winchester Office/Retail Condominium Units

      Office or retail condominium units in Opequon Center for sale.
      3052 Valley Ave, Winchester, VA 22601
      View Details
    • $1,500,000

      Winchester Investment Property Near I-81

      Excellent investment opportunity with a long-term tenant in Winchester, VA.
      1359 Berryville Ave, Winchester, VA 22601
      View Details
    • $550,000

      Corner Commercial Lot Opportunity

      0.36 acre corner lot with B-2 zoning.
      1726 Valley Ave, Winchester, VA 22601
      View Details

    FAQs

    What type of property is this?
    Land - 7.61-acre development site, prime location.
    Where is this land located?
    The property is located at 740 Front Royal Pike - Winchester, VA.
    What are key features of this property?
    This property features: Direct access via the new $23 million Crossover Boulevard, a four-lane road and bridge over I-81.; Prime location between I-81 and Route 522, connecting Winchester to Airport Road.; High-growth area; near Trex and Carmax headquarters and over 330 new residential units.
    Request Owner's contact information
    740 Front Royal Pike - Winchester, VA 22602
    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.
    740 Front Royal Pike -
    Winchester, VA 22602
    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
    740 Front Royal Pike - Winchester, VA 22602
    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

    We can help!
    Listing Contact
    Brandon Price
    Brandon Price
    Real Estate License ID: CA 01822998
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.