Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    740 Front Royal Pike - Winchester, VA 22602

    • Land
    • 20.28 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 740 Front Royal Pike -

    Lot size
    20.28 lot acres
    Property type
    Land

    Description

    This exceptional 20.28-acre commercial land parcel presents a unique development opportunity in Winchester, Virginia. Located at 740 Front Royal Pike - Lot 3B, this fee-simple property boasts unparalleled access via the newly constructed, $23 million Crossover Boulevard, a four-lane road and bridge spanning I-81. This strategic location places the property ideally between I-81 and US 522, providing seamless connectivity to the Winchester commercial district and Airport Road, significantly improving traffic flow and enhancing property value. The area is experiencing rapid growth, evidenced by the nearby headquarters of Trex and CarMax, and the recently completed Madison Village multi-family complex, totaling over 330 residential units. Further development is underway, including a new high school and several residential communities. The flexible zoning allows for diverse development options, including office, multi-family, retail, medical, and hospitality uses. This property offers an exceptional investment opportunity within a thriving and expanding community, benefiting from its prime location and access to major transportation arteries. The surrounding area includes three new public schools (Evendale Elementary, Admiral Richard E. Byrd Middle, and Armel Elementary), contributing to the area's family-friendly appeal and further fueling its growth. This site is part of the Crossover mixed-use project, offering flexible site options and segmentation for optimal development potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Frederick
    State
    Virginia
    Longitude
    -78.1652
    Latitude
    39.1443

    Comparable in this City

    • Value Estimation by Request
      15.13 Acres

      740 Front Royal Pike -

      Land • 15.13 Acres
      740 Front Royal Pike -, Winchester, VA 22602
      View Details
    • Value Estimation by Request
      1.70 Acres

      Renaissance Dr

      Land • 1.70 Acres
      0 Renaissance Dr, Stephens City, VA 22602
      View Details
    • Value Estimation by Request
      8.30 Acres

      740 Front Royal Pike -

      Land • 8.30 Acres
      740 Front Royal Pike -, Winchester, VA 22602
      View Details
    • Value Estimation by Request
      1.38 Acres

      1105 Millwood Pike

      Land • 1.38 Acres
      1105 Millwood Pike, Winchester, VA 22602
      View Details
    • Value Estimation by Request

      1694 Berryville Ave

      Manufacturing properties
      1694 Berryville Ave, Winchester, VA 22602
      View Details
    • Value Estimation by Request
      6.53 Acres

      740 Front Royal Pike -

      Land • 6.53 Acres
      740 Front Royal Pike -, Winchester, VA 22602
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8.30 Acres

      Winchester Commercial Land Opportunity

      8.3-acre prime commercial land, I-81 access.
      740 Front Royal Pike -, Winchester, VA 22602
      View Details
    • Contact for pricing
      10.05 Acres

      Winchester Commercial Land Opportunity

      10-Acre Development, Prime Location
      740 Front Royal Pike -, Winchester, VA 22602
      View Details
    • $1,399,000

      High-Traffic Winchester Commercial Land

      Prime Retail Location, High Visibility, .82 Acres
      1694 Berryville Ave, Winchester, VA 22602
      View Details
    • Contact for pricing
      6.53 Acres

      Winchester Commercial Land Opportunity

      6.53 acres, prime commercial location.
      740 Front Royal Pike -, Winchester, VA 22602
      View Details
    • $950,000
      1.38 Acres

      Winchester Commercial Land Opportunity

      1.38-acre lot, prime retail location.
      1105 Millwood Pike, Winchester, VA 22602
      View Details
    • Contact for pricing
      6.54 Acres

      Winchester Commercial Land, I-81

      6.54 Acres, Prime I-81 Location
      740 Front Royal Pike -, Winchester, VA 22602
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Stephens City Commercial Land Parcels

      Prime Commercial Land, 1.7-10.4 Acres
      0 Renaissance Dr, Stephens City, VA 22602
      View Details
    • $9,500 /Mo

      Commercial Land For Lease

      2.8 AC of B2 land available for lease.
      1790 Berryville Ave, Winchester, VA 22602
      View Details
    • $12 SF/Yr
      232,175 SF

      Turn Key Office Space

      3088 SF office space available for lease in Winchester, VA.
      252 Airport Rd, Winchester, VA 22602
      View Details
    • Contact for pricing
      13,440 SF

      Retail Space in Winchester, VA

      Strategically located shopping center with anchor and shop space available.
      1090 Millwood Pike, Winchester, VA 22602
      View Details
    • Contact for pricing
      3,140 SF

      Retail Space in Winchester, VA

      Strategically located shopping center with anchor and shop space available.
      175 Front Royal Pike, Winchester, VA 22602
      View Details
    • Contact for pricing
      5,000 SF

      Industrial Building on Large Lot

      5,000 SF industrial building on 8.79 acre lot.
      260 Shady Elm Rd, Winchester, VA 22602
      View Details
    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.
    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
    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

    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.