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    Property profile & analytics

    1160 Jordan Springs Rd Stephenson, VA 22656

    • Land
    • 200.00 lot acres
    For Sale
    View listing
    $5,550,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Special Event Salon / Event Planning / Wedding Service
    • Jordan Springs Estate / Wedding Service
    • Veteran Reporters, Inc. / Law Firm
    • County Court Reporters, Inc. / Law Firm
    • Majewski Patricia A MD / Physician

    Property Details for 1160 Jordan Springs Rd

    Lot size
    200.00 lot acres
    Property type
    Land

    Description

    Exceptional 200-acre land opportunity in Stephenson, Virginia, ideally suited for residential developers, builders, and investors. This fee-simple property, zoned RA, allows for the creation of up to 40 single-family homes on lots ranging from one to five acres. The land features a mix of flat and gently rolling terrain, promising cost-effective development. Conveniently located just two miles from Interstate 81 and Virginia Route 7, and a short five-minute drive from historic downtown Winchester, this location offers unparalleled accessibility. The property comprises two tax parcels requiring a standard lot line adjustment. Importantly, this is a "by-right" permitted use, necessitating only administrative approval from planning staff

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Stephenson
    County
    Frederick
    State
    Virginia
    Longitude
    -78.0859
    Latitude
    39.2153

    Comparable in this City

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      5.77 Acres

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      1.37 Acres

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      VACANT COMMERCIAL LAND • 1.37 Acres
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      3.21 Acres

      Stephenson, VA 22656

      VACANT COMMERCIAL LAND • 3.21 Acres
      Stephenson, VA 22656
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    • Value Estimation
      $15,660,000
      128.32 Acres

      Stephenson, VA 22656

      VACANT COMMERCIAL LAND • 128.32 Acres
      Stephenson, VA 22656
      View Details
    • Value Estimation by Request
      15.85 Acres

      2491 Martinsburg Pike

      VACANT COMMERCIAL LAND • 15.85 Acres
      2491 Martinsburg Pike, Stephenson, VA 22656-1784
      View Details

    Similar Nearby for Sale

    • $5,550,000
      200.00 Acres

      Prime Stephenson, VA Land

      200 acres for residential development
      1160 Jordan Springs Rd, Stephenson, VA 22656
      View Details
    • $1,411,000
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      Prime M-1 Commercial Land in VA

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    • $575,000
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      Three Detached Homes Investment Opportunity

      Three detached homes on one parcel, excellent investment opportunity.
      437 Stephenson Rd, Stephenson, VA 22656
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    • $515,000

      Multifamily Property Former Schoolhouse

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    • $129,720
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    1160 Jordan Springs Rd
    Stephenson, VA 22656
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    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
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