740 Front Royal Pike - Winchester, VA 22602
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.