Property profile

601 Milton Ray Dr Winchester, VA 22603

OFF-MARKET
Self storage facilities
13.03 ac lot Built 2021
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Property summary

AI-generated overview

This exceptional investment opportunity presents a Class A, 113,650-square-foot self-storage portfolio in Winchester, Virginia. Comprising ten single-story buildings on 13.03 acres, this portfolio boasts 722 units with an impressive 85% occupancy rate as of July 31, 2024. Built between 2021 and 2024, the facilities are strategically located at 601 Milton Ray Dr and 1350 N Frederick Pike, Winchester, VA 22603, within Frederick County. The properties are zoned B2 and operate under fee simple ownership. The portfolio benefits from Winchester's robust population growth and high median income (over $80,000), exceeding national averages. Current rental rates are at market-top levels, outperforming competitors in most units. This portfolio offers a compelling opportunity for investors seeking high-yield returns in a rapidly expanding market. The APN numbers are 53A A 1/43 A 98A. This is a rare chance to acquire a well-performing, high-quality self-storage asset in a prime location.

Property profile

Verified
Property type Self storage facilities
Year built 2021
Lot 13.03 ac (567,587 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

601 Milton Ray Dr Winchester, VA 22603
Winchester metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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