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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    178 Rivendell Ct Winchester, VA 22603-8630

    • Commercial real estate
    • 15,750 SF
    • 4.40 lot acres
    OFF-MARKET
    Value Estimations
    $1,190,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1864716
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Stonewall Plaza Storage / Storage Facility

    Property Details for 178 Rivendell Ct

    Year built
    2017
    Lot size
    4.40 lot acres
    Property size
    15,750 SF
    Zone code
    RESTRICTIVE BUSINESS
    Property type
    Commercial real estate
    APN
    42A-198N
    APU
    42A198N

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Frederick
    State
    Virginia
    Longitude
    -78.1742
    Latitude
    39.2121
    CBSA code
    49020
    CBSA name
    WINCHESTER, VA-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $7,766
    $1,159,600
    $1,885,900
    $3,045,500
    -
    $1,159,600
    $1,885,900
    $3,045,500

    Comparable in this City

    • Value Estimation
      $1,360,000
      52,640 SF

      886 Baker Ln

      COMMERCIAL (GENERAL) • 52,640 SF
      886 Baker Ln, Winchester, VA 22603
      View Details
    • Value Estimation by Request
      3,090 SF

      287 Old Bethel Church Rd

      COMMERCIAL (GENERAL) • 3,090 SF
      287 Old Bethel Church Rd, Winchester, VA 22603-4048
      View Details
    • Value Estimation by Request
      1,280 SF

      112 Pikeside Ln

      COMMERCIAL (GENERAL) • 1,280 SF
      112 Pikeside Ln, Winchester, VA 22603-5878
      View Details
    • Value Estimation
      $45,675,000
      161,923 SF

      430 Market St

      COMMERCIAL (GENERAL) • 161,923 SF
      430 Market St, Winchester, VA 22603-4753
      View Details
    • Value Estimation
      $915,000
      19,904 SF

      1593 Martinsburg Pike

      COMMERCIAL (GENERAL) • 19,904 SF
      1593 Martinsburg Pike, Winchester, VA 22603-5404
      View Details
    • Value Estimation by Request
      2,720 SF

      1521 Martinsburg Pike

      COMMERCIAL (GENERAL) • 2,720 SF
      1521 Martinsburg Pike, Winchester, VA 22603-5416
      View Details

    Similar Nearby for Sale

    • $900,000
      3,910 SF

      Winchester Car Wash - Prime Location

      Profitable Car Wash Business & Real Estate
      321 Sunnyside Plaza Dr, Winchester, VA 22603
      View Details
    • $99,900

      Recreational Land with Creek Access

      Wooded land featuring creek, suitable for recreation and hunting.
      Lot 11-Hoover Mtn Pack Horse Rd, Winchester, VA 22603
      View Details
    • $379,900

      Specialty Property for Sale

      Specialty property available for sale.
      1243 N Frederick Pike, Winchester, VA 22603
      View Details
    • $1,175,000

      Winchester Specialty Property For Sale

      Specialty property available for purchase in Winchester, Virginia.
      2321 Cedar Grove Rd, Winchester, VA 22603
      View Details
    • $160,000
      9.59 Acres

      Secluded Cabin on Wooded Acreage

      Private 9.59-acre lot with cabin near Winchester, Virginia.
      Files Chapel Dr, Winchester, VA 22603
      View Details
    • $266,000

      Recreational Land with Hunting Cabin

      Land with hunting cabin near Winchester, ideal for recreation.
      Easter Rdg Lot 7A Ln, Winchester, VA 22603
      View Details

    Similar Nearby for Lease

    • $1,121 /Mo

      Office Space in Winchester, VA

      Office space for lease featuring multiple offices, kitchenette, and storage.
      274 3B, Winchester, VA 22603
      View Details
    • Contact for pricing
      14,400 SF

      Winchester Warehouse Space Available

      14,400 sq ft warehouse space for rent.
      255 Fort Collier Rd, Winchester, VA 22603
      View Details
    • Contact for pricing
      4,842 SF

      Retail Space Near I-81

      Retail space available in a shopping center near I-81.
      151 Market St, Winchester, VA 22603
      View Details
    • $7 SF/Yr
      102,500 SF

      Winchester Warehouse with Food-Grade Construction

      132,223 SF warehouse featuring food-grade construction and high ceilings.
      411 Brooke Rd, Winchester, VA 22603
      View Details
    • $12 SF/Yr
      10,000 SF

      Warehouse with Flexible Office Space

      10,000 SF warehouse with offices near I-81.
      275 Mcghee Rd, Winchester, VA 22603
      View Details
    • $10,425 /Mo

      Warehouse Space with Office

      18,000 SF warehouse with office space available June 1, 2025.
      255 Tyson Dr, Winchester, VA 22603
      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.
    178 Rivendell Ct
    Winchester, VA 22603-8630
    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.