New search
Property profile & analytics
OFF-MARKET
Commercial land
1864 Winchester Ave, Martinsburg, WV 25405-4084
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US94-0480537
Property summary
AI-generated overview
This exceptional 3,787 square foot mixed-use property, situated on a 0.72-acre lot in the heart of Martinsburg, WV, presents a remarkable opportunity for business owners. Completely renovated in 2017, this turnkey space boasts sleek LVP flooring, new energy-efficient windows, a mini-split system, two heat pumps, a new roof, and upgraded lighting. Specifically designed for a salon or spa, the layout includes four double-sided stylist stations (eight stylists total), three shampoo bowls, three back bars, two dryers, a manicure table, and a pedicure chair. Additional features include a breakroom with a sink and refrigerator, two dressing rooms, and two bathrooms. Ample parking is available. The property's prime location in a high-traffic area ensures excellent visibility and accessibility for your business. This meticulously maintained building offers unparalleled functionality and style, providing the ideal foundation for your next venture. The asking price is $699,900. This is more than just a building
Property profile
Verified
Property type
Commercial land
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1956
Construction
WOOD FRAME
Total area
2,940 SF
Lot
0.68 ac (29,621 SF)
APN
02-01- 5P-0050.0000
UPID
US94-0480537
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Nikki Visions Salon, Spa & Boutique Hair Salon
-
Sandiee Alternative Medicine Practice
-
The Studio Boutique Clothing & Fashion Store
-
The Brow Bender Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dmkp LLC
Dmkp LLC
since 2026
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Martinsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Martinsburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$4,726
Tax year 2024
Assessed value
$192,540
Assessed 2024
Previous assessed
$189,180
+1.8% YoY
Effective rate
2.45%
On assessed value
Assessed land
$81,600
Assessed improvement
$110,940
Land market value
$136,000
Improvement market value
$184,900
Total market value
$320,900
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1956
Construction
WOOD FRAME
Heating
STEAM
Cooling
CENTRAL
Total area
2,940 SF
Lot
0.68 ac (29,621 SF)
APN
02-01- 5P-0050.0000
UPID
US94-0480537
Jurisdiction
BERKELEY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1956
Construction
WOOD FRAME
Heating
STEAM
Cooling
Yes
Lot
0.68 ac
Current owner
From public records · entity-resolved
Dmkp LLC
Entity
Mailing address
2018 KELLY IS RD, MARTINSBURG, WV 25405-2776
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2026
$500,000
Dmkp LLC
Stacey A Sherman
Deed
$598,120 · Cnb Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1864 Winchester Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
