Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2093 Northwestern Pike Winchester, VA 22603-3969
    Back to Search
    Property profile & analytics

    2093 Northwestern Pike, Winchester, VA 22603-3969

    View on Map
    • Commercial real estate
    • 73,226 SF
    • 10.24 lot acres
    Off-Market
    Last Sale Jun 22, 2022
    Property ID
    US87-1171503
    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.
    Value Estimations
    $5,740,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Spring Arbor of Winchester / Nursing Home / Retirement Community

    Property Details for 2093 Northwestern Pike

    Year built
    2010
    Construction
    FRAME
    Lot size
    10.24 lot acres
    Zone code
    RESTRICTIVE BUSINESS
    Property type
    Commercial real estate
    APN
    53A-82
    APU
    53A82

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 9, 2026 $20,338,000 Vtr Sprgar Winchester LLC Spring Arbor Winchester Va Landlord Special Warranty Deed —
    Jun 22, 2022 $15,400,000 Spring Arbor Winchester Va Landlord Spring Arbor Of Winchester LP Quit Claim Deed · related $197.5M · Capital Funding LLC
    — — Spring Arbor Of Winchester LP — Deed Of Trust · related $15k · Capital Funding INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Frederick
    State
    Virginia
    Longitude
    -78.2049
    Latitude
    39.1895
    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
    $42,421
    $3,717,100
    $12,918,700
    $16,635,800
    -
    $3,717,100
    $12,918,700
    $16,635,800

    Comparable in this City

    • Value Estimation by Request
      124.00 Acres

      Frog Hollow Rd

      Farms
      0 Frog Hollow Rd, Winchester, VA 22603
      View Details
    • Value Estimation by Request
      1,410 SF

      Winchester, VA 22603

      COMMERCIAL (GENERAL)
      Winchester, VA 22603
      View Details
    • Value Estimation by Request
      1,813 SF

      3407 Frederick Pike

      COMMERCIAL (GENERAL)
      3407 Frederick Pike, Winchester, VA 22603-2914
      View Details
    • Value Estimation by Request
      4,912 SF

      2754 Northwestern Pike

      COMMERCIAL (GENERAL)
      2754 Northwestern Pike, Winchester, VA 22603-3813
      View Details
    • Value Estimation by Request
      1,888 SF

      125 Bryarly Rd

      COMMERCIAL (GENERAL)
      125 Bryarly Rd, Winchester, VA 22603
      View Details
    • Value Estimation
      $1,950,000
      21,716 SF

      174 Botanical Blvd

      COMMERCIAL (GENERAL)
      174 Botanical Blvd, Winchester, VA 22603-3977
      View Details

    Similar Nearby for Sale

    • $359,800

      Renovated Winchester Home Near I-81

      Renovated home with B2 zoning near Interstate 81.
      148 Amoco Ln, Winchester, VA 22603
      View Details
    • $59,900
      0.19 Acres

      Buildable Lot Near Winchester City

      Prime lot near Winchester with public utilities and storage sheds.
      Purcell Ln, Winchester, VA 22603
      View Details
    • $199,900
      5.00 Acres

      Residential Land in Winchester, VA

      5-acre residential lot for custom home in established community.
      181 Oak Dr, Winchester, VA 22603
      View Details
    • $425,000
      48.60 Acres

      48.6 Acres of Land

      Two parcels of land totaling 48.6 acres in Winchester, VA.
      Easter Ridge Ln, Winchester, VA 22603
      View Details
    • $285,000
      40.20 Acres

      40-Acre Wooded Retreat with Cabin

      Secluded 40-acre wooded property with cabin and development potential.
      507 Easter Ridge Ln, Winchester, VA 22603
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      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
    • Contact for pricing
      806,000 SF

      I-81 Stonewall Industrial Park

      Proposed warehouse project with I-81 access and industrial opportunities.
      420 Lenoir Dr, Winchester, VA 22603
      View Details
    • $1,121 /Mo

      Office Space with Storage

      Office space featuring storage, kitchenette, and two half baths.
      274 Tyson Dr #274, Winchester, VA 22603
      View Details
    • Contact for pricing
      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
    • 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
    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.
    2093 Northwestern Pike
    Winchester, VA 22603-3969
    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

    Thank You for Inquiry
    2093 Northwestern Pike, Winchester, VA, 22603
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!