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Property profile & analytics
OFF-MARKET
Estimated value
$4,795,000
Industrial properties
351 Apple Vly Rd Winchester, VA 22602-2408
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-2307686
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2016
Total area
411,597 SF
Lot
32.2 ac (1,402,632 SF)
Zoning code
GENERAL INDUSTRIAL
APN
63A-58D
UPID
US87-2307686
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
-
Trex Logistic Center Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.80M
Owner & transaction history
Blackburn Commerce Center I Lc · 7 yrs held
Blackburn Commerce Center I Lc
since 2019
4 recorded transactions
Zoning & alternative use
GENERAL INDUSTRIAL · Winchester, VA
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 Winchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winchester 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
$12 / SF
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
$82,633
Tax year 2024
Assessed value
$32,405,100
Assessed 2024
Previous assessed
$32,405,100
+0.0% YoY
Effective rate
0.25%
On assessed value
Assessed land
$2,157,400
Assessed improvement
$30,247,700
Land market value
$2,157,400
Improvement market value
$30,247,700
Total market value
$32,405,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2016
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
22
Bathrooms
6
Total area
411,597 SF
Lot
32.2 ac (1,402,632 SF)
Zoning code
GENERAL INDUSTRIAL
APN
63A-58D
UPID
US87-2307686
Jurisdiction
FREDERICK
Zoning & alternative use
GENERAL INDUSTRIAL · Winchester, VAZoning GENERAL INDUSTRIAL · permitted uses
GENERAL INDUSTRIAL · Winchester, VA
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
2016
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
22
Bathrooms
6
Lot
32.2 ac
Current owner
From public records · entity-resolved
Blackburn Commerce Center I Lc
Individual
Mailing address
1057 MARTINSBURG PIKE, WINCHESTER, VA 22603-5409
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2019
—
Blackburn Commerce Center I Lc
—
Deed
related
$11,384,074 · Wells Fargo Bk
Oct 14, 2016
—
Blackburn Commerce Ctr II Lc
—
Deed
related
$15,000,000 · Miscellaneous Ins Co
—
—
Blackburn Commerce Center I Lc
—
Loan Modification
related
$11,384,074 · Wells Fargo Bk
—
—
Blackburn Commerce Ctr II Lc
—
Deed Of Trust
related
$15,000,000 · Miscellaneous Ins Co
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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