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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Warehouses
5550 Winchester Ave, Martinsburg, WV 25405-7500
Entity Owned
10-yr Hold
Free & Clear
Property ID
US94-0480740
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1959
Construction
STEEL FRAME
Total area
9,918 SF
Lot
40.83 ac (1,778,555 SF)
APN
02-01- 18-0034.0001
UPID
US94-0480740
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
-
BlueRidge and Technical College - Technology Center High School
-
Ply Gem - Cornerstone Building Brands Industrial Manufacturer Production Facility
-
Heritage Interactive Services Warehouse & Storage
-
McIntosh Box and Pallet Company Industrial Manufacturer Production Facility
-
Bayer Heritage Federal Credit Union Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
$905k
Blend (final)
Blend
$985k
Owner & transaction history
Berkeley Business Park Associates L · 10 yrs held
Berkeley Business Park Associates L
since 2015
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+163.4%
Auto repair, garage
$1.0M
+80.4%
Restaurant
$1.0M
+74.0%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,160,000
6.5%
$1,070,000
7%
$995,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,525,000
Change: +163% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,045,000
Change: +80% · Conversion: Easy
RESTAURANT
$1,010,000
Change: +74% · Conversion: Difficult
MEDICAL BUILDING
$865,000
Change: +50% · Conversion: Difficult
OFFICE BUILDING
$765,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$645,000
Change: +12% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$605,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$99 / 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
$259,753
Tax year 2024
Assessed value
$10,583,150
Assessed 2024
Previous assessed
$10,284,530
+2.9% YoY
Effective rate
2.45%
On assessed value
Assessed land
$764,810
Assessed improvement
$9,818,340
Land market value
$1,274,600
Improvement market value
$16,363,900
Total market value
$17,638,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1959
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
CENTRAL
Total area
9,918 SF
Lot
40.83 ac (1,778,555 SF)
APN
02-01- 18-0034.0001
UPID
US94-0480740
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RESTAURANT
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$865,000
OFFICE BUILDING
Est. value
$765,000
RETAIL STORES
Est. value
$645,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$605,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1959
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Lot
40.83 ac
Current owner
From public records · entity-resolved
Berkeley Business Park Associates L
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 2530, WINCHESTER, VA 22604-1729
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2025
—
Berkeley Business Park Associates L
—
Deed
related
$12,000,000 · First Bank
Sep 3, 2015
—
Berkeley Business Park Associates L
John P Good JR
Deed
—
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.
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