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

    6 Richards Ave Winchester, VA 22601-4918

    • Commercial real estate
    • 33,139 SF
    • 4.33 lot acres
    OFF-MARKET
    Value Estimations
    $2,460,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1273310
    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

    • Northside Lanes / Bowling Alley
    • Northside Pro Shop / (Bike/Boat/Book/etc) Store / Bowling Alley

    Property Details for 6 Richards Ave

    Year built
    1959
    Lot size
    4.33 lot acres
    Property size
    33,139 SF
    Zone code
    B2
    Property type
    Commercial real estate
    APN
    134-03- - 1-
    APU
    134031

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,124,000
      Market price range: $1.85M - $6.35M

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

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Winchester City
    State
    Virginia
    Longitude
    -78.1598
    Latitude
    39.1982
    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
    $21,036
    $943,100
    $1,591,350
    $2,534,450
    -
    $943,100
    $1,591,350
    $2,534,450

    Comparable in this City

    • Value Estimation by Request
      1,120 SF

      2925 Grace St

      COMMERCIAL (GENERAL) • 1,120 SF
      2925 Grace St, Winchester, VA 22601
      View Details
    • Value Estimation
      $2,740,000
      14,838 SF

      645 Jubal Early Dr

      COMMERCIAL (GENERAL) • 14,838 SF
      645 Jubal Early Dr, Winchester, VA 22601-5179
      View Details
    • Value Estimation
      $2,020,000
      10,314 SF

      100 Jubal Early Dr

      COMMERCIAL (GENERAL) • 10,314 SF
      100 Jubal Early Dr, Winchester, VA 22601-6376
      View Details
    • Value Estimation by Request
      3,720 SF

      450 Kerns Aly

      COMMERCIAL (GENERAL) • 3,720 SF
      450 Kerns Aly, Winchester, VA 22601-4816
      View Details
    • Value Estimation
      $650,000
      1,958 SF

      147 Lee Ave

      COMMERCIAL (GENERAL) • 1,958 SF
      147 Lee Ave, Winchester, VA 22601-4939
      View Details
    • Value Estimation
      $19,405,000
      181,832 SF

      2320 Legge Blvd

      COMMERCIAL (GENERAL) • 181,832 SF
      2320 Legge Blvd, Winchester, VA 22601-7008
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.01 Acres

      Winchester Garage Space for Lease

      Prime Downtown Garage, Immediate Occupancy
      20 Bond St, Winchester, VA 22601
      View Details
    • $819,000

      Historic Winchester Commercial Property

      Prime Redevelopment Opportunity in Old Town
      230 Boscawen St, Winchester, VA 22601
      View Details
    • $1,630,000

      Historic Winchester Commercial Property

      Prime Old Town location, mixed-use potential
      48 Boscawen St, Winchester, VA 22601
      View Details
    • $3,995,000
      17,518 SF

      Downtown Winchester Restaurant & Bar

      Established Business, Real Estate Included
      125 Piccadilly St, Winchester, VA 22601
      View Details
    • $950,000
      4,589 SF

      this venue provides both functionality and elegance. Additionally

      its versatile design allows for a range of other uses including financial
      650 Cedar Creek Grade, Winchester, VA 22601
      View Details
    • $850,000
      3,577 SF

      Winchester Office Condo - Great ROI

      Triple Net Lease, Tenant in Place, Excellent Location
      142 Linden Dr, Winchester, VA 22601
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr

      Downtown Winchester Restaurant Opportunity

      Restaurant space in historic downtown Winchester with outdoor dining area.
      100 N Loudoun St, Winchester, VA 22601
      View Details
    • $2,995 /Mo

      Professional Office Space Available

      3,009 SF office space in the Old Post Office Building.
      200 Braddock St N, Winchester, VA 22601
      View Details
    • $1,000 /Mo

      Winchester Spas and Studios Suites

      Premium office suites for wellness, beauty, and creative professionals.
      2055 Valley Ave, Winchester, VA 22601
      View Details
    • $20 SF/Yr

      Winchester Specialty Property For Rent

      Specialty property available for rent in Winchester.
      629 Cedar Crk, Winchester, VA 22601
      View Details
    • $20 SF/Yr

      Winchester Specialty Property For Rent

      Specialty property available for rent in Winchester, Virginia.
      629 Cedar Crk, Winchester, VA 22601
      View Details
    • $1,250 /Mo

      Retail/Office Space on Valley Avenue

      Ground-level retail or office space with high visibility available for lease.
      2641 Valley Ave, Winchester, VA 22601
      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.
    6 Richards Ave
    Winchester, VA 22601-4918
    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.