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741 Airport Rd 2,600 SF Specialty Building Offered at $665,000 at a 5% Cap Rate in Winchester, VA 22602
Investment Highlights
- Less than 90 minutes from Washington, D.C.
Executive Summary
This is a Winchester Development project offering a rare opportunity to secure premium aircraft hangar space at Winchester Regional Airport (KOKV), located less than 90 minutes from Washington, D.C.
The overall development will consist of 32 total hangars. Phase I included five hangars; four have been sold, with one remaining, priced at $665,000. The remaining hangar includes a private full bathroom and is available for immediate purchase.
We are now accepting deposits for Phase II, which introduces additional development opportunities across the airport. Phase II may be constructed as five individual hangars or alternatively as a single build-to-suit facility, depending on buyer needs and aircraft requirements.
Planned future development includes:
A 120' × 120' hangar site located adjacent to the airport terminal, offering prime access and visibility
A dedicated restaurant pad also positioned next to the terminal, enhancing on-airport amenities and pilot traffic
Development on the Northwest side of the airport, allowing for 75' × 75' hangars built in groups of three
Additional 100' × 100' hangars suitable for larger aircraft and specialty aviation operations
Each hangar offers the ability to incorporate private offices, storage, and owner-specific improvements, allowing customization based on operational and personal requirements.
Located in Frederick County, aircraft owners benefit from lower personal property taxes, and the airport’s location outside the Washington, D.C. SFRA enables unrestricted private flight operations. Winchester Regional Airport continues to emerge as one of Virginia’s most strategic general aviation hubs, combining accessibility, visibility, and long-term investment value.
The overall development will consist of 32 total hangars. Phase I included five hangars; four have been sold, with one remaining, priced at $665,000. The remaining hangar includes a private full bathroom and is available for immediate purchase.
We are now accepting deposits for Phase II, which introduces additional development opportunities across the airport. Phase II may be constructed as five individual hangars or alternatively as a single build-to-suit facility, depending on buyer needs and aircraft requirements.
Planned future development includes:
A 120' × 120' hangar site located adjacent to the airport terminal, offering prime access and visibility
A dedicated restaurant pad also positioned next to the terminal, enhancing on-airport amenities and pilot traffic
Development on the Northwest side of the airport, allowing for 75' × 75' hangars built in groups of three
Additional 100' × 100' hangars suitable for larger aircraft and specialty aviation operations
Each hangar offers the ability to incorporate private offices, storage, and owner-specific improvements, allowing customization based on operational and personal requirements.
Located in Frederick County, aircraft owners benefit from lower personal property taxes, and the airport’s location outside the Washington, D.C. SFRA enables unrestricted private flight operations. Winchester Regional Airport continues to emerge as one of Virginia’s most strategic general aviation hubs, combining accessibility, visibility, and long-term investment value.
Property Facts
| Price | $665,000 | Building Class | B |
| Price Per SF | $255.77 | Lot Size | 3.27 AC |
| Sale Type | Investment | Building Size | 2,600 SF |
| Cap Rate | 5% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2022 |
| Property Subtype | Airplane Hangar | ||
| Zoning | RA - Agricultural zoning. | ||
| Price | $665,000 |
| Price Per SF | $255.77 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Property Type | Specialty |
| Property Subtype | Airplane Hangar |
| Building Class | B |
| Lot Size | 3.27 AC |
| Building Size | 2,600 SF |
| No. Stories | 1 |
| Year Built | 2022 |
| Zoning | RA - Agricultural zoning. |
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 645-4A | Improvements Assessment | $511,880 |
| Land Assessment | $116,700 | Total Assessment | $628,580 |
Property Taxes
Parcel Number
645-4A
Land Assessment
$116,700
Improvements Assessment
$511,880
Total Assessment
$628,580
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