Add Listing
    For Sale
    • 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

    0 Plantation Drive Elkins, WV 26241

    View on Map
    For Sale
    $1,000,000

    Commercial Land - Elkins, WV

    Lot size:
    2.45 Acres
    Added:
    Jul 26, 2025
    Days on Market:
    250
    Last Refresh:
    Apr 1 at 6:06 pm

    Property Features for 0 Plantation Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Central Commercial Business
    Exterior features
    Curbs & Gutters, drive, finish Graded, lot Staked, storm Drains
    Standard status
    Active
    Lot size
    2.45 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    14558

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    JOHN LYNCH

    Listing agent JOHN LYNCH License #WV0027247

    Listing office PROPST REALTY 236 Beverly Pike, Elkins, WV

    Listing date Jul 26, 2025

    MLS# 10160599 Listing URL

    Copyright © 2026 North Central West Virginia Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Land Opportunity

    This 2.45-acre site is part of a larger 30.623-acre parcel of prime commercial land adjacent to the Hampton Inn in Elkins, West Virginia. The property is zoned for commercial use, making it suitable for retail, hospitality, mixed-use development, or other business applications. Its proximity to Plantation Shopping Center enhances its appeal, offering a customer base and foot traffic from nearby commercial establishments. The location provides direct access to major roads, offering high-traffic visibility. The site is located minutes away from local retail, dining, historic downtown, and essential services. Utilities such as water, sewer, and electricity are accessible nearby. This property is located near established hotels, retail centers, and a growing commercial district. This land provides the canvas to create a commercial venture.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Elkins
    County
    Randolph
    State
    West Virginia
    Longitude
    -79.8394472
    Latitude
    38.8942441

    Nearby Similar for Sale

    • $489,500
      1,120 SF

      Turn-Key Auto Dealership Opportunity

      Established auto dealership property on 0.30 acres with office building.
      1197 Beverly Pike, Elkins, WV 26241
      View Details
    • $259,000
      3,963 SF

      Elkins Commercial Building For Sale

      Versatile commercial building in a high-traffic area, suitable for various uses.
      1092 Harrison Avenue, Elkins, WV 26241
      View Details
    • $415,000

      Elkins Commercial Land Opportunity

      Shovel-ready commercial land with high traffic and development potential.
      935 N Randolph Avenue, Elkins, WV 26241
      View Details
    • $390,000
      6,083 SF

      Elkins Office Building For Sale

      Large office complex in active business district of Elkins.
      1502 Harrison Avenue, Elkins, WV 26241
      View Details
    • $500,000

      Prime Commercial Land Opportunity

      1.58 acre commercial land near Hampton Inn, Elkins, WV.
      000 Plantation Drive, Elkins, WV 26241
      View Details
    • $489,500
      1,120 SF

      Turn-Key Auto Dealership Opportunity

      Established auto dealership property on 0.30 acres with modular office.
      1197 Beverly Pike, Elkins, WV 26241
      View Details
    • $19,900

      Corner Lots in Elkins, WV

      Prime corner lots suitable for residential or commercial development.
      LOT 1 Lincoln Avenue, Elkins, WV 26241
      View Details
    • $40,000

      Residential Land in Elite Development

      Residential land for sale in Elkins, West Virginia.
      LOT 9 Bosworth Drive, Elkins, WV 26241
      View Details
    • $36,500

      Residential Land in Elite Development

      Residential land for sale in Elkins, West Virginia.
      LOT 17 Sullivan Drive, Elkins, WV 26241
      View Details
    • $85,000

      Residential Land in Elite Development

      2.82 acres in Sullivans Crossing, Elkins, WV.
      LOT 41 Hayfield Loop, Elkins, WV 26241
      View Details
    • $36,500

      Residential Land in Sullivans Crossing

      Corner lot in Elkins' elite Sullivans Crossing development.
      LOT 47 Sullivan Drive, Elkins, WV 26241
      View Details
    • $379,000

      33 Acres of Farmland

      33-acre farmland parcel with pond, stream, woodlands, and fields.
      104 Midway Loop, Elkins, WV 26241
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.45 acres of commercial land adjacent to Hampton Inn.
    Where is this commercial land located?
    The property is located at 0 Plantation Drive Elkins, WV.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Prime Commercial Land: 30.623 acres of commercially zoned land.; High‑Visibility Location: Adjacent to Hampton Inn and close to Plantation Shopping Center in Elkins, WV.; Direct Access to Major Roads: Ensures high traffic visibility and easy accessibility.
    (304) 516-9814
    We can help!
    Listing Contact
    JOHN LYNCH
    Real Estate License ID: WV0027247
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!