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    1358 N Preston Highway Kingwood, WV 26537

    View on Map
    For Sale
    $4,000,000

    Colonial,Farmhouse,Other, Farm 10 Acres+ - Kingwood, WV

    Type:Farm
    Property size:
    2,148 SF
    Lot size:
    500.03 Acres
    Added:
    Mar 20, 2026
    Days on Market:
    13
    Last Refresh:
    Apr 1 at 10:06 am

    Property Features for 1358 N Preston Highway

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Den, Dining Room, Family Room, Great Room, Kitchen, Laundry, Living Room
    Parking
    5
    Parking features
    Other
    Interior features
    Water Filter, cable Available, hot Water Heater Gas, high Speed Internet Ready, Walk-in Closets, 9ft+ Ceiling, walk-up Attic, washer Connection, gas Dryer Connection, other
    Exterior features
    Shopping/Mall, library, medical Facility, other, Storage Shed/Outbuilding, barn, landscaped, other, Fence
    Fencing
    Fenced
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Microwave, Range, Refrigerator, Washer
    Standard status
    Active
    Size
    2,148 SF
    Lot size
    500.03 Acres

    Taxes and HOA fees

    TaxYear
    2023
    TaxAnnualAmount
    107940

    Utilities

    Utilities
    Cable Available, Water Available
    Heating system
    Fireplace(s), Heat Pump (Heating), Natural Gas
    Cooling system
    Multi Units, None (Cooling), Window Unit(s)
    Water front features
    Stream/Creek, River, Stream/Creek

    Building Details

    Year built
    1818
    Floors in Building
    2
    Flooring type
    Concrete, Tile, Tile - Ceramic, Wood
    Building materials
    Stone
    Roof type
    Shingle
    Architectural style
    Colonial
    Additional Structures
    Barn(s), Outbuilding, Packing Shed, Shed(s)

    We can help!

    Listing Contact
    JULIE KNIGHT

    Listing agent JULIE KNIGHT License #WV0030446

    Listing office OLD COLONY COMPANY OF MORGANTOWN 1000 Hampton Center, Morgantown, WV

    Listing date Mar 20, 2026

    MLS# 10153410 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

    Historic Colonial Farmhouse on 500 Acres

    This property, known as Fairfax Manor, offers a piece of American and West Virginia history. Located in Preston County, WV, this Colonial Fieldstone Farmhouse was originally built in 1818. The property includes barns and outbuildings, original woodwork, and craftsman fireplaces in all gathering rooms. The property encompasses over 500 acres. The main structure offers 2148 square feet of living space. This property offers a unique opportunity to own a piece of the past.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Restaurant Law Firm Building Supply Auto Repair Shop Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kingwood
    County
    Preston
    State
    West Virginia
    Longitude
    -79.653679
    Latitude
    39.480438

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    FAQs

    What type of property is this?
    Farm - Historic 1818 Colonial farmhouse with barns and expansive acreage.
    Where is this farm located?
    The property is located at 1358 N Preston Highway Kingwood, WV.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: Historic Colonial Fieldstone Farmhouse (Built in 1818): Own a piece of American and West Virginia history.; Expansive Acreage with Barns and Outbuildings: Provides ample space and storage.; Original Woodwork and Craftsman Fireplaces in All Gathering Rooms: Showcases the home's character and charm.
    (304) 680-6404
    We can help!
    Listing Contact
    JULIE KNIGHT
    Real Estate License ID: WV0030446
    Learn More
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    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
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