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    Land with Stream and Well Title is generated by Realmo AI

    1704 POSEY HOLLOW, Berkeley Springs, WV 25411

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    Claim this Listing
    For Sale
    $114,900

    LAND - BERKELEY SPRINGS, WV

    Lot size:
    6.38 Acres
    Added:
    Mar 17, 2026
    Days on Market:
    82
    Last Refresh:
    Jun 6 at 12:06 am

    Property Features for 1704 POSEY HOLLOW

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    6.38 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1100

    We can help!

    Listing Contact
    Amanda Llewellyn-Chaney
    Amanda Llewellyn-Chaney

    Listing agent Amanda Llewellyn-Chaney License #WVS210301781

    Listing office Keller Williams Realty Advantage 3684 Shepherdstown Road, Martinsburg, WV

    Listing date Mar 17, 2026

    MLS# WVMO2007352 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 6.38‑acre property with cleared pasture alongside a private stream
    • High‑producing well with 50+ GPM yield
    • 200‑amp electric service plus camper hookup
    • Approved perc already in place
    • Utilities already installed and major groundwork complete
    • Animal‑friendly: chickens, goats (up to 6), and up to two horses permitted

    Overview

    This sale offering presents 6.38 acres of land with a cleared pasture area that runs alongside a private stream. The property is set up for immediate planning with an approved perc already in place and a high-producing well yielding 50+ gallons per minute. Utilities are also in place, including a 200-amp electric service with camper hookup, and much of the groundwork appears complete, helping reduce delays in getting started. The setting is well suited to hobby farming and outdoor recreation, with room for animals and land-based activities.

    The property is located in Morgan County near Berkeley Springs, WV, with the address listed as 1704 Posey Hollow. The combination of cleared pasture and stream frontage creates a usable, natural backdrop for a small farmette, a weekend retreat, or a full-time homestead environment.

    From a tenant or buyer fit perspective, this is best aligned with buyers looking for build-ready rural land that supports on-site water and septic planning. The existing well, approved perc, and electric service make it practical for someone planning a primary home, barndominium, or similar rural build while keeping the flexibility to use the land for animals and outdoor hobbies.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Berkeley Springs
    County
    Morgan
    State
    West Virginia
    Longitude
    -78.21107
    Latitude
    39.48145

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - A cleared acreage offering a private stream, approved perc, and well for straightforward off-grid ready planning.
    Where is this agricultural land / farmland located?
    The property is located at 1704 POSEY HOLLOW Berkeley Springs, WV.
    What is the asking price?
    The asking price for this property is $114,900.
    What are key features of this property?
    This property features: 6.38‑acre property with cleared pasture alongside a private stream; High‑producing well with 50+ GPM yield; 200‑amp electric service plus camper hookup
    (301) 991-3404
    We can help!
    Listing Contact
    Amanda Llewellyn-Chaney
    Amanda Llewellyn-Chaney
    Real Estate License ID: WVS210301781
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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.

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    1704 POSEY HOLLOW, BERKELEY SPRINGS, WV 25411
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