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    188 Buzzy St Oak Hill, WV 25901

    Sponsored
    For Sale
    $249,000

    Vacant Land - Oak Hill, WV

    Property size:
    6,000 SF
    Lot size:
    1.85 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 24 at 8:06 pm

    Property Features for 188 Buzzy St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    900
    Parking features
    Garage
    Size
    6,000 SF
    Lot size
    1.85 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Randy Burdette
    Randy Burdette

    Foxfire Realty (304) 645-7674

    Listing agent Randy Burdette (304) 645-7674

    Listing date Feb 23, 2026

    MLS# 11661369 Listing URL

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

    Learn more

    Property Insight Report

    Overview

    Historic Summerlee Company Store Land

    Located near Oak Hill, WV, the Summerlee WV New River Company Store property offers 1.85 acres in the New River Gorge area of Fayette County, WV. The property features a historic 6000 SF structure, originally built as a coal company store and currently configured as a private residence and home church facility. The building includes multiple large rooms with high ceilings, original hardwoods, and vintage architectural details. The layout is suitable for residential uses and more, with zoning approval. The property is set in a private country setting with open views, mature trees, and neighboring pastureland. Horses graze on the adjacent farm, adding to the rural atmosphere. Ample parking and open acreage are available for expansion, events, or agricultural use. Constructed during West Virginia's coal boom, the Summerlee Company Store served as the economic and social hub for miners and families of the New River Coal Company. The store's architecture reflects the early 20th-century industrial vernacular. The property is minutes from Oak Hill, offering privacy and proximity to schools, healthcare, shopping, and dining. It is also close to the New River Gorge National Park & Preserve, which offers rock climbing, whitewater rafting, hiking, and scenic overlooks. The property has potential for residential use, ministry/church facility, or commercial/mixed-use, such as boutique retail, a cafe, gallery, or event venue, or a museum honoring coal history. The flat acreage is suitable for gardens, livestock, or horse paddocks. Easy access to US Route 19 and WV Route 16 and proximity to Beckley, Fayetteville, and Charleston are additional benefits. Utilities are available or nearby, and high-speed internet has potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Real Estate Agency Dental Office Accounting Firm Storage Facility Bar & Pub Garden Center Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Hill
    County
    Fayette
    State
    West Virginia
    Longitude
    -81.161711
    Latitude
    38.004839

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    FAQs

    What type of property is this?
    Church & religious facility - 1.85 acres near New River Gorge National Park.
    Where is this church & religious facility located?
    The property is located at 188 Buzzy St Oak Hill, WV.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: - Historic 6000 SF New River Coal Company Store: A rare, well-preserved landmark from West Virginia's coal boom era.; - Prime Location near New River Gorge National Park & Preserve: Less than 10 minutes from world-class outdoor recreation and scenic beauty.; - Versatile property suitable for multi-generational living, commercial ventures (with zoning approval), or agricultural pursuits.
    (304) 667-2897
    Request Owner's contact information
    188 Buzzy St Oak Hill, WV 25901
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    Oak Hill, WV 25901
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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
    188 Buzzy St Oak Hill, WV 25901
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    We can help!
    Listing Contact
    Randy Burdette
    Randy Burdette
    (304) 667-2897 (304) 645-7674
    Learn more
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