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    The Largest CRE Database in the US with Over 1 Million Listings

    3368 Owl Creek Rd Morgantown, WV 26508

    Sponsored
    For Sale
    $375,000

    Farm 10 Acres+, Ranch - Morgantown, WV

    Type:Farm
    Property size:
    1,440 SF
    Lot size:
    17.72 Acres
    Days on Market:
    13
    Last Refresh:
    Feb 3 at 5:06 am

    Property Features for 3368 Owl Creek Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    None
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Dining Room, Kitchen, Living Room
    Bedrooms
    3
    Bathrooms
    2
    Parking
    4
    Patio and Porch features
    Porch, Deck
    Interior features
    Hot Water Heater Elec., Primary Bath, electric Stove Connection, washer Connection, electric Dryer Connection, single Level Living
    Exterior features
    Shopping/Mall, Porch, deck, storage Shed/Outbuilding, barn, double Thermo Windows, private Yard, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Microwave, Range, Refrigerator, Washer
    Size
    1,440 SF
    Lot size
    17.72 Acres

    Utilities

    Utilities
    Electricity Available, Water Available
    Heating system
    Central, Fireplace(s), Forced Air, Heat Pump (Heating), Propane (Heating)
    Cooling system
    Central Air, Heat Pump
    Water front features
    Pond

    Building Details

    Year built
    1975
    Floors in Building
    1
    Flooring type
    Vinyl
    Roof type
    Metal
    Architectural style
    Ranch
    Additional Structures
    Barn(s), Outbuilding, Packing Shed, Shed(s)

    We can help!

    Listing Contact
    ZELLA HORSEMAN
    ZELLA HORSEMAN

    horseman realty llc (304) 685-3453

    Listing agent ZELLA HORSEMAN (304) 685-3453 License #WV0004235

    Listing date Jan 22, 2026

    MLS# 10162980 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.

    Learn more

    Property Insight Report

    Overview

    Morgantown Farm Retreat on 17+ Acres

    This farm retreat, known as OWL CREEK RETREAT, spans 17.72+ acres and is located less than 4 miles from I-68. The property is situated in mature woodland, which contains timber, trails, creeks, a pond, and a spring-fed pond inhabited by Koi. The grounds are home to abundant wildlife. An orchard features apple, pear, peach, plum, nectarine, and fig trees, along with multiple types of berry bushes. Homestead amenities include two chicken coops, one with spring-fed water, a garden space with a shed, a greenhouse, and a small barn. The property includes a structure that has been transformed since 2023 with new vinyl siding, a metal roof, DP windows, new stud walls and drywall, new wiring, plumbing, and flooring. The kitchen has been remodeled with a large island and new appliances, and the bathrooms are completely new. Heating is provided by a new heat pump and propane wall heater. A covered deck offers an outdoor space. Access to the property is controlled by a solar-powered automated gate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Building Supply Auto Repair Shop Hotel & Motel Computer & Electronic Repair Storage Facility Tattoo & Piercing Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Morgantown
    County
    Monongalia
    State
    West Virginia
    Longitude
    -79.9396061
    Latitude
    39.5377545

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    FAQs

    What type of property is this?
    Farm - Farm retreat on 17+ acres near I-68 in Morgantown, WV.
    Where is this farm located?
    The property is located at 3368 Owl Creek Rd Morgantown, WV.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - 17.72+ acres of mature woodland with trails, creeks, pond, and spring-fed pond, offering privacy and recreational opportunities.; - Homestead features include a young orchard with various fruit trees and berry bushes, multiple chicken coops, garden space with shed, greenhouse, and small barn.; - Completely remodeled interior since 2023 with new vinyl siding, metal roof, DP windows, stud walls, drywall, wiring, plumbing, flooring, kitchen, and bathrooms.
    (304) 685-3453
    Request Owner's contact information
    3368 Owl Creek Rd Morgantown, WV 26508
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    Morgantown, WV 26508
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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
    3368 Owl Creek Rd Morgantown, WV 26508
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    We can help!
    Listing Contact
    ZELLA HORSEMAN
    ZELLA HORSEMAN
    Real Estate License ID: WV0004235
    (304) 685-3453
    Learn more
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