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    Branchland Eight-Unit Apartment Building Title is generated by Realmo AI

    4484 McClellan Highway, Branchland, WV 25506

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    Pending
    $450,000

    Eightplex, Two Story - Branchland, WV

    Property size:
    7,392 SF
    Lot size:
    0.91 Acres
    Added:
    Feb 3, 2025
    Days on Market:
    472
    Last Refresh:
    May 21 at 11:06 pm

    Property Features for 4484 McClellan Highway

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Security features
    Smoke Detector(s)
    Patio and Porch features
    Deck
    Interior features
    Smoke Detector(s), Hot Water Heater Electric
    Exterior features
    Deck, Insulated Windows, Storage Shed/Out Building
    Appliances
    Range, Refrigerator
    Standard status
    Pending
    APN
    42.3
    Size
    7,392 SF
    Lot size
    0.91 Acres

    Utilities

    Utilities
    Electricity Available, Water Available
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1981
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Packing Shed, Shed(s)

    We can help!

    Listing Contact
    Brody Nash
    Brody Nash

    Listing agent Brody Nash

    Listing office Century 21 Homes and Land 5150 US Route 60 Eeast, BARBOURSVILLE, WV

    Listing date Feb 3, 2025

    MLS# 180431 Listing URL

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

    HighLights

    • High‑yielding investment property generating $6,168/month with low maintenance
    • 100% occupancy with the majority of rent paid by HUD, ensuring reliable cash flow
    • Existing property management and bookkeeper (HUD compliance) available to stay on
    • Brick construction with four 3‑bedroom units and four 2‑bedroom units
    • Permitted and professionally maintained sewer treatment facility
    • Includes desirable features such as central air, decks, and storage shed

    Overview

    This two-story, brick construction apartment building in Branchland, WV, is suitable for investors seeking passive income. The property consists of eight units: four units with three bedrooms and one bathroom each, and four units with two bedrooms and one bathroom each. The building is fully occupied and generates a monthly income of $6,168, with approximately $1,400 in expenses. The 0.91-acre property has a total area of 7,392 square feet. The majority of the rent is paid by HUD, ensuring reliable cash flow. A local property management team and a bookkeeper handling HUD compliance are in place and available to stay on board. The property also features a permitted sewer treatment facility that is professionally maintained.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Branchland
    County
    Lincoln
    State
    West Virginia
    Longitude
    -82.1876191
    Latitude
    38.2040907

    FAQs

    What type of property is this?
    Apartment building - Fully occupied eight-unit apartment building in Branchland, West Virginia.
    Where is this apartment building located?
    The property is located at 4484 McClellan Highway Branchland, WV.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: High‑yielding investment property generating $6,168/month with low maintenance; 100% occupancy with the majority of rent paid by HUD, ensuring reliable cash flow; Existing property management and bookkeeper (HUD compliance) available to stay on
    (304) 208-6190
    We can help!
    Listing Contact
    Brody Nash
    Brody Nash
    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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    4484 McClellan Highway, Branchland, WV 25506
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