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    50 & Smokey Holw Rd Capon Bridge, WV 26711

    Sponsored
    For Sale
    Under Contract
    $450,000

    LAND - CAPON BRIDGE, WV

    Lot size:
    40.95 Acres
    Days on Market:
    33
    Last Refresh:
    Feb 7 at 3:06 am

    Property Features for 50 & Smokey Holw Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Lot size
    40.95 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Keenan L Shanholtz

    WEST VIRGINIA LAND & HOME REALTY (308) 822-4488

    Listing agent Keenan L Shanholtz (304) 822-4488 License #1539

    Listing date Jan 6, 2026

    MLS# WVHS2006686 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.

    Learn more

    Overview

    41 Acres with Stream and Views

    This property, located near Capon Bridge, WV, comprises nearly 41 acres with a variety of features, including a stream, views, pasture, and woods. It includes a 40x60 board and batten garage with living quarters and a 40x36 machine shed. The garage/workshop offers approximately 2800 sq ft of floor space with 10x60 wings on each side and includes all utilities and camper hook-ups. The property is suited as a hobby farm, with an 8-acre hayfield and an 8-acre fenced pasture equipped with 2 automatic waterers. There are wooded areas suitable for hunting, shooting, and ATV riding. Over 2000 ft of the "Mill Branch" stream flows through the land year-round. Multiple home sites offer long-range views. Over $150,000 in improvements have been made to the buildings, utilities, fencing, and infrastructure. The property consists of two tracts: one is a 20.096-acre tract fronting on RT 50 & Smokey Hollow Rd, which is unrestricted and suitable for commercial use due to its visibility from RT 50. The other is a 20.859-acre parcel known as Section 3 of Overlook Ridge, subject to covenants and $300 annual HOA dues. The property is less than a mile from Capon Bridge, 2 miles from the Virginia line, and less than 20 minutes from Winchester, VA.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Capon Bridge
    County
    Hampshire
    State
    West Virginia
    Longitude
    -78.41565534
    Latitude
    39.30230113

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    FAQs

    What type of property is this?
    Farm - Nearly 41 acres featuring stream, views, pasture, and woods.
    Where is this farm located?
    The property is located at 50 & Smokey Holw Rd Capon Bridge, 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: - Nearly 41 acres with a stream, views, pasture, and woods.; - Massive 40x60 board & batten garage with living quarters and a 40x36 machine shed, totaling approximately 2800 sq ft of floor space.; - Perfect hobby farm setup with an 8-acre hayfield, an 8-acre fenced pasture with 2 automatic waterers, and ample woods.
    (304) 813-4858
    Request Owner's contact information
    50 & Smokey Holw Rd Capon Bridge, WV 26711
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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
    50 & Smokey Holw Rd Capon Bridge, WV 26711
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    We can help!
    Listing Contact
    Keenan L Shanholtz
    Real Estate License ID: 1539
    (304) 813-4858
    Learn more
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