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    5618 Ellison Ridge Road Flat Top, WV 25841

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    Claim this Listing
    For Sale
    $220,000

    Vacant Land - Flat Top, WV

    Lot size:
    45.00 Acres
    Added:
    Jun 25, 2025
    Days on Market:
    311
    Last Refresh:
    May 1 at 11:06 am

    Property Features for 5618 Ellison Ridge Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Lot size
    45.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    451

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Richard Grist

    Listing agent Richard Grist

    Listing office Foxfire Realty 1029 Washington Street East, Lewisburg, WV

    Listing date Jun 25, 2025

    MLS# 11545472 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.

    Overview

    45 Acres of Recreational Land

    The 45-acre Ellison Ridge Field and Forest offers the opportunity to create a family legacy or a rural residential project. The terrain is rolling to mountainous, with upland hardwood flats and ridges separated by narrow hollows. The property includes a quality Oak and yellow Poplar dominated Appalachian timber investment with a ready to harvest timber resource. Situated near the Greenbrier River and New River Gorge recreation area, the property offers rural estate qualities with potential for future development. Mountain wildflowers can be enjoyed every spring and summer. The location offers long views and little light pollution. Recreational opportunities include water sports, fishing, hiking, and ATV riding. Trails throughout the property provide opportunities for game watching, birdwatching, and photography. The property has approximately 5 acres of fertile crop and pasture land and 40 acres of mature hardwood timber. It has easy access to 1-77, 1-64, US Rt. 19, and US Rt. 460. The property is located 30 minutes from Winterplace Ski Resort and the New River. Nearby are the Greenbrier River, Bluestone River, New River, and 2000-acre Bluestone Lake. The property has year-round paved road access, electricity, and a well on site. Hatfield and McCoy Trails are also nearby. The Ellison Ridge Field and Forest is located in the mountainous region of south-central West Virginia, part of the southeastern Ridge and Valley Region. Charleston is a 90-minute drive, Hinton is 30 minutes, Beckley is 40 minutes, and Princeton is 50 minutes away. The village of Athens is 40 minutes away.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Flat Top
    County
    Mercer
    State
    West Virginia
    Longitude
    -81.1242
    Latitude
    37.5376

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 45-acre parcel with timber, pasture, and recreational opportunities.
    Where is this agricultural land / farmland located?
    The property is located at 5618 Ellison Ridge Road Flat Top, WV.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: 45‑acre property featuring mature hardwood timber ready to harvest, offering immediate investment potential.; Excellent access to outdoor recreation: just 30 minutes from Winterplace Ski Resort and the New River.; Fertile crop and pasture land (approximately 5 acres) suitable for farming or livestock.
    (304) 645-7674
    We can help!
    Listing Contact
    Richard Grist
    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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    5618 Ellison Ridge Road, Flat Top, WV 25841

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