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    562 Spring Run Rd Pennsboro, WV 26415

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    Sponsored
    For Sale
    $3,900,000

    Farm/Estate, Ranch - Pennsboro, WV

    Type:Farm
    Property size:
    2,196 SF
    Lot size:
    440.00 Acres
    Days on Market:
    11
    Last Refresh:
    Mar 10 at 10:06 pm

    Property Features for 562 Spring Run Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bonus Room, Den, Dining Room, Kitchen, Living Room
    Bedrooms
    3
    Bathrooms
    3
    Parking features
    Garage, Garage - Detached
    Pool private
    1
    Exterior features
    Pool
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Microwave, Refrigerator, Washer
    Size
    2,196 SF
    Lot size
    440.00 Acres

    Utilities

    Heating system
    Fireplace(s), Forced Air, Natural Gas
    Cooling system
    Central Air
    Water front features
    Wflake, Waterfront
    Water front
    1

    Building Details

    Floors in Building
    1
    Flooring type
    Carpet, Hardwood, Tile
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Ranch

    We can help!

    Listing Contact
    James Walters

    Adrian Properties WV, LLC (304) 869-3256

    Listing agent James Walters (304) 869-3256

    Listing date Feb 27, 2026

    MLS# 11514693 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

    Expansive Ranch with Stocked Lake

    This property features 440 acres and includes a 3-bedroom, 1.5-bath brick ranch. The home has hardwood floors and a stone fireplace. An indoor pool with a retractable roof, stone waterfall, water slide, separate bath, and a composite deck overlooks a 6-acre stocked lake. There is also a sunroom with a view of the lake. The kitchen is designed for functionality. A full bath with laundry is located down the hall, along with a room that could serve as a bedroom or office with a 1/2 bath. Another room, suitable as a bedroom or office, connects to the sunroom. The basement includes two bedrooms, a full bath, a 30'6" x 26' rec area, a utility room, and a walk-in vault. Adjacent to the home is a three-bay garage with a workshop/tool room, bathroom, and a whole-house generator. Additional structures include a 45' x 80' Quonset Hut garage with a concrete floor and a 32' x 32' older barn with a loft area. The property includes fields, trails, and four other ponds. It is populated with deer, turkey, and other small game. The property is located with access to Rt 50 and 1 mile of road frontage on Spring Run Rd. It has previously been used as an office for an Oil and Gas drilling company. Potential uses include a business office for oil and gas, a private farm/estate, a resort, a rehab/healing center, a veterans healing center, a youth or Christian camp, or a hunting lodge/game reserve.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wedding venues

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Dental Office Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Auto Parts Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Pennsboro
    County
    Ritchie
    State
    West Virginia
    Longitude
    -80.964805
    Latitude
    39.270668

    Nearby Similar for Sale

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      800 SF

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      View Details

    FAQs

    What type of property is this?
    Farm - 440-acre property with a ranch, lake, and multiple structures.
    Where is this farm located?
    The property is located at 562 Spring Run Rd Pennsboro, WV.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: - 440 acres M/L of private land with diverse recreational opportunities.; - Indoor pool with retractable roof, waterfall, and waterslide.; - Three-bay garage with workshop, bathroom, and whole-house generator.
    (304) 869-3256
    Request Owner's contact information
    562 Spring Run Rd Pennsboro, WV 26415
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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
    562 Spring Run Rd Pennsboro, WV 26415
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    Listing Contact
    James Walters
    (304) 869-3256
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