Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Princeton, WV Title is generated by Realmo AI

    600 Ironwood Gate Drive, Princeton, WV 24740

    View on Map
    Claim this Listing
    For Sale
    $145,000

    LAND - PRINCETON, WV

    Lot size:
    2.48 Acres
    Added:
    Sep 24, 2025
    Days on Market:
    228
    Last Refresh:
    May 9 at 1:06 am

    Property Features for 600 Ironwood Gate Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    2/29.44
    Lot size
    2.48 Acres

    We can help!

    Listing Contact
    LEE ANN BARLOW- A.B.

    Listing agent LEE ANN BARLOW- A.B.

    Listing office ERA ADVANTAGE REALTY P.O. BOX 586, WV

    Listing date Sep 24, 2025

    MLS# 55566 Listing URL

    Copyright © 2026 Mercer Tazewell Co BOR. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Building lot suitable for new construction.
    • Minimum square footage requirements: 2000+ sq ft (one story) or 1500+ sq ft on the main floor (two story).
    • Survey on file.
    • Exterior must be at least 50% masonry.
    • Building restrictions in place.
    • Location coordinates provided.

    Overview

    This 2.48-acre lot in Princeton, WV, is suitable for new residential construction. Building restrictions require a minimum of 2000 square feet for a one-story home or 1500 square feet on the main floor for a two-story home. Mobile homes are not permitted. Exterior construction must be at least 50% masonry. Detached buildings or other structures are not allowed. All home plans must be approved by the architectural committee. An older survey map and restrictions are available in the documents section.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Pharmacy Skin Care Clinic Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Mercer
    State
    West Virginia
    Longitude
    -81.1346616
    Latitude
    37.3636135

    Nearby Similar for Sale

    • $725,000
      20,032 SF

      Turnkey Gas Station Investment Opportunity

      Fully operational gas station and convenience store with expansion potential.
      605 Rogers Street, PRINCETON, WV 24740
      View Details
    • $3,400,000

      Princeton Commercial Building Investment Opportunity

      Commercial property near Highway 460 and Interstate 77.
      974 Greasy Ridge, Princeton, WV 24739
      View Details
    • $800,000
      2,168 SF

      Restaurant and Convenience Store Opportunity

      Turn-key restaurant and convenience store with full kitchen.
      3377 Beckley Road, PRINCETON, WV 24740
      View Details
    • $239,000
      1,528 SF

      Versatile Commercial Property, Princeton WV

      Corner lot property ideal for businesses or headquarters outside city limits.
      200 Edgemont Dr, PRINCETON, WV 24740
      View Details
    • $425,000

      Commercial Lot in Princeton, WV

      Ready-to-develop commercial lot in a high-traffic area.
      180 LYLE WAY LOT # 3, PRINCETON, WV 24740
      View Details
    • $300,000

      Commercial Lot in Princeton, WV

      Ready-to-develop commercial lot in high-traffic area.
      180 LYLE WAY LOT # 6, PRINCETON, WV 24740
      View Details
    • $500,000

      Commercial Lot in Princeton, WV

      Ready-to-develop commercial lot in high-traffic area.
      180 LYLE WAY LOT #5, PRINCETON, WV 24740
      View Details
    • $438,500
      2,334 SF

      Downtown Princeton Commercial Property

      Circa-1910 commercial property in Downtown Princeton, suitable for diverse uses.
      315 Straley Ave., PRINCETON, WV 24739
      View Details
    • $20,900

      Residential Lot in Shenandoah Estates

      Residential building lot in desirable Princeton neighborhood, outside city limits.
      Blueridge Ave Lot 113, PRINCETON, WV 24740
      View Details
    • $195,000

      50 Acres Vacant Land

      50 acres of vacant land ready for development.
      0 Gardner Road, Princeton, WV 24740
      View Details
    • $25,000

      Vacant Lot in Princeton, WV

      Vacant .25-acre lot suitable for residential build or investment.
      406 Thorn Street, PRINCETON, WV 24740
      View Details
    • $325,000

      Land with Riverfront and Mountain

      43.15 acres suitable for campground, hunting, or residential use.
      1145 Kelly's Tank Road, PRINCETON, WV 24739
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.48 acre building lot for residential construction.
    Where is this residential land & home lot located?
    The property is located at 600 Ironwood Gate Drive Princeton, WV.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: Building lot suitable for new construction.; Minimum square footage requirements: 2000+ sq ft (one story) or **1500+ sq ft on the main floor (two story)**.; Survey on file.
    (304) 887-4160
    We can help!
    Listing Contact
    LEE ANN BARLOW- A.B.
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    600 Ironwood Gate Drive, PRINCETON, WV 24740
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!