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    238 Excelsior Road Webster Springs, WV 26288

    View on Map
    New
    For Sale
    $190,000

    Farm 10 Acres+, Other - Webster Springs, WV

    Type:Farm
    Property size:
    1,050 SF
    Lot size:
    20.00 Acres
    Added:
    Apr 8, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 9 at 3:06 am

    Property Features for 238 Excelsior Road

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Zoning
    None
    Bedrooms
    2
    Bathrooms
    1
    Rooms
    Basement, Bathroom 1, Bedroom 1, Bedroom 2, Family Room, Kitchen, Laundry, Living Room
    Parking
    3
    Parking features
    None
    Patio and Porch features
    Porch, Deck
    Interior features
    Hot Water Heater Elec., high Speed Internet Ready, Electric Dryer Connection, electric Stove Connection, walk-in Closets, washer Connection
    Exterior features
    Other, Deck, double Thermo Windows, porch, storage Shed/Outbuilding, Fence
    Fencing
    Fenced
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Range, Refrigerator, Washer
    Standard status
    Active
    Size
    1,050 SF
    Lot size
    20.00 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    500

    Utilities

    Utilities
    Electricity Available, Water Available
    Heating system
    Fireplace(s), Forced Air, Propane (Heating), Wood (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1996
    Floors in Building
    3
    Flooring type
    Carpet, Carpet - Full, Laminate, Vinyl
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Outbuilding, Packing Shed, Shed(s)

    We can help!

    Listing Contact
    REBECCA MACE

    Listing agent REBECCA MACE License #WV0024718

    Listing office WEBSTER REALTY LLC 28 Mace Drive, Webster Springs, WV

    Listing date Apr 8, 2026

    MLS# 10164138 Listing URL

    Copyright © 2026 North Central West Virginia Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Homestead on 20 Acres

    This property features a 2-bedroom, 1-bath country home situated on 20 acres. The home includes an eat-in kitchen with oak cabinets and appliances, along with a spacious gathering room featuring radiant heat laminate flooring, which could serve as a third bedroom. The property also has a covered front porch and covered patio. Heating options include a propane furnace or an outdoor wood stove, complemented by central air conditioning. Outbuildings are present on the property, along with a spacious yard suitable for gardening. A fenced-in chicken coop is included. Approximately 3 acres are fenced with electric fencing for livestock, while about 15 acres are wooded. High-speed internet and cell phone service are available. The property is serviced by city water and a septic system. The property size is 1050 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Restaurant Building Supply Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Webster Springs
    County
    Webster
    State
    West Virginia
    Longitude
    -80.44054
    Latitude
    38.452957

    Nearby Similar for Sale

    • $165,000
      1,500 SF

      Bergoo, WV Business Opportunity

      1.38 acre property with commercial and recreational potential.
      3030 Bergoo Road, Webster Springs, WV 26288
      View Details
    • $299,000
      1,450 SF

      Mountaintop Farm with Scenic Views

      30-acre farm with a 3-bedroom home near Snowshoe Ski Resort.
      6776 Point Mountain Road, Webster Springs, WV 26288
      View Details

    FAQs

    What type of property is this?
    Farm - 2-bedroom country home on 20 acres near Webster Springs.
    Where is this farm located?
    The property is located at 238 Excelsior Road Webster Springs, WV.
    What is the asking price?
    The asking price for this property is $190,000.
    What are key features of this property?
    This property features: 20‑acre homestead featuring fenced areas for livestock and chickens, plus wooded acreage.; Stay comfortable year‑round with your choice of propane furnace or outdoor wood stove for heating, plus central air.; **Eat‑in kitchen boasts oak cabinets and appliances included.**
    (304) 644-2202
    We can help!
    Listing Contact
    REBECCA MACE
    Real Estate License ID: WV0024718
    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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