Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Lot 7 Cherry Wood Lane Terra Alta, WV 26764

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Residential Land - Terra Alta, WV

    Lot size:
    0.83 Acres
    Added:
    Mar 25, 2025
    Days on Market:
    403
    Last Refresh:
    May 1 at 2:06 pm

    Property Features for Lot 7 Cherry Wood Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Single Family Residential
    Exterior features
    None
    Standard status
    Active
    Lot size
    0.83 Acres

    Taxes and HOA fees

    Tax Year
    2021
    Tax Annual Amount
    282

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    TINA ROSCOE
    TINA ROSCOE

    Listing agent TINA ROSCOE License #WV0030452

    Listing office REAL ESTATE BY VICKIE JENKINS AND ASSOCIATES 18115 Veterans Memorial Highway, KINGWOOD, WV

    Listing date Mar 25, 2025

    MLS# 10146145 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

    Residential Land in Terra Alta

    This residential land is available for building a dream home. Additional lots are also available. The property features city water and underground utilities. It is located minutes from the Maryland Line. The lot size is 0.83 acres. The zoning is Single Family Residential. The property is located in Terra Alta, WV.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Terra Alta
    County
    Preston
    State
    West Virginia
    Longitude
    -79.5727
    Latitude
    39.4346

    Nearby Similar for Sale

    • $14,000

      Alpine Lake Resort Land

      One acre lots in Alpine Lake Resort, Terra Alta, WV.
      LOTS 1 AND 2 GROSBEAK DR, TERRA ALTA, WV 26764
      View Details
    • $8,000

      Half-Acre Lot in Alpine Lake

      Wooded lot in Alpine Lake Community with access to amenities.
      181 E ALPINE DR, TERRA ALTA, WV 26764
      View Details
    • $14,000

      Residential Land in Gated Community

      Double lot in Alpine Lake Resort with mountain views.
      Lots 40 and 41 E. Alpine Drive, Terra Alta, WV 26764
      View Details
    • $49,900

      Lake View Residential Land

      0.68 acre lot with lake and resort amenities.
      Lots 153-154 Clover Drive, Terra Alta, WV 26764
      View Details
    • $31,000

      Private Wooded Land For Sale

      6.23 acres of wooded land near Deep Creek Lake.
      Lot 2 Possum Hollow Road, Terra Alta, WV 26764
      View Details
    • $39,500

      Private Wooded Land in Terra Alta

      8+ acre wooded land, perfect for cabin, recreation, hunting.
      Lot 3 Possum Hollow Road, Terra Alta, WV 26764
      View Details
    • $12,000

      Lake Access Land Opportunity

      Land with lake access, ideal for building or recreation.
      LOT 3 AND 4 GROSBEAK DR, TERRA ALTA, WV 26764
      View Details
    • $76,000

      Private Wooded Acreage in West Virginia

      Secluded 15+ acre wooded lot near Deep Creek Lake.
      Lot 1 Possum Hollow Road, Terra Alta, WV 26764
      View Details
    • $173,600

      Private Wooded Land For Recreation

      43+ acre wooded land perfect for recreation and cabin.
      Lot 4 Possum Hollow Road, Terra Alta, WV 26764
      View Details
    • $49,000

      Residential Land with Development Potential

      3.84-acre residential land with utilities in Terra Alta, WV.
      33213 Veterans Memorial Highway, Terra Alta, WV 26764
      View Details
    • $10,700

      Lake-View Lot in Terra Alta

      0.34-acre lake-view lot with resort amenities.
      LOT 154 DAISY DR, TERRA ALTA, WV 26764
      View Details
    • $10,000

      Residential Land in Gated Community

      Two flat, build-ready lots in Alpine Lake Resort.
      Lots 5 and 6 Dogwood Lane, Terra Alta, WV 26764
      View Details

    FAQs

    What type of property is this?
    Land - Residential land available for building a dream home.
    Where is this land located?
    The property is located at Lot 7 Cherry Wood Lane Terra Alta, WV.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Opportunity to build a custom dream home.; City water connection available.; Underground utilities enhance aesthetics and safety.
    (304) 288-1727
    We can help!
    Listing Contact
    TINA ROSCOE
    TINA ROSCOE
    Real Estate License ID: WV0030452
    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

    Lot 7 Cherry Wood Lane, Terra Alta, WV 26764

    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!