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    829 Skaggs Rd Wolfcreek, WV 24993

    Sponsored
    For Sale
    $1,995,000

    Farm/Estate - Wolfcreek, WV

    Type:Farm
    Property size:
    4,713 SF
    Lot size:
    139.00 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 28 at 7:06 am

    Property Features for 829 Skaggs Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Den, Dining Room, Family Room
    Bedrooms
    5
    Bathrooms
    3
    Parking features
    Garage, Garage - Attached
    Interior features
    Walk-in Closet
    Fireplace
    1
    Appliances
    Dishwasher, Dryer, Refrigerator, Washer
    Size
    4,713 SF
    Lot size
    139.00 Acres

    Utilities

    Heating system
    Electric (Heating), Fireplace(s), Forced Air, Heat Pump (Heating), Propane (Heating), Wood (Heating)
    Cooling system
    Central Air
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    2005
    Year renovated
    2005
    Floors in Building
    2
    Flooring type
    Carpet, Hardwood, Tile
    Building materials
    Log, Log Siding, Wood Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Randy Burdette
    Randy Burdette

    Foxfire Realty (304) 645-7674

    Listing agent Randy Burdette (304) 645-7674

    Listing date Feb 26, 2026

    MLS# 11509972 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

    Overview

    Wolfcreek Farm and Estate

    Located in Wolfcreek, Monroe County, West Virginia, this 139-acre farm offers peace and privacy at the end of a state-maintained road. The property, known as Rise and Shine Farm, features two move-in-ready homes, barns, outbuildings, ponds, a spring, and the Hardy Run branch. The main farmhouse, constructed in 2005, is a two-story log veneer-sided home with five bedrooms and three full bathrooms, totaling 4713 square feet. It includes a spacious kitchen with high-end appliances, ample storage, and a gas range with an overhead kettle faucet. The great room offers long-range views, and the downstairs area features a full bedroom, a full hallway bath, and a laundry center. A bonus room off the great room, suitable for a bonus bedroom or office, includes a walk-in closet and French doors. Above the two-car garage is a guest apartment with its own HVAC system and backup generator, featuring a large bathroom, separate entrance, and kitchenette. The property also includes a cottage built circa 1997 with 760 square feet. The farm is currently a working farm with beef cattle grazing, chickens laying eggs, and hay being baled. Additional features include excellent cell reception, fast Wi-Fi, and Starlink availability, central heat and air with separate heat pumps, two backup propane generators, underground utilities, farm water faucets, and a large pond. The exterior of the farmhouse underwent a complete restoration in 2022.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Wolfcreek
    County
    Monroe
    State
    West Virginia
    Longitude
    -80.613865
    Latitude
    37.636661

    FAQs

    What type of property is this?
    Farm - 139-acre farm with two homes and multiple outbuildings.
    Where is this farm located?
    The property is located at 829 Skaggs Rd Wolfcreek, WV.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: - 139-acre working farm with two move-in-ready homes (main farmhouse and guest apartment).; - Main farmhouse built in 2005 features **5 bedrooms, 3 bathrooms, a spacious kitchen with high-end appliances, and a great room with long-range views.**; - Guest apartment above the garage with separate entrance, kitchenette, and bathroom, accommodating up to four guests.
    (304) 667-2897
    Request Owner's contact information
    829 Skaggs Rd Wolfcreek, WV 24993
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    Wolfcreek, WV 24993
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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
    829 Skaggs Rd Wolfcreek, WV 24993
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    We can help!
    Listing Contact
    Randy Burdette
    Randy Burdette
    (304) 667-2897 (304) 645-7674
    Learn more
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