Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    848A Pleasant Hill Rd Morgantown, WV 26508

    Sponsored
    For Sale
    $900,000

    Residential Land - Morgantown, WV

    Lot size:
    12.00 Acres
    Days on Market:
    42
    Last Refresh:
    Jan 27 at 10:06 am

    Property Features for 848A Pleasant Hill Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Neighborhood Residential
    Exterior features
    Fence, None
    Fencing
    Fenced
    Lot size
    12.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    KATHY MARTIN
    KATHY MARTIN

    KLM Properties, Inc. (304) 296-1533

    Listing agent KATHY MARTIN (304) 296-1533 License #WV0017260

    Listing date Dec 17, 2025

    MLS# 10157450 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.

    Learn more

    Property Insight Report

    Overview

    Residential Land in Morgantown, WV

    This 12-acre property, zoned for Neighborhood Residential use, is suitable for residential development, specifically for the construction of no more than four stick-built homes. The rolling land is conveniently located close to the interstate and various goods and services in Morgantown, West Virginia.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Cafe & Coffee Shop Daycare Center Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Morgantown
    County
    Monongalia
    State
    West Virginia
    Longitude
    -79.888344
    Latitude
    39.626225

    Nearby Similar for Sale

    • New
      $375,000
      1,440 SF

      Morgantown Farm Retreat on 17+ Acres

      Farm retreat on 17+ acres near I-68 in Morgantown, WV.
      3368 Owl Creek Rd, Morgantown, WV 26508
      View Details
    • $1,500,000
      4,070 SF

      Premium Freestanding Office Building

      Well-maintained medical office building in Cheat Lake area.
      2199 Cheat Rd, Morgantown, WV 26508
      View Details
    • $1,695,000
      12,477 SF

      Historic Mixed-Use Wharf District Property

      Fully leased mixed-use property with restaurant and apartments in Morgantown.
      156 Clay St, Morgantown, WV 26501
      View Details
    • $1,850,000
      10,296 SF

      Fully Leased Morgantown Office Building

      Exceptional commercial office building in Cheat Lake, fully leased.
      230-270 Lakewood Ctr, Morgantown, WV 26508
      View Details
    • $575,000
      7,392 SF

      Historic Mixed-Use Building in Morgantown

      Historic building with retail space and remodeled apartments in downtown.
      220-222 Pleasant St, Morgantown, WV 26505
      View Details
    • $2,200,000
      8,000 SF

      Prime Morgantown Strip Mall

      Fully occupied strip mall in excellent condition and prime location.
      3109 University Ave, Morgantown, WV 26505
      View Details
    • $299,900
      4,800 SF

      Turnkey Bar/Restaurant Business Opportunity

      Established Morgantown bar/restaurant business for sale with equipment and license.
      325 High St, Morgantown, WV 26505
      View Details
    • $349,800
      5,051 SF

      Morgantown Commercial Space For Sale

      5,051+/- sqft commercial space with 22 office suites.
      1253 Canyon Rd, Morgantown, WV 26508
      View Details
    • $1,500,000
      1,815 SF

      Morgantown Commercial Property on Mileground

      1.1-acre commercial property with existing building and high visibility.
      524 Mileground Rd, Morgantown, WV 26505
      View Details
    • $2,500,000
      41,600 SF

      Morgantown Commercial Property on 7 Acres

      Large commercial property with flexible buildings in a rapidly developing area.
      951 Point Marion Rd, Morgantown, WV 26508
      View Details
    • Contact for pricing
      31,835 SF

      Former Restaurant Space on Don Knotts

      Turn-key restaurant space or adaptable for retail/service use.
      215 Don Knotts Blvd, Morgantown, WV 26501
      View Details
    • $80,000
      0.06 Acres

      Morgantown Land Package Opportunity

      Land for sale as part of a package deal.
      10 Mclane Ave, Morgantown, WV 26505
      View Details

    FAQs

    What type of property is this?
    Land - 12-acre residential land suitable for development near interstate.
    Where is this land located?
    The property is located at 848A Pleasant Hill Rd Morgantown, WV.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - 12 acres +/- of land; - Suitable for residential development; - Estate living
    (304) 685-6171
    Request Owner's contact information
    848A Pleasant Hill Rd Morgantown, WV 26508
    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.
    848A Pleasant Hill Rd
    Morgantown, WV 26508
    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
    848A Pleasant Hill Rd Morgantown, WV 26508
    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

    We can help!
    Listing Contact
    KATHY MARTIN
    KATHY MARTIN
    Real Estate License ID: WV0017260
    (304) 685-6171
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.