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    The Largest CRE Database in the US with Over 1 Million Listings

    8523 Frankfort Hwy Fort Ashby, WV 26719

    Sponsored
    For Sale
    $139,000

    Commercial - Fort Ashby, WV

    Property size:
    2,736 SF
    Lot size:
    9.69 Acres
    Days on Market:
    52
    Last Refresh:
    Feb 5 at 8:06 am

    Property Features for 8523 Frankfort Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    29-04-0025-0061-0000
    Parking features
    Garage
    Size
    2,736 SF
    Lot size
    9.69 Acres

    Building Details

    Year built
    1945
    Year renovated
    1945
    Architectural style
    Other

    We can help!

    Listing Contact
    Todd Short

    Joe R. Pyle Complete Auction and Realty Service (304) 592-6000

    Listing agent Todd Short (304) 592-6000

    Listing date Dec 16, 2025

    MLS# 11598675 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

    Property Insight Report

    Overview

    Versatile Commercial Property with Apartment

    This versatile commercial property features a spacious building with garage bays and an attached three-bedroom, one-bath apartment. The apartment includes a kitchen, living room, washer/dryer hookups, and off-street parking. The property is situated on approximately 9.69 acres and has city water and septic. Constructed in 1945, the property offers approximately 2,736 square feet of total space. The seller believes the property has underground fuel storage tanks. This property presents a chance to invest in a multi-use property along a well-traveled highway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Auto Parts Store Department Store Bar & Pub Discount Store Car Rental Facility Daycare Center Clothing & Fashion Store

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

    Similar Places Nearby

    Lewis's Collision Repair and Paint LLC, Rubber side down garage

    Location Insight

    • Map
    • Local Demand
    City
    Fort Ashby
    County
    Mineral
    State
    West Virginia
    Longitude
    -78.774412
    Latitude
    39.522051

    Nearby Similar for Sale

    • $275,000

      Fort Ashby Specialty Property

      Specialty property for sale in Fort Ashby, West Virginia.
      10912 Frankfort Hwy, Fort Ashby, WV 26719
      View Details
    • $289,000

      Fort Ashby Specialty Property

      Specialty property available for sale in Fort Ashby.
      144 Mark St, Fort Ashby, WV 26719
      View Details

    FAQs

    What type of property is this?
    Auto shop - Multi-use property with garage bays and attached apartment on 9.69 acres.
    Where is this auto shop located?
    The property is located at 8523 Frankfort Hwy Fort Ashby, WV.
    What is the asking price?
    The asking price for this property is $139,000.
    What are key features of this property?
    This property features: - Versatile commercial property with garage bays and attached three-bedroom apartment.; - Large 9.69-acre lot with city water.; - Multi-use property located along a well-traveled highway.
    (304) 592-6000
    Request Owner's contact information
    8523 Frankfort Hwy Fort Ashby, WV 26719
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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
    8523 Frankfort Hwy Fort Ashby, WV 26719
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    We can help!
    Listing Contact
    Todd Short
    (304) 592-6000
    Learn more
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