Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    265 Acres of Private Paradise Title is generated by Realmo AI

    Hamilton Ridge Road, Alderson, WV 24910

    View on Map
    Claim this Listing
    For Sale
    $355,000

    LAND - Alderson, WV

    Lot size:
    265.00 Acres
    Added:
    Mar 31, 2026
    Days on Market:
    65
    Last Refresh:
    Jun 3 at 7:06 am

    Property Features for Hamilton Ridge Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    23-24-1
    Lot size
    265.00 Acres

    We can help!

    Listing Contact
    Tom H. Johnson

    Listing agent Tom H. Johnson License #WV0006300

    Listing office Coldwell Banker Stuart and Watts Real Estate 174 Northridge Drive, Lewisburg, WV

    Listing date Mar 31, 2026

    MLS# 26-377 Listing URL

    Copyright © 2026 Greenbrier Valley Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 265 acres of land offering privacy and seclusion
    • Meandering seasonal streams and diverse natural landscape
    • Potential for building a dream home or sustainable retreat
    • Existing well and power on the property
    • Located in Alderson, WV, offering a serene environment
    • Old 2 bedroom home on the property

    Overview

    This 265-acre property is located in Alderson, WV, offering seclusion and connection with nature. Season streams meander through verdant forests and meadows, creating a habitat for wildlife. The land offers possibilities for building a dream home with panoramic views or developing a sustainable retreat. The property includes an old 2-bedroom home, a well, and power.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Alderson
    County
    Monroe
    State
    West Virginia
    Longitude
    -80.652951
    Latitude
    37.767382

    Nearby Similar for Sale

    • $295,000
      6,862 SF

      Professional Office Building with Parking

      Well-situated office building with multiple windowed offices, in-room plumbing lines, and paved parking for staff and visitors.
      444 Elmwood Ave, Alderson, WV 24910
      View Details
    • $585,000
      2,620 SF

      Historic Farmhouse on 56 Acres

      Historic farmhouse with modern amenities on 56.9 acres.
      8079 Wayside Creamery Road, Alderson, WV 24910
      View Details
    • $179,000
      2,100 SF

      Prime Commercial Property in Alderson

      Versatile commercial property at a highly trafficked intersection in Alderson.
      1931 Alta Drive, Alderson, WV 24910
      View Details
    • $129,000
      2,700 SF

      Alderson, WV Commercial Opportunity

      2700 sq ft building on 1.16 acres near Greenbrier River.
      4830 Highland Trl, Alderson, WV 24910
      View Details
    • $79,900
      688 SF

      Turnkey Salon in Alderson, WV

      Fully functional salon for sale in Alderson, West Virginia.
      141 Clay St, Alderson, WV 24910
      View Details
    • $310,000

      46.9 Acres in Dawson, WV

      46.9-acre property perfect for a dream home.
      1999 Snake Run Rd, Alderson, WV 24910
      View Details
    • $399,000
      4,028 SF

      Historic Farm Estate with Noteworthy History

      Historic 1840 brick house on 5 acres in Alderson, WV.
      3789 Spring Valley Road, Alderson, WV 24910
      View Details
    • $249,900

      Greenbrier Riverfront Land on Emerald Isle

      2-acre riverfront property with utilities and recreational amenities.
      988 S Emerald Isle, Alderson, WV 24910
      View Details
    • $699,000
      4,028 SF

      Historic Farm Estate with Brick House

      Historic farm estate featuring a brick house dating back to 1840.
      3789 Spring Valley Road, Alderson, WV 24910
      View Details
    • $495,000
      4,028 SF

      Historic Farm Estate with Brick House

      Historic 1840 brick house on 17 acres in Alderson, WV.
      3789 Spring Valley Road, Alderson, WV 24910
      View Details
    • $325,000

      Land with Greenbrier River Access

      Nine acre residential land with river access near Alderson.
      Highland Trail, Alderson, WV 24910
      View Details
    • $310,000

      Productive Land in Alderson, WV

      46.9 acres with hay field, woods, and mineral rights.
      1999 Snake Run Rd, Alderson, WV 24910
      View Details

    FAQs

    What type of property is this?
    Land - Secluded 265-acre property with streams, forests, and meadows.
    Where is this land located?
    The property is located at Hamilton Ridge Road Alderson, WV.
    What is the asking price?
    The asking price for this property is $355,000.
    What are key features of this property?
    This property features: 265 acres of land offering privacy and seclusion; Meandering seasonal streams and diverse natural landscape; Potential for building a dream home or sustainable retreat
    (304) 645-1242
    We can help!
    Listing Contact
    Tom H. Johnson
    Real Estate License ID: WV0006300
    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
    Hamilton Ridge Road, Alderson, WV 24910
    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!