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    BUTTERFLY Lane lot 18 Sec 8 Slanesville, WV 25444

    View on Map
    For Sale
    Under Contract
    $42,150

    LAND - SLANESVILLE, WV

    Lot size:
    6.11 Acres
    Added:
    Feb 20, 2026
    Days on Market:
    42
    Last Refresh:
    Apr 3 at 10:06 pm

    Property Features for BUTTERFLY Lane lot 18 Sec 8

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Lot size
    6.11 Acres

    Taxes and HOA fees

    Tax Annual Amount
    245

    We can help!

    Listing Contact
    Katherine Jane Nazelrod

    Listing agent Katherine Jane Nazelrod License #WVA200040101

    Listing office Pioneer Ridge Realty 82 S W Main Street, ROMNEY, WV

    Listing date Feb 20, 2026

    MLS# WVHS2007334

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mountain Land in Gated Community

    This 6+ acre property offers privacy and natural charm, located within a secure gated community. The tract is suited for a home, cabin, or weekend getaway. The land features a large, level building area, potentially saving time and money during construction. Natural rock outcroppings add character and unique landscape features. Mountain views provide vistas and sunsets. Wildlife, including deer and turkey, inhabits the area. Electric utilities are accessible at the road frontage. The property offers a combination of natural beauty, accessibility, and seclusion. Adjacent lots are also available for sale to increase acreage.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Slanesville
    County
    Hampshire
    State
    West Virginia
    Longitude
    -78.5077
    Latitude
    39.4027

    Nearby Similar for Sale

    • $40,905

      Mountain Land with Natural Spring

      6+ acres of mountain property with natural spring and views.
      LAWYER Lane lot: 13 Sec 8, SLANESVILLE, WV 25444
      View Details
    • $37,300

      Mountain Top Retreat Land

      7.46 acres in gated community with expansive mountain views.
      LAWYER Lane lot: 24 Sec 10, SLANESVILLE, WV 25444
      View Details
    • $62,900

      Slanesville Land for Dream Home

      10.03-acre lot perfect for building a dream home.
      WHISPERING PINES RD., SLANESVILLE, WV 25444
      View Details
    • $25,000

      Private Mountain Top Retreat Land

      5-acre mountain top land with expansive views in gated community.
      LAWYER Lane lot: 14 Sec 8, SLANESVILLE, WV 25444
      View Details

    FAQs

    What type of property is this?
    Land - 6+ acres of private mountain land ready for your dream retreat.
    Where is this land located?
    The property is located at BUTTERFLY Lane lot 18 Sec 8 Slanesville, WV.
    What is the asking price?
    The asking price for this property is $42,150.
    What are key features of this property?
    This property features: 6+ acres of private mountain land.; Large, level building area for easy construction.; Located in a secure, gated community.
    (304) 822-0454
    We can help!
    Listing Contact
    Katherine Jane Nazelrod
    Real Estate License ID: WVA200040101
    Learn More
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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
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