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    Elverton Rd Fayetteville, WV 25840

    Sponsored
    For Sale
    $3,650,000

    Residential Lot - Fayetteville, WV

    Type:Single Family Residence
    Lot size:
    811.00 Acres
    Days on Market:
    471
    Last Refresh:
    Feb 4 at 5:06 am

    Property Features for Elverton Rd

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    87
    Lot size
    811.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Richard Grist

    FOXFIRE REALTY (304) 645-7674

    Listing agent Richard Grist (304) 645-7674

    Listing date Oct 22, 2024

    MLS# 179943 Listing URL

    Copyright © 2026 Huntington 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.

    Learn more

    Overview

    Large Residential Development Land

    Roaring River is an 811-acre multi-use property suitable for residential development, located at the rim of the New River Gorge. The property shares nearly three miles of boundary with the New River Gorge National Park and Preserve, including two miles along the rim of the Gorge. Roaring River offers views across the mile-wide expanse of the Gorge. The property is fully platted for a subdivision and has been approved by the Fayette County Commission. It features an extensive internal road system with eight miles of developed roads and several miles of forest trails. Elevations range from 1,747 ft. to 2,173 ft. The property has two miles of frontage on three state-maintained roads, guaranteeing easy access. It is located ten minutes to the New River public access at Cunard and adjoins Caperton coal Complex, which is now part of the NRGNPP. The land includes agricultural land and woodland ridges suitable for residential development. Roaring River is centrally located in an outdoor recreation destination area, near Adventures on the Gorge, the Endless Wall, and whitewater rafting, hiking, and biking locations. It is located near shops, pubs, and restaurants in Fayetteville, a five-minute drive from the property. The property is located 15 minutes from US 19 and Oak Hill, 25 minutes from I-64 and Prosperity, 35 minutes from Beckley, 1 hour 10 minutes from Charleston, 40 minutes from Summersville, 1 hour from Yeager Airport in Charleston, 1 hour 30 minutes from Greenbrier Valley Airport in Lewisburg, and 45 minutes from Raleigh County Memorial Airport in Beckley.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Fayetteville
    County
    Fayette
    State
    West Virginia
    Longitude
    -81.054571846558
    Latitude
    38.018487526694

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    FAQs

    What type of property is this?
    Land - 811-acre residential development land near New River Gorge National Park.
    Where is this land located?
    The property is located at Elverton Rd Fayetteville, WV.
    What is the asking price?
    The asking price for this property is $3,650,000.
    What are key features of this property?
    This property features: - Unparalleled mountaintop location with breathtaking, miles-long views of the New River Gorge.; - Shares nearly three miles of boundary with the New River Gorge National Park and Preserve.; - Approved subdivision plat, suitable for residential development.
    (304) 646-8837
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    Elverton Rd Fayetteville, WV 25840
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    Fayetteville, WV 25840
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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
    Elverton Rd Fayetteville, WV 25840
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    We can help!
    Listing Contact
    Richard Grist
    (304) 646-8837
    Learn more
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