Add Listing
    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

    Parkway Bluefield, WV 24740

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - BLUEFIELD, WV

    Lot size:
    0.37 Acres
    Added:
    Feb 12, 2023
    Days on Market:
    1165
    Last Refresh:
    Apr 22 at 6:06 am

    Property Features for Parkway

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    3 34 2
    Lot size
    0.37 Acres

    We can help!

    Listing Contact
    CATHERINE SMITH

    Listing agent CATHERINE SMITH

    Listing office COLDWELL BANKER HENDRICK REAL ESTATE 409 Oakvale Rd, Princeton, WV

    Listing date Feb 12, 2023

    MLS# 51836 Listing URL

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

    Overview

    Residential Land in Bluefield, WV

    This 0.37-acre property is located in Bluefield, WV. It is situated in a desirable neighborhood and is suitable for building a home. The property may also accommodate modular construction on a foundation, subject to city approval. This land offers an opportunity for residential development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Bluefield
    County
    Mercer
    State
    West Virginia
    Longitude
    -81.213274
    Latitude
    37.257561

    Nearby Similar for Sale

    • $350,000
      32,400 SF

      Historic Mixed-Use Building in Bluefield

      Unique, historic mixed-use building in Bluefield, suitable for various purposes.
      717 Scott Street, BLUEFIELD, WV 24740
      View Details
    • $699,000
      52,100 SF

      Historic Bluefield Commercial Building

      Neo-Classical office building in Bluefield, West Virginia for sale.
      307 Federal St, BLUEFIELD, WV 24740
      View Details
    • $399,900
      3,000 SF

      Income-Producing Cabins Near ATV Trails

      5.75-acre property with four cabins near Hatfield-McCoy ATV Trails.
      280 Hidden Path Rd, BLUEFIELD, WV 24701
      View Details
    • $119,900
      2,688 SF

      Bluefield WV Income Property

      Four-unit apartment building with income potential in Bluefield, WV.
      2019 FULTON STREET, BLUEFIELD, WV 24701
      View Details
    • $240,000
      3,240 SF

      Retail Building in Bluefield, WV

      Commercial building suitable for various businesses in Bluefield, WV.
      3180 E Cumberland Rd, BLUEFIELD, WV 24701
      View Details
    • $16,000

      Land in Bluefield, WV

      Commercial land with utilities and easy highway access.
      4431 E CUMBERLAND RD, BLUEFIELD, WV 24701
      View Details
    • $39,900
      5,024 SF

      Bluefield Commercial Property with Land

      Commercial building with additional parcels and parking lot.
      208 WILSON, BLUEFIELD, WV 24701
      View Details
    • $249,000
      3,648 SF

      Commercial Property in BLUEFIELD, WV

      Commercial property for sale in BLUEFIELD, West Virginia.
      3717 Cumberland Road, BLUEFIELD, WV 24701
      View Details
    • $9,999

      Buildable Lot with Mountain Views

      Affordable .19-acre lot in Bluefield, WV with utilities.
      160 GILES Street, BLUEFIELD, WV 24701
      View Details
    • $149,900

      Commercial Lot in Bluefield, WV

      Commercial lot suitable for various business types in Bluefield.
      3720 Coal Heritage Rd, BLUEFIELD, WV 24701
      View Details
    • $920,400

      Bluefield NNN Investment Opportunity

      NNN leased property with investment grade tenant in Bluefield.
      3104 E Cumberland Rd, Bluefield, WV 24701
      View Details
    • $315,000
      5,760 SF

      Bluefield Multifamily Investment Opportunity

      Five-unit residential property with a three-bay garage in Bluefield.
      1915 VINEYARD RD., BLUEFIELD, WV 24701
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land for residential development in a desirable neighborhood.
    Where is this residential land & home lot located?
    The property is located at Parkway Bluefield, WV.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Desirable neighborhood location.; Opportunity to build a custom dream home.; Potential for modular home construction (subject to city approval).
    (757) 478-3261
    We can help!
    Listing Contact
    CATHERINE SMITH
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!