Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Property with Development Potential Title is generated by Realmo AI

    100 Sand Hill Mobile Unit 100, Charleston, WV 25312

    View on Map
    Claim this Listing
    For Sale
    $1,500,000

    9.59 acre property featuring mobile home spots and residences.

    Property size:
    1 SF
    Lot size:
    9.59 Acres
    Price / SF:
    $1,500,000/SF
    Added:
    Oct 16, 2024
    Days on Market:
    599
    Last Refresh:
    May 12 at 9:38 pm

    Property Features for 100 Sand Hill Mobile Unit 100

    General Information

    Standard status
    Active
    Size
    1 SF
    Lot size
    9.59 Acres
    Property subtype
    Other

    We can help!

    Listing Contact
    Old Colony

    Listing agent Old Colony

    Listing office

    Listing date Oct 16, 2024

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Old Colony

    HighLights

    • 9.59 acre property with development potential.
    • 24 mobile home spots provide immediate income potential.
    • Includes a single family home and a double wide trailer.
    • Convenient location near schools, businesses, and restaurants.
    • Ideal for investors seeking portfolio expansion.
    • Level topography.

    Overview

    This 9.59-acre property presents a unique investment opportunity, featuring 24 mobile home spots, a single-family home, and a double-wide trailer. Vacant land is available for further development. The property is located near schools, businesses, and restaurants. This versatile real estate is suited for investors aiming to expand their portfolio or those interested in multi-family living arrangements.
    Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Kanawha
    State
    West Virginia
    Longitude
    -81.673802
    Latitude
    38.4767549

    Nearby Similar for Sale

    • $865,000
      6,450 SF

      Historic Office Building on Kanawha

      Historic 6,450 SF office building with river views.
      1510 Kanawha Boulevard E, Charleston, WV 25311
      View Details
    • $189,000
      5,900 SF

      Charleston Commercial Building For Sale

      Move-in ready commercial building with flexible space and ample parking.
      3422 Pennsylvania Avenue, Charleston, WV 25302
      View Details
    • $499,900
      8,700 SF

      Three-Story Office and Retail Building

      Three-story building with basement and elevator servicing all levels, with street and separate upper-level access.
      229 Capitol Street, Charleston, WV 25301
      View Details
    • $109,000
      4,700 SF

      Charleston Commercial Building For Sale

      4,700 SF commercial building suitable for various business uses.
      7133 Sissonville Drive, Charleston, WV 25320
      View Details
    • $899,000

      Former Restaurant Building with Drive-Thru

      Freestanding building with drive-thru, ideal for restaurant or retail.
      741 W Washington Street, Charleston, WV 25302
      View Details
    • $750,000

      Commercial Office Building with Visibility

      Two-story office building with easy access and ample parking.
      412 Tennessee Avenue, Charleston, WV 25302
      View Details
    • $10,000
      2,220 SF

      Charleston Commercial Property Ready

      Commercial property near I-64 and downtown Charleston.
      2708 Woodward Drive, Charleston, WV 25312
      View Details
    • $499,000
      9,000 SF

      Kanawha City Commercial Building

      Versatile commercial building in Kanawha City with income potential.
      3624 MacCorkle Avenue SE, Charleston, WV 25304
      View Details
    • $697,000
      6,715 SF

      Two-Story Office Building, Apartments Potential

      Two-story office building with apartment potential in Charleston, WV.
      804/806 Greenbrier Street, Charleston, WV 25311
      View Details
    • $799,000
      16,000 SF

      Versatile Commercial Property in Charleston

      Expansive commercial property with prime location and flexible layout.
      3324 Pennsylvania Avenue, Charleston, WV 25302
      View Details
    • $850,000

      Renovated Office Building in Charleston

      Fully renovated two-story office building in downtown Charleston, WV.
      16 Capitol Street, Charleston, WV 25301
      View Details
    • $140,000
      2,164 SF

      Duplex with Accessible Unit

      Two updated 2-bedroom units offer flexibility for rental income or owner-occupied office use.
      1576 Washington Street E, Charleston, WV 25311
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - 9.59 acre property featuring mobile home spots and residences.
    Where is this mobile home & rv park located?
    The property is located at 100 Sand Hill Mobile Unit 100 Charleston, WV.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 9.59 acre property with development potential.; 24 mobile home spots provide immediate income potential.; Includes a single family home and a double wide trailer.
    (304) 344-2581
    We can help!
    Listing Contact
    Old Colony
    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
    100 Sand Hill Mobile Unit 100, Charleston, WV 25312
    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!