Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    124 Surface Dr Charleston, WV 25302

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    295-acre development parcel near Charleston with mixed zoning.

    Property size:
    295 SF
    Lot size:
    295.00 Acres

    Property Features for 124 Surface Dr

    General Information

    Size
    295 SF
    Lot size
    295.00 Acres

    We can help!

    Listing Contact
    Trenton A. Mcpherson
    Source: Naiglobal

    Listing Agent: Trenton A. Mcpherson

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

    Learn more

    Property Insight Report

    Overview

    Charleston Development Land For Sale

    This 295-acre property is located just miles from downtown Charleston. A 50-acre portion of the site has been excavated and leveled, making it suitable for immediate development. 101 acres of the site are located within the city limits and are zoned for single and multi-family use. The remaining 194 acres are outside the city limits and have no zoning restrictions. All utilities are available to the site. The property offers visibility from I-79 and I-77. It represents a large development parcel available in the Charleston Metropolitan Statistical Area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Auto Repair Shop Auto Parts Store Kitchen & Bath Storage Facility Bar & Pub Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Kanawha
    State
    West Virginia
    Longitude
    -81.614746
    Latitude
    38.384434

    Nearby Similar for Sale

    • $1,995,000
      Pending

      Spacious Flex Warehouse in Charleston

      Renovated 68,872 SF flex warehouse with excellent highway access.
      1545 Hansford St, Charleston, WV 25311
      View Details
    • $430,000
      5,000 SF

      Charleston Mixed-Use Investment Opportunity

      Historical mixed-use property near WV State Capital with rental income.
      1636 Kanawha Blvd E, Charleston, WV 25311
      View Details
    • $699,000
      10,000 SF

      Versatile Commercial Property in Charleston

      10,000 sq ft commercial space suitable for various business uses.
      3036 Washington St W, Charleston, WV 25387
      View Details
    • $850,000

      Renovated Office Building in Charleston

      Fully renovated two-story office building in downtown Charleston, WV.
      16 Capitol St, Charleston, WV 25301
      View Details
    • $349,900
      0.36 Acres

      Versatile Commercial Property Near Elk City

      25,000 sq ft commercial building suitable for various uses.
      416-418 Washington St W, Charleston, WV 25302
      View Details
    • New
      $199,900
      2,507 SF

      Renovated Duplex with Apartment Building

      Duplex and apartment building with rental income potential in Charleston.
      512 Maxwell St, Charleston, WV 25311
      View Details
    • $499,000
      Pending

      Downtown Building on Capitol Street

      Downtown Charleston building with high foot traffic and business potential.
      229 Capitol St, Charleston, WV 25301
      View Details
    • $319,900
      2,816 SF

      Ranch Home with Income Potential

      Charming ranch on 1.98 acres with rental income potential.
      5148 Big Tyler Rd, Charleston, WV 25313
      View Details
    • $185,000
      0.48 Acres

      Charleston Mixed-Use Opportunity Zone Property

      Unique mixed-use property with single-family residence in Charleston's East End.
      501 Elizabeth St, Charleston, WV 25311
      View Details
    • $179,000
      2,902 SF

      Charleston Triplex Near Kanawha Forest

      Three-unit apartment near Kanawha State Forest with on-site parking.
      14 Cheerful Ln, Charleston, WV 25304
      View Details
    • $259,000
      Pending

      Mixed-Use Property with Warehouse & Office

      Downtown Charleston mixed-use property with warehouse and office space for sale.
      1219 Pennsylvania Ave, Charleston, WV 25302
      View Details
    • $1,500,000
      9.59 Acres

      Versatile Charleston Property For Sale

      9.59 acre property with multiple residential options and development potential.
      100 Sand Hill Mobile Park, Charleston, WV 25312
      View Details

    FAQs

    What type of property is this?
    Land - 295-acre development parcel near Charleston with mixed zoning.
    Where is this land located?
    The property is located at 124 Surface Dr Charleston, WV.
    What are key features of this property?
    This property features: - Largest development parcel available in Charleston MSA; - 50-acres excavated and level for immediate development; - All utilities available to site
    (304) 542-5148
    Request Owner's contact information
    124 Surface Dr Charleston, WV 25302
    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.
    124 Surface Dr
    Charleston, WV 25302
    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
    124 Surface Dr Charleston, WV 25302
    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

    We can help!
    Listing Contact
    Trenton A. Mcpherson
    (304) 542-5148
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.