Property profile

894 Old Furnace Rd Ridgeley, WV 26753

FOR SALE
Retail space
Property ID
US94-1178191
900 SF 0.67 ac lot Built 1935
Individually Owned Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The Jump’s Salvage Yard property comprises approximately 5 acres of unrestricted land and includes a transferable salvage permit. It also features a 3,000-square-foot building configured with office, storage, and garage/maintenance space. The main level contains a reception area with counter space and offices, a private office, a staff kitchen, additional storage rooms, and a half bathroom. The lower level offers expansive storage with built-in shelving and a wood stove, along with a garage addition containing four overhead doors and two car lifts. The site fronts directly on Old Furnace Road, a county-maintained road in Ridgeley, West Virginia, and is positioned for regional access to Interstate 68 and Interstate 70 and nearby Cumberland, Maryland. Zoning and land-use details indicate unrestricted land use, and the building layout is suited to uses that require administrative space together with substantial storage and mechanical/garage functionality, with the permit being transferable to a qualified operator.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1935
Construction WOOD FRAME
Total area 900 SF
Lot 0.67 ac (29,185 SF)
APN 29-04- 10-0047.0000
UPID US94-1178191

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store Auto Parts Store

Location

894 Old Furnace Rd Ridgeley, WV 26753
Ridgeley metro Census 10300 CUMBERLAND, MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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