Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Barboursville Apartment Building on 97 Acres Title is generated by Realmo AI

    168 Mountaineer Way, Barboursville, WV 25504

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,899,000

    1 Unit Apartment Building Offered at $1,899,000

    Property size:
    8,421 SF
    Lot size:
    97.30 Acres
    Price / SF:
    $225/SF
    Added:
    May 14, 2025
    Days on Market:
    374
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 168 Mountaineer Way

    General Information

    Standard status
    Active
    Property type
    Residential income homes, Multifamily properties, Investment properties, Residential income properties
    Size
    8,421 SF
    Elevators
    N/A
    Lot size
    97.30 Acres

    Building Details

    Year Built
    2010
    Buildings
    1
    Stories
    3

    We can help!

    Listing Contact
    Quintie Smith

    Listing agent Quintie

    Listing office Realcorp, LLC

    Listing date May 14, 2025

    Overview

    This property is a one-unit apartment building located in Barboursville, West Virginia. Constructed in 2010, the building encompasses 8,421 square feet and spans three stories. The property is situated on a 97.3-acre lot. The apartment building contains 6 bedrooms and 4.5 bathrooms. It is suitable as an investment property.
    Location Intelligence

    Current Use by Public Records

    Residential income homes

    Map

    City
    Barboursville
    County
    Cabell
    State
    West Virginia
    Longitude
    -82.2945923
    Latitude
    38.4095298

    Nearby Similar for Sale

    • $299,500
      2,548 SF

      Barboursville Office Building For Sale

      Commercial building in Barboursville with reception area and parking.
      677 Central Ave, Barboursville, WV 25504
      View Details
    • $399,900
      1,800 SF

      Barboursville Office Building For Sale

      1,800 sq ft office building suitable for various businesses.
      6467 Farmdale Road, Barboursville, WV 25504
      View Details
    • $3,500,000
      8,970 SF

      Barboursville Commercial Property on Route 60

      High-visibility commercial property near Huntington Mall, ideal for various businesses.
      8026 Route 60 East, Barboursville, WV 25504
      View Details
    • $2,200
      1,650 SF

      New Commercial Building on Route 60

      Customizable commercial space with high visibility and excellent access.
      6433 Rt 60 E, Barboursville, WV 25504
      View Details
    • $3,500
      2,354 SF

      Barboursville Office Space for Sale

      Remodeled office space with treatment and exam rooms for sale.
      5150 Rt 60 Suite 111, Barboursville, WV 25504
      View Details
    • $130,000

      Barboursville Retail Opportunity

      Retail property with potential for residential or commercial use.
      5011 & 5017 State Hwy 10, Barboursville, WV 25504
      View Details
    • $65,000

      Retail Business Opportunity Near I-64

      Turnkey retail business with established brand and fully stocked inventory.
      3540 42 U.S. 60, Barboursville, WV 25504
      View Details
    • $3,000,000
      23,938 SF

      Prime Retail Location Near Mall

      Retail property with entertainment tenant near mall exit.
      5 Cracker Barrel Dr, Barboursville, WV
      View Details

    FAQs

    What type of property is this?
    Residential income home - 1 Unit Apartment Building Offered at $1,899,000
    Where is this residential income home located?
    The property is located at 168 Mountaineer Way Barboursville, WV.
    What is the asking price?
    The asking price for this property is $1,899,000.
    (304) 840-1781
    We can help!
    Listing Contact
    Quintie 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

    Thank You for Inquiry
    168 Mountaineer Way, Barboursville, WV 25504
    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!