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
    Back to Search

    2 Grecian Ln Hedgesville, WV 25427

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $499,900

    61.84 acre parcel with cabin bordering Sleepy Creek Wildlife.

    Property Features for 2 Grecian Ln

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Travis B Davis
    Source: Corcoran

    Listing Agent: Travis B Davis

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

    Learn more

    Property Insight Report

    Overview

    61.84 Acres Backing Sleepy Creek

    This 61.84-acre parcel directly borders the Sleepy Creek Wildlife Management area. The property includes wooded areas, open spaces, a pond, scenic vistas, and mountain views. A rustic hunting cabin is located on the property and is equipped with solar power, but it does not have running water. An adjacent 63.65-acre parcel is also available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Hedgesville
    County
    Berkeley
    State
    West Virginia
    Longitude
    -78.122571
    Latitude
    39.477168

    Nearby Similar for Sale

    • $225,000

      Hedgesville Historic Colonial with Modern Updates

      Revived 1830s Colonial with commercial/residential zoning and modern amenities.
      201 N Mary St, Hedgesville, WV 25427
      View Details
    • $268,900
      1,588 SF

      Villa with Golf Course View

      Three-bedroom villa at the Woods Resort with golf course views.
      204 Tecumseh Trl, Hedgesville, WV 25427
      View Details
    • $345,000

      Remodeled Cabin in The Woods

      Remodeled cabin in private resort community with rental history.
      278 Black Hawk Ln, Hedgesville, WV 25427
      View Details
    • $399,900

      Unrestricted Acreage with Business Potential

      Large property on 1.24 acres with potential for various businesses.
      9708 Martinsburg Rd, Hedgesville, WV 25427
      View Details
    • $264,900

      Renovated Cabin with Rental History

      Charming 2-bedroom cabin with proven short-term rental income.
      119 Algonquin Trl, Hedgesville, WV 25427
      View Details
    • $220,000

      Upgraded Storage Facility with Mobile Home

      Storage facility with mobile home, expansion potential, and recent upgrades.
      80 Calvary Hill Rd, Hedgesville, WV 25427
      View Details
    • $349,000
      1,352 SF

      Upgraded Farmette with Outbuildings

      Traditional farmette with upgrades, outbuildings, and unrestricted potential.
      3724 Hammonds Mill Rd, Hedgesville, WV 25427
      View Details
    • $350,000

      Multi-Use Building on 1.5 Acres

      Large split-level building suitable for business, residence, or both.
      4137 Hedgesville Rd, Hedgesville, WV 25427
      View Details
    • $799,900

      Hedgesville Specialty Property For Sale

      Specialty property available for purchase in Hedgesville, West Virginia.
      472 Coon Hollow Trl, Hedgesville, WV 25427
      View Details
    • $299,900

      Trapper Ridge Land For Sale

      Land available on Trapper Ridge Ln, Hedgesville, WV.
      348 Trapper Ridge Ln, Hedgesville, WV 25427
      View Details
    • $379,900

      Dripping Spring Dr, Hedgesville, WV

      Specialty property for sale in Hedgesville, WV.
      716 Dripping Spg Dr, Hedgesville, WV 25427
      View Details
    • $615,000

      Hedgesville Specialty Property For Sale

      Specialty property available for purchase in Hedgesville, West Virginia.
      97 Elnina Dr, Hedgesville, WV 25427
      View Details

    FAQs

    What type of property is this?
    Land - 61.84 acre parcel with cabin bordering Sleepy Creek Wildlife.
    Where is this land located?
    The property is located at 2 Grecian Ln Hedgesville, WV.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - Direct access to Sleepy Creek Wildlife Management Area.; - Large 61.84 acre parcel with diverse terrain (wooded, open, pond).; - Enjoy scenic vistas and mountain views.
    (304) 553-6936
    Request Owner's contact information
    2 Grecian Ln Hedgesville, WV 25427
    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.
    2 Grecian Ln
    Hedgesville, WV 25427
    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
    2 Grecian Ln Hedgesville, WV 25427
    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
    Travis B Davis
    (304) 553-6936
    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.