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    66-Acre Elk River Retreat Title is generated by Realmo AI

    213 Lazy K Drive, Elkview, WV 25071

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    For Sale
    $3,700,000

    MULTI_FAMILY - Elkview, WV

    Property size:
    8,714 SF
    Lot size:
    66.25 Acres
    Price / SF:
    $424/SF
    Added:
    May 13, 2026
    Days on Market:
    7
    Last Refresh:
    May 19 at 8:06 pm

    Property Features for 213 Lazy K Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    9
    Rooms
    Bedroom 2, Bathroom 5, Bedroom 5, Bedroom 1, Bedroom 7, Bedroom 8, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 6, Bathroom 6, Bathroom 1, Bathroom 4, Bedroom 9, Bedroom 4
    Parking features
    Garage
    Appliances
    Oven, Range, Refrigerator
    Standard status
    Active
    APN
    15-0023-0094-0000-0000
    Size
    8,714 SF
    Lot size
    66.25 Acres

    Taxes and HOA fees

    Tax Description
    REAR 65.77 AC M/L SURF BUFF LICK BR CC SPLIT FR 65.77 AC M/L SURF BUFF LICK BR CC SPLIT
    Tax Annual Amount
    3841

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public
    Water front features
    Pond, Stream, River Access, Creek

    Building Details

    Number of units
    6
    Flooring type
    Hardwood
    Building materials
    Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Christina DiFilippo
    Christina DiFilippo

    Listing agent Christina DiFilippo License #0027337

    Listing office Better Homes and Gardens Real Estate Central 928 Cross Lanes Dr., Cross Lanes, WV

    Listing date May 13, 2026

    MLS# 283484 Listing URL

    Copyright © 2026 Kanawha Valley Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Great Location on Main Street
    • Turn Key Operations
    • Fully furnished with equipment
    • Over 1 Acre
    • Various types of businesses will fit
    • Building remodeled in 2024

    Overview

    This 66-acre property, located near the interstate and minutes from Charleston, includes four cabins, one RV with a front porch, and a main home featuring a wrap-around deck. The property also offers 40 RV sites equipped with electric, water, and septic hook-ups. The estate provides access to the Elk River, suitable for kayaking, canoeing, and fishing. A private pond with a small dock, paddle boat, and canoe is present, along with a playground and wooded areas. The property, totaling 8714 square feet, is currently purposed as a rental business or private retreat. It offers potential for income generation.
    Location Intelligence

    Current Use by Public Records

    Campgrounds

    Map

    City
    Elkview
    County
    Kanawha
    State
    West Virginia
    Longitude
    -81.469979
    Latitude
    38.438825

    Nearby Similar for Sale

    • $1,250,000
      30,000 SF

      Versatile Commercial Property Near Charleston

      Commercial property with income potential near Charleston, West Virginia.
      5100 Elk river Road N, Elkview, WV 25071
      View Details
    • $3,700,000

      MULTI_FAMILY - Elkview, WV

      213 Lazy K Drive, Elkview, WV 25071
      View Details
    • $195,000
      1,764 SF

      Furnished Rancher on Wooded Acreage

      Semi-private, furnished 2BR rancher on 2.76 wooded acres.
      138 Shady Breeze Lane Unit 138, Elkview, WV 25071
      View Details

    FAQs

    What type of property is this?
    Campground - Versatile 66-acre estate with cabins, RV sites, and river access.
    Where is this campground located?
    The property is located at 213 Lazy K Drive Elkview, WV.
    What is the asking price?
    The asking price for this property is $3,700,000.
    What are key features of this property?
    This property features: Great Location on Main Street; Turn Key Operations; Fully furnished with equipment
    (304) 545-6364
    We can help!
    Listing Contact
    Christina DiFilippo
    Christina DiFilippo
    Real Estate License ID: 0027337
    Learn More
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    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
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