Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Property with Modern Amenities Title is generated by Realmo AI

    400 True Apple Way, Inwood, WV 25428

    View on Map
    Claim this Listing
    For Sale
    $449,900

    Early 1900s property with modern amenities and separate living quarters.

    Added:
    Jun 2, 2025
    Days on Market:
    368
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 400 True Apple Way

    General Information

    Standard status
    Active

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    LISA M COX

    Listing agent LISA M COX License #0225194183

    Listing office COLONY REALTY

    Listing date Jun 2, 2025

    Source Corcoran

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

    All listing content including descriptions, pricing, images are the copyrighted material of COLONY REALTY

    HighLights

    • Two Separate Living Quarters: Main Victorian home and a renovated 3,000 sq ft barn with full kitchen, sleeping loft, and luxurious bathroom.
    • Multi‑Purpose Property: Potential for Airbnb, wedding venue, office space, or residential use; previously zoned for business.
    • Energy Efficient: Includes a 50 kW solar panel system that covers power needs for the main house.
    • Pool and Hot Tub: Features a 30’ x 30’ pool and hot tub for entertaining and relaxation.
    • Updated Barn: Fully modernized 3,000 sq ft barn with flexible living and working space, including offices, great rooms, kitchen, sleeping loft, and sauna.
    • Historical Significance: Early 1900s Victorian with original features and potential for historic registry inclusion.

    Overview

    This early 1900s property, originally built as a bed and breakfast with a horse stable, has been transformed into a modernized space. The main Victorian home features 3 bedrooms and 3.5 bathrooms. The kitchen includes original cabinetry and connects to a sunroom/laundry area. The first floor also offers a dining room and family room with a fireplace. The third floor provides a finished space with hardwood floors, suitable for a studio, office, or bedroom. The walkout lower level includes a partially finished area with a wood stove and a full bath with access to the outdoor pool. The renovated 3,000 sq ft barn, once a horse stable, now serves as a flexible living and working space. The first level features offices and great rooms, while the upper level offers a self-contained living quarters with a full kitchen, sleeping loft, bathroom with walk-in shower and sauna, and ceilings with hardwood floors. Property highlights include a 50 kW solar panel system (located on the barn) that covers power needs for the main house, a 30’ x 30’ pool and hot tub, three mature grape arbors, and a detached two-car garage. The property has potential for both residential and business use. It could be used as an Airbnb, wedding venue, or office space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Charles J. ... Physician

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Inwood
    County
    Berkeley
    State
    West Virginia
    Longitude
    -78.047
    Latitude
    39.3597

    FAQs

    What type of property is this?
    Bed & breakfast - Early 1900s property with modern amenities and separate living quarters.
    Where is this bed & breakfast located?
    The property is located at 400 True Apple Way Inwood, WV.
    What is the asking price?
    The asking price for this property is $449,900.
    What are key features of this property?
    This property features: Two Separate Living Quarters: Main Victorian home and a renovated 3,000 sq ft barn with full kitchen, sleeping loft, and luxurious bathroom.; Multi‑Purpose Property: Potential for Airbnb, wedding venue, office space, or residential use; previously zoned for business.; Energy Efficient: Includes a 50 kW solar panel system that covers power needs for the main house.
    (540) 560-5711
    We can help!
    Listing Contact
    LISA M COX
    Real Estate License ID: 0225194183
    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
    400 True Apple Way, INWOOD, WV 25428
    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!