Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    417 Greasy Ridge Rd Princeton, WV 24739

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    13.6 acres of commercial land with high visibility.

    Type:Land
    Property size:
    13 SF
    Added:
    Nov 21, 2025
    Days on Market:
    133
    Last Refresh:
    Dec 3 at 5:07 am

    Property Features for 417 Greasy Ridge Rd

    General Information

    Standard status
    Active
    Size
    13 SF
    Property subtype
    Land

    Building Details

    Year Built
    1925

    We can help!

    Listing Contact
    Trenton A. McPherson

    Listing agent Trenton A. McPherson

    Listing office

    Listing date Nov 21, 2025

    Source Naiglobal

    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 Trenton A. McPherson

    Overview

    13.6 Acres Commercial Land Available

    This property offers a 13.6-acre land opportunity in a highly visible location. It benefits from proximity to retail establishments and various amenities. The site is adjacent to a Walmart and a retail strip center. The location provides visibility from I-77 and is situated within 1.5 miles of "The Ridges" planned development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Princeton
    County
    Mercer
    State
    West Virginia
    Longitude
    -80.9628
    Latitude
    37.3344

    Nearby Similar for Sale

    • $800,000
      2,168 SF

      Restaurant and Convenience Store Opportunity

      Turn-key restaurant and convenience store with full kitchen.
      3377 Beckley Road, PRINCETON, WV 24740
      View Details
    • $249,900
      1,528 SF

      Versatile Commercial Property in Princeton

      Corner lot property ideal for business or new headquarters.
      200 Edgemont Dr, PRINCETON, WV 24740
      View Details
    • $425,000

      Commercial Lot in Princeton, WV

      Ready-to-develop commercial lot in a high-traffic area.
      180 LYLE WAY LOT # 3, PRINCETON, WV 24740
      View Details
    • $300,000

      Commercial Lot in Princeton, WV

      Ready-to-develop commercial lot in high-traffic area.
      180 LYLE WAY LOT # 6, PRINCETON, WV 24740
      View Details
    • $500,000

      Commercial Lot in Princeton, WV

      Ready-to-develop commercial lot in high-traffic area.
      180 LYLE WAY LOT #5, PRINCETON, WV 24740
      View Details
    • $438,500
      2,334 SF

      Downtown Princeton Commercial Property

      Circa-1910 commercial property in Downtown Princeton, suitable for diverse uses.
      315 Straley Ave., PRINCETON, WV 24739
      View Details
    • $1,500,000

      Prime Development Land Opportunity

      High-visibility land parcel for multi-housing, medical, or educational development.
      Rt 460 Ingleside Rd, PRINCETON, WV 24740
      View Details
    • $3,500,000
      4,300 SF

      Versatile Venue with Lake and Lodging

      Reputable business with lake, lodging, and event hosting.
      377 Imperial Drive, PRINCETON, WV 24739
      View Details
    • $20,900

      Residential Lot in Shenandoah Estates

      Residential building lot in desirable Princeton neighborhood, outside city limits.
      Blueridge Ave Lot 113, PRINCETON, WV 24740
      View Details
    • $75,000

      Vacant Lots in Morningside

      Two building lots in Princeton, close to amenities.
      Morningside, PRINCETON, WV 24740
      View Details
    • $195,000

      50 Acres Vacant Land

      50 acres of vacant land ready for development.
      0 Gardner Road, Princeton, WV 24740
      View Details
    • $145,000

      Residential Land in Princeton, WV

      2.48 acre building lot for residential construction.
      600 Ironwood Gate Drive, PRINCETON, WV 24740
      View Details

    FAQs

    What type of property is this?
    Land - 13.6 acres of commercial land with high visibility.
    Where is this land located?
    The property is located at 417 Greasy Ridge Rd Princeton, WV.
    What are key features of this property?
    This property features: 13.6 acres land opportunity; Highly visible location from I‑77; Adjacent to Walmart & Retail Strip Center
    (304) 542-5148
    We can help!
    Listing Contact
    Trenton A. McPherson
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!