Garage and Multiple Homes on
For Sale
$399,900
5 TUSCARORA Pike, Hedgesville, WV 25427
Over 4 acres with garage, mobile home, and stream.
Property Size1,920 SF
Lot Size4.00 Acres
Price / SF$208.28
Days on Market121
Property Features for 5 TUSCARORA Pike
General Information
Standard status
Active
Size
1,920 SF
Lot size
4.00 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$1,370
Building Details
Year Built
1880
Units
1
Listing Agency:
RE/MAX REAL ESTATE GROUP
(304) 728-7477
Listed By:
Matthew P Ridgeway
(304) 728-7477
Source:
Elliman
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 16 at 10:48AM
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 RE/MAX REAL ESTATE GROUP
Investment Insights
Based on property information with market context.
This property features a 40 x 48 garage with two 12-foot doors and 12' clear height suitable for a lift, along with a large loft for storage. The property includes a mobile home that is currently rented. There are also two additional unoccupied homes that are ready for renovation. The property is made up of over 4 acres and includes stream frontage. The location has a walk score of 0, indicating car-dependence, and a bike score of 23, indicating it is somewhat bikeable. This property is presented as a great investment opportunity.
Key Highlights
- 4+ acres of land with stream frontage
- Large 40 x 48 garage with 12' clearance and loft storage
- Garage has two 12‑foot doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,382
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$247,640
$247.6K
Cap Rate 7%
$176,886
$176.9K
Cap Rate 9%
$137,578
$137.6K
Market Conditions
NOI Build-Up for 1,920 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$19.1K $9.96/SF
− Vacancy
−$1.4K −$0.75/SF
EGI
$17.7K $9.21/SF
− OpEx
−$5.3K −$2.76/SF
NOI
$12.4K $6.45/SF
Area
Berkeley County, WV
Vacancy
7.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$247,640
Cap Rate 7%
$176,886
Cap Rate 9%
$137,578
Alternative Uses
Best Use
Retail
$176.9K
$154.8K – $206.4K
NOI $12,382 @ 7.0% cap · market cap 3.10%
Second Best
Industrial
$158.5K
$138.7K – $184.9K
NOI $11,092 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$347.6K
$304.1K – $405.5K
NOI $24,330 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 25427, WV
16,219
Population
7,193
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
92%
High-School Grad
130.9 sq mi
ZIP Area
124
Density / Sq Mi
$86,985
Median Household Income
$44,981
Median Earnings
$1,218
Median Rent
$257,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Over 4 acres with garage, mobile home, and stream.
Where is this residential land & home lot located?
The property is located at 5 TUSCARORA Pike Hedgesville, WV.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 4+ acres of land with stream frontage; Large 40 x 48 garage with 12' clearance and loft storage; Garage has two 12‑foot doors
