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    Ashland Land Near Hatfield-McCoy Trails Title is generated by Realmo AI

    5685 Cherokee Road, Ashland, WV 24868

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    Three adjacent lots in ATV tourism hub with development potential.

    Type:Land, Special Purpose
    Added:
    May 18, 2026
    Days on Market:
    10
    Last Refresh:
    May 21 at 7:29 am

    Property Features for 5685 Cherokee Road

    General Information

    Standard status
    Active
    Property subtype
    Land, Special Purpose

    We can help!

    Listing Contact
    Laura Collins

    Listing agent Laura Collins License #WVS210301731

    Listing office Old Colony Company of Beckley

    Listing date May 18, 2026

    Source Crexi

    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 Old Colony Company of Beckley

    HighLights

    • Prime location in the heart of the Hatfield‑McCoy tourism region with high ATV traffic on Cherokee Road.
    • Direct ride‑in/ride‑out ATV access to multiple Hatfield‑McCoy Trail Systems.
    • Exceptional potential for residential, commercial, recreational, or investment development.
    • Three side‑by‑side lots with mostly level, buildable terrain and approximately 148 feet of road frontage.
    • Paved/state‑maintained access and public utilities available.
    • Former homesite previously existed on the property; partial fencing in place.

    Overview

    This property features three side-by-side lots in Ashland, offering high visibility and ATV traffic on Cherokee Road. Situated near the Ashland Company Store, the location is central to Southern West Virginia's Hatfield-McCoy tourism region, presenting development potential for residential, commercial, recreational, or investment purposes. The property provides ride-in/ride-out ATV access to the Indian Ridge, Pocahontas, Pinnacle Creek, Warrior, and Outlaw Trail Systems, connecting to hundreds of miles of Hatfield-McCoy Trails. The area attracts ATV enthusiasts year-round, making it suitable for cabins, RV sites, short-term rentals, storage units, restaurants, retail, lodging, or other trail-related businesses. The terrain is mostly level and buildable, with approximately 148 feet of road frontage. Access is paved and state-maintained, and public utilities are available. Partial fencing is already in place, and a former homesite previously existed on the property. The property offers accessibility and recreational traffic in the Hatfield-McCoy region, presenting possibilities in one of West Virginia's outdoor recreation destinations.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Grocery & Convenience Store Restaurant Hotel & Motel Restaurant Real Estate Agency Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Ashland
    County
    McDowell
    State
    West Virginia
    Longitude
    -81.3528333
    Latitude
    37.4087979

    FAQs

    What type of property is this?
    Recreation land - Three adjacent lots in ATV tourism hub with development potential.
    Where is this recreation land located?
    The property is located at 5685 Cherokee Road Ashland, WV.
    What is the asking price?
    The asking price for this property is $85,000.
    What are key features of this property?
    This property features: Prime location in the heart of the Hatfield‑McCoy tourism region with high ATV traffic on Cherokee Road.; Direct ride‑in/ride‑out ATV access to multiple Hatfield‑McCoy Trail Systems.; Exceptional potential for residential, commercial, recreational, or investment development.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Laura Collins
    Real Estate License ID: WVS210301731
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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.

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