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    Agricultural Property with Two Homes Title is generated by Realmo AI

    6558 McLane Pike, Red House, WV 25168

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    New
    For Sale
    $625,000

    MULTI_FAMILY - Other - Red House, WV

    Property size:
    2,100 SF
    Lot size:
    83.00 Acres
    Price / SF:
    $297/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 12:06 pm

    Property Features for 6558 McLane Pike

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Rooms
    Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 1, Bathroom 2
    Appliances
    Dishwasher, Oven, Range, Refrigerator
    Standard status
    Active
    APN
    12-0156-0023-0000-0000
    Size
    2,100 SF
    Lot size
    83.00 Acres

    Taxes and HOA fees

    Tax Description
    82.41 AC CRAIGO FK & RT 34
    Tax Annual Amount
    2452

    Utilities

    Heating system
    Electric (Heating), Coal, Forced Air, Wood
    Cooling system
    Central Air
    Water source
    Public
    Water front features
    Pond, Creek, Stream

    Building Details

    Year built
    2015
    Floors in Building
    1
    Number of units
    2
    Building materials
    Frame, VinylSiding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Daphne Keesecker

    Listing agent Daphne Keesecker License #0030324

    Listing office Old Colony 3751 Teays Valley Road, Charleston, WV

    Listing date Jun 4, 2026

    MLS# 283847 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

    • Approx. 83‑acre property with open fields, ponds, and mature woods, plus panoramic views
    • Two fully equipped homes: main residence and an Amish‑built cabin
    • Main residence built in 2015 with open‑concept country kitchen and central air; includes 3‑bay oversized garage and half bath
    • Cabin includes 1 bedroom, loft sleeping area, full bath, utility room, and full‑length front porch
    • Metal roof, vinyl siding frame construction; utilities include public water
    • On‑site features include 2 ponds, newer 3‑bay pole barn with concrete floors, multiple outbuildings, gardens, and animal enclosures

    Overview

    This for-sale agricultural property offers an 83-acre mix of open fields, ponds, and mature woods, set up for comfortable rural living. The main residence includes an open-concept country kitchen, two spacious bedrooms, and a full bath, plus a three-bay oversized garage with a half bath. A second fully equipped home is an Amish-built cabin with an open-concept layout, one bedroom, a loft sleeping area, a full bath, a utility room, and a full-length front porch.

    The land is improved with two ponds, a newer three-bay pole barn with concrete floors, and multiple outbuildings. Additional features include gardens and animal enclosures designed to support day-to-day use on the property. Access is available from both McLane and Manilla Roads, providing practical entry points to the acreage.

    For buyers seeking a self-contained homestead or multi-generational setup, the combination of two separate dwellings and extensive rural improvements can support a variety of on-site uses. The oversize garage, pond resources, and barn facilities add utility for storage and farm-related operations, while the cabin’s porch and loft sleeping area provide a straightforward second living space. Schedule a private tour to review the property in person.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Grocery & Convenience Store Pet Store & Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Red House
    County
    Putnam
    State
    West Virginia
    Longitude
    -81.852414
    Latitude
    38.562575

    FAQs

    What type of property is this?
    Farm - Rural farmstead on 83 acres with two fully equipped dwellings, ponds, mature woods, and multiple outbuildings.
    Where is this farm located?
    The property is located at 6558 McLane Pike Red House, WV.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Approx. 83‑acre property with open fields, ponds, and mature woods, plus panoramic views; Two fully equipped homes: main residence and an Amish‑built cabin; Main residence built in 2015 with open‑concept country kitchen and central air; includes 3‑bay oversized garage and half bath
    (304) 952-9909
    We can help!
    Listing Contact
    Daphne Keesecker
    Real Estate License ID: 0030324
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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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