Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Along Blue & Gray Title is generated by Realmo AI

    732 Blue & Gray Highway, Philippi, WV 26416

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Philippi, WV

    Lot size:
    0.10 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    66
    Last Refresh:
    May 28 at 2:06 pm

    Property Features for 732 Blue & Gray Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    General Commercial
    Standard status
    Active
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    0.10 Acres +/- by survey Part of 8-119.3
    Tax Annual Amount
    2510

    Utilities

    Utilities
    Cable Available
    Water front
    1

    We can help!

    Listing Contact
    MARY STEWART

    Listing agent MARY STEWART License #WV0028914

    Listing office HOMEFINDERS PLUS REAL ESTATE INC 104 State Street, Bridgeport, WV

    Listing date Mar 24, 2026

    MLS# 10158537

    Copyright © 2026 North Central West Virginia Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Water and sewage access on the property
    • Located along the Blue & Gray Expressway
    • Potential for parking or used car lot on state road space
    • Enjoy the river waterfront feature
    • Ideal for a small office building
    • Potential for advertising signs

    Overview

    This small piece of land is located along the Blue & Gray Expressway and is zoned for general commercial use. It could be suitable for a small office building. The space in front, belonging to the state road, could be used for parking or a used car lot. This is a long, narrow piece of land that could be used to sell space for advertising signs. Water and sewage are available to the property. Electric service would need to be run to the site. The property offers the potential to construct a deck overlooking the river.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Philippi
    County
    Barbour
    State
    West Virginia
    Longitude
    -80.043413
    Latitude
    39.151289

    Nearby Similar for Sale

    • $395,000
      1,824 SF

      Operational Kennel with Residential Home

      Kennel, training facility, and three-bedroom home on 26 acres.
      611 Mount Liberty Road, Philippi, WV 26416
      View Details
    • $335,000
      1,112 SF

      Farm with House and Mobile

      23-acre farm featuring a house, mobile home, and pole building.
      20326 Barbour County Highway, Philippi, WV 26416
      View Details
    • $800,000

      99 Acres of Land in Philippi

      99 +/- acres of land with trees and nature.
      0 Indian Fork Road, Philippi, WV 26416
      View Details
    • $8,900
      800 SF

      Philippi Commercial Property For Sale

      Commercial garage and storefront property in Philippi, West Virginia.
      249 Cherry Hill Rd, Philippi, WV 26416
      View Details
    • $249,000

      Philippi Land with Development Potential

      45.64 acres of countryside with easy access.
      10470 Morgantown Pike, Philippi, WV 26416
      View Details
    • $11,900

      Wooded Acre in Philippi, WV

      One wooded acre of land for sale in Barbour County.
      506 Polecat Hollow Rd, Philippi, WV 26416
      View Details
    • $189,000

      Versatile 20-Acre Land Parcel

      20 acres with road frontage and tranquil pond.
      Barbour County Highway, Philippi, WV 26416
      View Details
    • $325,000

      79+ Wooded Acres Near Tygart

      79.55 acres of wooded land near Tygart Lake.
      Narrows Road, Philippi, WV 26416
      View Details
    • $45,000

      Land For Sale in Philippi

      Three acres suitable for residential or commercial development in Philippi.
      1011 S Main Street, Philippi, WV 26416
      View Details
    • $39,000

      Land For Commercial or Residential

      1.36 acre lot with utilities available in Philippi, WV.
      BARBOUR COUNTY Highway, Philippi, WV 26416
      View Details
    • $19,000

      Land For Sale in Philippi

      0.47 acre lot with city utilities in Philippi, WV.
      Barbour County Highway lot: 4, Philippi, WV 26416
      View Details
    • $39,900

      Secluded Mountain Top Land

      6 acres of wooded land with mountain views.
      2208 Arden Road, Philippi, WV 26416
      View Details

    FAQs

    What type of property is this?
    Commercial land - Small commercial land ideal for office building or advertising.
    Where is this commercial land located?
    The property is located at 732 Blue & Gray Highway Philippi, WV.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Water and sewage access on the property; Located along the Blue & Gray Expressway; Potential for parking or used car lot on state road space
    (304) 203-0488
    We can help!
    Listing Contact
    MARY STEWART
    Real Estate License ID: WV0028914
    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
    732 Blue & Gray Highway, Philippi, WV 26416
    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!