Building Details

Year Built 1967

Listing Agency: RE/MAX Real Estate Group

Listed By: Matthew P Ridgeway · License #WV0006670 Show Phone

Source: Kandorre

Added: Apr 10 Changed: Oct 16 Last Checked: Oct 19 at 7:54AM

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Investment Insights

Based on property information with market context.

This property presents an investment opportunity with a permitted salvage yard. The permit is currently in good standing. A 40 x 48 garage features two 12-foot doors and a 12-foot clear height suitable for a lift, along with a large loft for storage. The property includes a mobile home that is currently rented, plus two additional unoccupied homes ready for renovation. The property spans over 4 acres and includes stream frontage.

Key Highlights

• Permitted salvage yard with permit in good standing
• 40 x 48 garage featuring two 12‑foot doors and 12' clear height, plus large loft storage
• Over 4 acres of land

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,510

Cap Rate

5.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$330,200 $330.2K

Cap Rate 7%

$235,857 $235.9K

Cap Rate 9%

$183,444 $183.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,560 SF

Gross rent

$25.5K $9.96/SF

− Vacancy

−$1.9K −$0.75/SF

EGI

$23.6K $9.21/SF

− OpEx

−$7.1K −$2.76/SF

NOI

$16.5K $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 Rate 5%

$330,200

Cap Rate 7%

$235,857

Cap Rate 9%

$183,444

Alternative Uses

Best Use

Retail

$235.9K

$206.4K – $275.2K (±1% cap)

NOI $16,510 @ 7.0% cap · market cap 5.51%

Second Best

Industrial

$211.3K

$184.9K – $246.5K (±1% cap)

NOI $14,789 @ 7.0% cap · market cap 4.93%

Theoretical Best

Office A

$463.4K

$405.5K – $540.7K (±1% cap)

NOI $32,440 @ 7.0% cap · market cap 10.82%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Automotive properties

Suggested Use

Top Pick Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

13

Businesses Nearby

Well-served

Demand for This Use

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Automotive property - 4+ acre salvage yard with garage and renovation potential.

Where is this automotive property located?

The property is located at 85 Tuscarora Pike Hedgesville, WV.

What is the asking price?

The asking price for this property is $299,900.

What are key features of this property?

This property features: Permitted salvage yard with permit in good standing; 40 x 48 garage featuring two 12‑foot doors and 12' clear height, plus large loft storage; Over 4 acres of land