Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3 Elm Crest Ct Morgantown, WV 26508

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Wooded lot, build your dream home. Prime location.

    Property Features for 3 Elm Crest Ct

    General Information

    Property type
    Land
    Lot Size
    45,738 SF

    We can help!

    Listing Contact
    KAY MICHAEL ALEXANDER
    KAY MICHAEL ALEXANDER

    Listing Agency: Howard Hanna Premier Properties By Barbara Alexander, LLC Listing Agent: KAY MICHAEL ALEXANDER

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 1.05-acre residential lot, located at Lot 3 Elm Crest Court in Morgantown, West Virginia, presents a unique opportunity to build your dream home. Situated in Monongalia County, zip code 26508, this property offers a peaceful, secluded setting while remaining conveniently close to local amenities. The lot is beautifully wooded, providing a tranquil backdrop for your future residence. The asking price for this desirable land is $55,000. Its convenient location offers the best of both worlds: a quiet, out-of-the-way feel while still being close to everything Morgantown has to offer. The property's address is Lot 3 Elm Crest Court, Morgantown, WV 26508. This is a truly exceptional opportunity to acquire a prime piece of land in a sought-after location. Don't miss out on the chance to build your dream home in this idyllic setting. The geographic coordinates are 39.64183554082792 latitude and -79.8992583859797 longitude.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Morgantown
    County
    Monongalia
    State
    West Virginia
    Longitude
    -79.89925838598
    Latitude
    39.641835540828

    Nearby Similar for Sale

    • $250,000
      4,400 SF

      Versatile Mixed-Use Building in Morgantown

      4400 sqft building on just under 1 acre.
      2889 Grafton Rd, Morgantown, WV 26508
      View Details
    • $1,500,000
      10,296 SF

      Fully Leased Morgantown Office Building

      Exceptional commercial office building in Cheat Lake, fully leased.
      230-270 Lakewood Ctr, Morgantown, WV 26508
      View Details
    • $2,200,000
      8,000 SF

      Prime Morgantown Strip Mall

      Fully occupied strip mall in excellent condition and prime location.
      3109 University Ave, Morgantown, WV 26505
      View Details
    • $299,900
      4,800 SF

      Turnkey Bar/Restaurant Business Opportunity

      Established Morgantown bar/restaurant business for sale with equipment and license.
      325 High St, Morgantown, WV 26505
      View Details
    • $1,625,000
      12,477 SF

      Historic Morgantown Mixed-Use Property

      Fully leased mixed-use property with restaurant and apartments in Morgantown.
      156 Clay St, Morgantown, WV 26501
      View Details
    • $575,000
      7,392 SF

      Historic Mixed-Use Building in Morgantown

      Historic building with retail space and remodeled apartments in downtown.
      220-222 Pleasant St, Morgantown, WV 26505
      View Details
    • $700,000
      5,180 SF

      Morgantown Mixed-Use Corner Lot

      Commercial building on busy corner lot, suitable for various businesses.
      1433 Dorsey Ave, Morgantown, WV 26501
      View Details
    • $1,075,000
      7,800 SF

      Spacious Office Suite in Morgantown

      Desirable office suite with ample space and convenient access.
      4000 Hampton Ctr, Morgantown, WV 26505
      View Details
    • $482,000
      2,838 SF

      Morgantown Office Investment Opportunity

      Four-tenant office suites in desirable Morgantown location.
      6000 Coombs Farm Rd, Morgantown, WV 26508
      View Details
    • $2,200,000
      41,600 SF

      Morgantown Mixed-Use Commercial Property

      Large commercial property with multiple buildings on 7 acres.
      951 Point Marion Rd, Morgantown, WV 26508
      View Details
    • $3,250,000

      Morgantown Flex Space with Office

      Flex space with built-out office in Morgantown's Chaplin Hill.
      112 Corporate Dr, Morgantown, WV 26501
      View Details
    • $349,900
      3,900 SF

      Downtown Morgantown Mixed-Use Investment

      Income-producing mixed-use property in a desirable downtown location.
      78 Kingwood St, Morgantown, WV 26501
      View Details

    FAQs

    What type of property is this?
    Land - Wooded lot, build your dream home. Prime location.
    Where is this land located?
    The property is located at 3 Elm Crest Ct Morgantown, WV.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: $55,000 asking price for 1.05 acres of residential land.; Located in Morgantown, WV, 26508, at Lot 3 Elm Crest Court.; Wooded lot ideal for new home construction.
    (304) 594-0115 Call to check price and availability
    Request Owner's contact information
    3 Elm Crest Ct Morgantown, WV 26508
    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.
    3 Elm Crest Ct
    Morgantown, WV 26508
    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
    3 Elm Crest Ct Morgantown, WV 26508
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing KAY MICHAEL ALEXANDER
    KAY MICHAEL ALEXANDER
    Real Estate License ID: WV0017400
    (304) 594-0115 (304) 282-0077
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!