Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    4401 Scrabble Rd Shepherdstown, WV 25443

    Sponsored
    For Sale
    $183,000

    Prime 3.39-Acre Commercial Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional 3.39-acre commercial lot in Shepherdstown, West Virginia, presents a unique investment opportunity. Located in the exclusive Shepherds Cove Potomac River Waterfront Community, this fee-simple property boasts RES zoning and offers unparalleled access to the beauty of the Potomac River. Enjoy marina privileges, including individual dock space, and explore 12 navigable miles of pristine waterway. The community provides a resort-like atmosphere with amenities such as a community pavilion featuring an outdoor kitchen, picnic gazebo, barbecue, and fire pit

    Property Features for 4401 Scrabble Rd

    General Information

    Property type
    Land
    Lot Size
    147,668 SF

    HighLights

    • 3.39‑acre commercial lot with marina privileges in Shepherds Cove, a Potomac River waterfront community.
    • Lots range from 3.98 to 6.16 acres, priced from $183,000 to $218,000.
    • Wooded setting with access to hiking/biking trails, boating, fishing, swimming, kayaking, and canoeing.
    • Private marina access with individual dock space and 12 navigable miles of Potomac River frontage.
    • Includes initial Cress Creek Country Club membership.
    • Community amenities include a pavilion with an outdoor kitchen, gazebo, barbecue, fire pit, bocce court, and putting green.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shepherd's Cove, LLC Real Estate Developer

    Suggested Use

    Restaurant Hotel & Motel Bed & Breakfast Veterinary Clinic Breakfast Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Shepherdstown
    County
    Berkeley
    State
    West Virginia
    Longitude
    -77.839748
    Latitude
    39.485805

    Nearby Similar for Sale

    • $1,600,000
      3,692 SF

      Farmhouse Converted to Apartments

      10-unit property on 13.2 acres with rental history.
      1585 Gardners Ln, Shepherdstown, WV 25443
      View Details
    • $1,100,000
      20.62 Acres

      Land Near Downtown Shepherdstown

      20.62+/- acres with barn, well, and fencing near Shepherdstown.
      160 Otter Run Pl, Shepherdstown, WV 25443
      View Details
    • New
      $500,000
      0.79 Acres

      Shepherdstown Land For Sale

      0.79 acre lot suitable for drive-through restaurants and retail.
      Martinsburg Pike, Shepherdstown, WV 25443
      View Details
    • $950,000
      3,232 SF

      Historic Bonnymeed Farm on River Road

      Circa 1883 brick colonial farm with unrestricted acreage.
      1212 River Rd, Shepherdstown, WV 25443
      View Details
    • $339,000

      Shepherdstown Specialty Property For Sale

      Specialty property available in Shepherdstown, West Virginia.
      286 Starkeys Lndg, Shepherdstown, WV 25443
      View Details
    • $315,000

      Shepherdstown Specialty Property Available

      Specialty property for sale in Shepherdstown, West Virginia.
      136 Woodcock Ave, Shepherdstown, WV 25443
      View Details
    • $1,599,999

      Shepherdstown Specialty Property For Sale

      Specialty property available in Shepherdstown, West Virginia.
      414 Mcmurran Farm Ln, Shepherdstown, WV 25443
      View Details
    • $1,199,999

      Shepherdstown Specialty Property For Sale

      Specialty property available for purchase in Shepherdstown, West Virginia.
      17 Mistletoe Ln, Shepherdstown, WV 25443
      View Details
    • $1,199,000

      Shepherdstown Agricultural Property For Sale

      Agricultural property available in Shepherdstown, West Virginia.
      364 Knott Rd, Shepherdstown, WV 25443
      View Details
    • $520,000

      Shepherdstown Specialty Property For Sale

      Specialty property available for purchase in Shepherdstown, West Virginia.
      103 E New St, Shepherdstown, WV 25443
      View Details
    • $724,990

      Shepherdstown Specialty Property For Sale

      Specialty property available in Shepherdstown, West Virginia.
      4781 Scrabble Rd, Shepherdstown, WV 25443
      View Details
    • $625,000

      Shepherdstown Specialty Property For Sale

      Specialty property available for purchase in Shepherdstown, West Virginia.
      44 N Tamarac Dr, Shepherdstown, WV 25443
      View Details

    FAQs

    What type of property is this?
    Land - Prime 3.39-Acre Commercial Land
    Where is this land located?
    The property is located at 4401 Scrabble Rd Shepherdstown, WV.
    What is the asking price?
    The asking price for this property is $183,000.
    What are key features of this property?
    This property features: 3.39-acre commercial lot with marina privileges in Shepherds Cove, a Potomac River waterfront community.; Lots range from 3.98 to 6.16 acres, priced from $183,000 to $218,000.; Wooded setting with access to hiking/biking trails, boating, fishing, swimming, kayaking, and canoeing.
    (800) 544-1050
    Request Owner's contact information
    4401 Scrabble Rd Shepherdstown, WV 25443
    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.
    4401 Scrabble Rd
    Shepherdstown, WV 25443
    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.

    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
    4401 Scrabble Rd Shepherdstown, WV 25443
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.