Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    00 Hedrick Rd Teays Valley, WV 25560
    Property profile & analytics

    00 Hedrick Rd Teays Valley, WV 25560

    View on Map
    • Land
    • 23.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 00 Hedrick Rd

    Lot size
    23.50 lot acres
    Property type
    Land

    Description

    This exceptional 23.5-acre commercial land parcel, situated at 00 Hedrick Rd, Scott Depot, West Virginia, 25560, presents a compelling investment opportunity. Currently listed at $869,900, this property boasts pre-approved plans for the construction of 70 patio homes within the established Devonshire community. The expansive acreage offers significant potential for a variety of development projects, providing flexibility for the discerning buyer. While the existing approval is for patio homes, alternative uses are possible, subject to obtaining the necessary approvals from Putnam County. The property's location in Scott Depot, within Putnam County, West Virginia, offers convenient access to local amenities and transportation networks. This is a rare chance to acquire a substantial land holding in a desirable location, ready for immediate development or future planning. The existing approval for residential development minimizes initial planning hurdles, while the potential for alternative uses ensures long-term value and adaptability. Detailed site plans and zoning information are available upon request. This is an ideal opportunity for developers, investors, or builders seeking a prime location for a profitable venture.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Teays Valley
    County
    Putnam
    State
    West Virginia
    Longitude
    -81.9025
    Latitude
    38.4488

    Comparable in this City

    • Value Estimation by Request
      29.22 Acres

      Hedrick Rd

      Land • 29.22 Acres
      0 Hedrick Rd, Teays Valley, WV 25560
      View Details
    • Value Estimation by Request
      3.63 Acres

      Tbd Hedrick Rd

      Land • 3.63 Acres
      0 Tbd Hedrick Rd, Teays Valley, WV 25560
      View Details
    • Value Estimation by Request
      79.98 Acres

      86 Hedrick Rd

      Farms • 79.98 Acres
      86 Hedrick Rd, Teays Valley, WV 25560
      View Details
    • Value Estimation by Request
      0.43 Acres

      Teays Vly Rd

      COMMERCIAL (GENERAL) • 0.43 Acres
      Teays Vly Rd, Scott Depot, WV 25560
      View Details
    • Value Estimation by Request
      2.73 Acres

      Devonshire

      COMMERCIAL (GENERAL) • 2.73 Acres
      Devonshire, Scott Depot, WV 25560
      View Details
    • Value Estimation by Request
      0.29 Acres

      4240 Teays Vly Rd

      COMMERCIAL (GENERAL) • 0.29 Acres
      4240 Teays Vly Rd, Scott Depot, WV 25560
      View Details

    Similar Nearby for Sale

    • $49,500
      1.26 Acres

      Residential Lot in Colonial Oaks

      Residential lot for sale in Scott Depot, West Virginia.
      160 Colonial Dr, Scott Depot, WV 25560
      View Details
    • $175,000
      1.63 Acres

      Residential Land in Scott Depot

      Flat 1.63 acre lot in Maplewood Estates with pond.
      109 Maplewood Est, Scott Depot, WV 25560
      View Details
    • $79,900
      Pending

      Land in Scott Depot, WV

      Nearly 4 acres with multiple building sites in Scott Depot.
      Thoroughbred Rd, Scott Depot, WV 25560
      View Details
    • $59,000
      1.11 Acres

      Scott Depot Land For Sale

      1.11 acre building site with utilities and interstate access.
      Crooked Creek Rd, Scott Depot, WV 25560
      View Details
    • $130,000
      6.53 Acres

      Land in Scott Depot, WV

      6.53 acres in Putnam County, perfect for building.
      Cedar Dr, Scott Depot, WV 25560
      View Details
    • $48,500
      0.82 Acres

      Residential Land in Scott Depot

      Residential land for sale in a private Scott Depot neighborhood.
      120 Long Meadow Way, Scott Depot, WV 25560
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      5,726 SF

      Office Space Near I-64

      Two-story office building with space for lease near I-64.
      10401 Teays Valley Rd, Teays Valley, WV 25560
      View Details
    • Contact for pricing
      54,877 SF

      Teays Valley Retail Space Available

      54,877 SF retail space in Teays Valley, West Virginia.
      302 Great Teays Blvd, Teays Valley, WV 25560
      View Details
    • $15 SF/Yr
      5,726 SF

      Office Space For Lease

      Two-story office building with second-floor space available for rent.
      4978 Teays Valley Rd, Scott Depot, WV 25560
      View Details
    • $8 SF/Yr
      3,500 SF

      Retail Space in Scott Depot

      Retail space available for lease in Scott Depot, WV.
      112 Great Teays Blvd, Scott Depot, WV 25560
      View Details
    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.
    00 Hedrick Rd
    Teays Valley, WV 25560
    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
    00 Hedrick Rd, Teays Valley, WV, 25560
    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!