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    219/12 Co Rte Slaty Fork, WV 26291
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    219/12 Co Rte, Slaty Fork, WV 26291

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    • Retail properties & Spaces
    • 2,400 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 219/12 Co Rte

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 2,400-square-foot restaurant building presents a unique investment opportunity in Pocahontas County, West Virginia. Located at the intersection of Co Rte 219/12 in Slaty Fork, near Snowshoe, this single-tenant property enjoys a high-visibility location along Route 219 (Seneca Trail), offering excellent signage potential. The building is currently vacant and ready for immediate occupancy. Access is convenient, with additional access from Cass Road. The property boasts a substantial parking lot and a sizable backyard area, ideal for outdoor seating or entertainment. Its strategic position at the base of the mountain leading to Snowshoe Resort ensures high traffic volume, attracting both local residents and tourists. The property is approximately 75 miles from I-79, Exit 67, providing convenient access for a wider customer base. The building is a single-story structure, zoned as "No zoning," and features a total of 2,400 square feet of space. This turnkey restaurant space is ready for a new owner to establish or expand their business in a thriving location. The property's features make it an attractive option for a variety of restaurant concepts.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Slaty Fork
    County
    Pocahontas
    State
    West Virginia
    Longitude
    -80.0438
    Latitude
    38.4206

    Comparable in this City

    • Value Estimation by Request
      10,640 SF

      237 Cass Rd

      Individual retail properties
      237 Cass Rd, Slaty Fork, WV 26291
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    • Value Estimation by Request
      0.23 Acres

      Forever Wild Sd Reserved Area

      RESTAURANT
      Forever Wild Sd Reserved Area, Slatyfork, WV 26291
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    • Value Estimation by Request
      2.55 Acres

      4 Soaring Eagle Commercial, Unit 1

      RESTAURANT
      4 Soaring Eagle Commercial, Slatyfork, WV 26291
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    • Value Estimation by Request
      1.97 Acres

      Big Spg Elk

      CONVENIENCE STORE
      Big Spg Elk, Slatyfork, WV 26291
      View Details
    • Value Estimation by Request
      6.27 Acres

      565 Cass Rd

      RETAIL STORES (PERSONAL SERVICES)
      565 Cass Rd, Slatyfork, WV 26291
      View Details
    • Value Estimation by Request
      2.55 Acres

      Commercial 2nd Soaring Eagle

      RETAIL STORES (PERSONAL SERVICES)
      Commercial 2nd Soaring Eagle, Slatyfork, WV 26291
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.00 Acres

      Wooded Land Near Snowshoe Entrance

      Two acres of wooded land near Snowshoe's eastern entrance.
      6185 Cass Rd, Slatyfork, WV 26291
      View Details
    • $52,999
      4.68 Acres

      Slaty Fork Land Near Snowshoe

      4.68 acres near Snowshoe Mountain Resort in Sunset Mountain Village.
      Sunset Mtn Vlg Dr, Slatyfork, WV 26291
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    • $49,700
      4.02 Acres

      Wooded Land Near Snowshoe Entrance

      4 acres of wooded land near Snowshoe's eastern entrance.
      6183 Cass Rd, Slatyfork, WV 26291
      View Details
    • Contact for pricing
      2.00 Acres

      Land Near Snowshoe Entrance

      2 wooded acres near Snowshoe and Cass Scenic Railroad.
      6181 Cass Rd, Slatyfork, WV 26291
      View Details
    • $69,999
      6.25 Acres

      Land Near Snowshoe Mountain Resort

      6.25 acres in Sunset Mountain Village near Snowshoe Mountain.
      Sunset Mtn Vlg Dr, Slatyfork, WV 26291
      View Details
    • $180,000
      6.65 Acres

      Slaty Fork Land with Views

      6+/- acre lot with mountain views in maintained subdivision.
      Sunset Mtn Vlg, Slatyfork, WV 26291
      View Details
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    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
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