Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3756 Jerico Rd Marlinton, WV 24954
    Back to Search
    Property profile & analytics

    3756 Jerico Rd Marlinton, WV 24954

    View on Map
    • Commercial real estate
    • 1.00 lot acres
    For Sale
    $735,000
    View Listing →
    Marlinton Restaurant - Turnkey Opportunity For Sale
    $735,000

    Marlinton Restaurant - Turnkey Opportunity

    Established Restaurant, 60 Seats, Prime Location

    Minnehaha Springs, WV 24954
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3756 Jerico Rd

    Year built
    1928
    Lot size
    1.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional turnkey business opportunity presents the chance to acquire "Mim's Kitchen," a well-established restaurant located at 3756 Jerico Road in Marlinton, West Virginia. The property boasts a prime location and is situated on a one-acre lot. The restaurant itself is fully equipped and ready for immediate operation, featuring a main dining room with seating for 60 patrons. A key feature is the inclusion of a dedicated event room, perfect for private parties or larger gatherings, expanding the revenue potential. Further enhancing the dining experience is a charming balcony offering additional seating. Mim's Kitchen has built a strong reputation for its unique and popular "Home Styled Cooking," attracting a loyal customer base. The sale includes all existing restaurant equipment and furnishings, allowing for a seamless transition for the new owner. This is a rare opportunity to acquire a profitable, established restaurant in a desirable location with significant growth potential. The asking price for this turnkey operation is $735,000. Serious inquiries only. The property is zoned for general commercial use.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marlinton
    County
    Pocahontas
    State
    West Virginia
    Longitude
    -80.1111
    Latitude
    38.2614

    Comparable in this City

    • Value Estimation by Request
      1.44 Acres

      Stoney Crk

      COMMERCIAL (GENERAL) • 1.44 Acres
      Stoney Crk, Marlinton, WV 24954
      View Details
    • Value Estimation by Request
      0.14 Acres

      2nd Ave Riverside

      VACANT COMMERCIAL LAND • 0.14 Acres
      2nd Ave Riverside, Marlinton, WV 24954
      View Details
    • Value Estimation by Request
      1.50 Acres

      Grbr Riv

      RETAIL STORES (PERSONAL SERVICES) • 1.50 Acres
      Grbr Riv, Marlinton, WV 24954
      View Details
    • Value Estimation by Request
      0.06 Acres

      P O Lt 15-16

      VACANT COMMERCIAL LAND • 0.06 Acres
      P O Lt 15-16, Marlinton, WV 24954
      View Details
    • Value Estimation by Request
      0.09 Acres

      12th 1st 13th Blk

      VACANT COMMERCIAL LAND • 0.09 Acres
      12th 1st 13th Blk, Marlinton, WV 24954
      View Details
    • Value Estimation by Request
      0.07 Acres

      201 Lt 26th Blk

      VACANT COMMERCIAL LAND • 0.07 Acres
      201 Lt 26th Blk, Marlinton, WV 24954
      View Details

    Similar Nearby for Sale

    • $384,000
      14.85 Acres

      Marlinton Commercial Property Investment

      Multi-building commercial property, 14.85 acres.
      21124 Seneca Trl, Marlinton, WV 24954
      View Details
    • $735,000
      1.00 Acre

      Marlinton Restaurant - Turnkey Opportunity

      Established Restaurant, 60 Seats, Prime Location
      3756 Jerico Rd, Marlinton, WV 24954
      View Details
    • Contact for pricing
      10,000 SF

      Mountain Retreat and Research Facility

      Retreat, bed and breakfast, and research facility on 300+ acres.
      303 Mountain Quest Ln, Marlinton, WV 24954
      View Details
    • $699,000
      3,854 SF

      Marlinton Multifamily Investment Opportunity

      Four-unit residential income property in Marlinton, West Virginia.
      208 6Th St, Marlinton, WV 24954
      View Details
    • $89,900
      2.00 Acres

      Marlinton, WV Land Available

      Two acres of land with city water and sewer access.
      21113 Seneca Trl, Marlinton, WV 24954
      View Details
    • $319,900
      14.85 Acres

      Versatile Commercial Property in Marlinton

      14.85 acres with multiple buildings and endless possibilities.
      21124 Seneca Trl, Marlinton, WV 24954
      View Details
    View Listing
    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.
    3756 Jerico Rd
    Marlinton, WV 24954
    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
    3756 Jerico Rd, Marlinton, WV, 24954
    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!