13/1 County Rte, Martinsburg, WV 25403
This exceptional 56.47-acre property in Berkeley County, West Virginia, presents a remarkable investment opportunity. Located off County Rte 13/1 in Martinsburg (zip code 25403), this fee-simple land boasts stunning views and is ready for development. Two conceptual renderings (October 2008) illustrate potential development scenarios. One plan outlines 138 lots (minimum 7,500 sq ft each), incorporating stormwater management, right-of-ways, a commercial lot, and common areas. A second plan envisions 210 lots, including 109 single-family homes (24.3 acres), 57 townhouses (2.8 acres), 12 duplexes, and 32 quad units (2.6 acres), plus dedicated areas for stormwater management, open space, and parking. The property benefits from access to public water and sewer, simplifying development. To ensure environmental compliance, a new Phase 1 environmental assessment will be completed upon acceptance of an offer. The gently rolling terrain offers picturesque valley views, creating a tranquil setting. The seller may consider a takedown schedule for phased development or sale. This property is priced at $2,750,000 ($48,698.42/acre) and offers significant potential for a thriving community or tailored investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.