Property profile

13/1 County Rte Martinsburg, WV 25403

OFF-MARKET
Land
56.47 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 56.47 ac (2,459,833 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

13/1 County Rte Martinsburg, WV 25403
Martinsburg metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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