Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    164 Wv-2 New Martinsville, WV 26155

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    164 Wv-2 New Martinsville, WV 26155

    View on Map
    • Neighborhood centers
    • 1,600 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 164 Wv-2

    Property size
    1,600 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional retail property, located at 164 WV-2 in New Martinsville, West Virginia, offers a compelling investment opportunity. The 1,600 square foot building sits on a highly visible site at the county's busiest intersection, ensuring maximum exposure and foot traffic. The property is a single-story structure, currently operating as a convenience store within a thriving strip center. The occupancy date is March 31, 2019. The property's tenant mix is diverse and includes a blend of national and local businesses, creating a strong and stable revenue stream. These tenants include, but are not limited to, Peebles, Dollar Tree, McDonald's, American General Finance, Rent-A-Center, China Gate, Subway, Jewelry Doctor, Shoe Sensation, and Underground Attitude. The property's strategic location in Wetzel County, West Virginia, zip code 26155, provides easy access for customers and excellent visibility. The asking price per square foot is $12. This property presents a rare chance to acquire a well-positioned retail asset in a bustling commercial area. The property's strong tenant base and prime location make it an attractive investment for those seeking a stable and profitable venture in the West Virginia market. The geographic coordinates are 39.6646338 latitude and -80.8594974 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Martinsville
    County
    Wetzel
    State
    West Virginia
    Longitude
    -80.8595
    Latitude
    39.6646

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      172 Wv-2

      Lifestyle centers • 1,200 SF
      172 Wv-2, New Martinsville, WV 26155
      View Details
    • Value Estimation by Request
      5.22 Acres

      Energy Hwy

      SHOPPING CENTER, STRIP CENTER • 5.22 Acres
      Energy Hwy, New Martinsville, WV 26155
      View Details
    • Value Estimation by Request
      0.68 Acres

      3 Ada Dr

      SHOPPING CENTER, STRIP CENTER • 0.68 Acres
      3 Ada Dr, New Martinsville, WV 26155-2800
      View Details
    • Value Estimation by Request
      27.81 Acres

      Energy Hwy

      SHOPPING CENTER, STRIP CENTER • 27.81 Acres
      Energy Hwy, New Martinsville, WV 26155
      View Details
    • Value Estimation by Request
      1.24 Acres

      Energy Hwy

      SHOPPING CENTER, STRIP CENTER • 1.24 Acres
      Energy Hwy, New Martinsville, WV 26155
      View Details
    • Value Estimation by Request
      9.92 Acres

      Energy Hwy

      SHOPPING CENTER, STRIP CENTER • 9.92 Acres
      Energy Hwy, New Martinsville, WV 26155
      View Details

    Similar Nearby for Sale

    • $200,000
      800 SF

      35 Acres in West Virginia

      35-acre property with farmhouse, garage, and barn in West Virginia.
      14451 Proctor Creek Rd, New Martinsville, WV 26155
      View Details
    • $365,000
      2.20 Acres

      Prime Land on Route 2

      2.2 acres of commercial land with high traffic frontage.
      2.2 Acres State Rte 2, New Martinsville, WV 26155
      View Details
    • $199,900
      96.38 Acres

      96.38 Acres in West Virginia

      96.38 acres with abundant wildlife and timber value.
      Tbd Wetzel / Tyler Rdg, New Martinsville, WV 26155
      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.
    164 Wv-2
    New Martinsville, WV 26155
    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

    164 Wv-2, New Martinsville, WV, 26155

    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!