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    Property profile & analytics

    147 Saddle Ln Waverly, WV 26184

    • Motels
    • 153.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US94-0267354
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Motels

    Property Details for 147 Saddle Ln

    Lot size
    153.00 lot acres
    Property type
    Motels
    Property subtype
    Hotels
    APN
    54-09-0300-00K1-0000

    Description

    Meredith Manor, a sprawling 153-acre property in Waverly, West Virginia, presents a unique redevelopment opportunity. This expansive estate boasts a 4,511 sq ft main house featuring 3 bedrooms, 2.5 baths, an eat-in kitchen, dining room, office, gym, and a 4-car garage with 2 RV garages. Beyond the main residence lies a substantial complex ideal for hospitality or equestrian uses. The property includes 100 beds distributed across a main dorm (requiring approximately $45,000 in roof and interior repairs), a secondary dorm, and 10 modified shipping containers equipped for housing. Operational support buildings include a cafeteria with a commercial kitchen (100-person capacity), an administrative office with multiple private offices and a viewing room, and an additional office trailer. Extensive equestrian facilities are a key feature, encompassing 150 stables, 9 equipped barns (including farrier and therapy spaces), and 7 indoor arenas totaling approximately 3.8 acres. The property also includes multiple storage sheds, city water and gas, and an on-site sewage plant. Five commercial generators are on-site, though one is inoperable. Access is convenient via three entrances from SR 31S and two from Love Hill Rd. The property's proximity to Parkersburg offers additional advantages. Two additional parcels are available for purchase separately: an 85-acre parcel (partially cleared) for $200,000 and a 2-acre parcel ($350,000) including a well-equipped mechanic shop and paint shop. The asking price for Meredith Manor is $1,600,000. The property is zoned commercial and offers significant potential for various income-generating ventures.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waverly
    County
    Wood
    State
    West Virginia
    Longitude
    -81.4004429
    Latitude
    39.2994778
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    147 Saddle Ln
    Waverly, WV 26184
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    Realmo Value Estimation

    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.

    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.

    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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