Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    153 Springhaven Dr Princeton, WV 24740-2358
    Back to Search
    Property profile & analytics

    153 Springhaven Dr, Princeton, WV 24740-2358

    View on Map
    • Medical Office Space
    • 1.57 lot acres
    Off-Market
    Property ID
    US94-0062389
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Charles E. Shamro, MA / Physician / Medical Clinic

    Property Details for 153 Springhaven Dr

    Lot size
    1.57 lot acres
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    28-05- 16-0145.0000
    APU
    28051601450000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 16, 2017 — Southern Highlands Cmnty Mental Hea — Deed · related $575k · Branch Banking And Trust Co
    May 25, 2012 $490,000 Southern Highlands Community Mental Beatrice James Limited LLC Deed —
    Jul 11, 2005 $520,000 Beatrice James Limited LLC Springhaven INC Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Mercer
    State
    West Virginia
    Longitude
    -81.1168
    Latitude
    37.3636
    CBSA code
    14140
    CBSA name
    BLUEFIELD, WV-VA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $174,550
    $243,360
    $417,910
    -
    $290,900
    $405,600
    $696,500

    Comparable in this City

    • Value Estimation by Request
      2.42 Acres

      100 New Hope Rd

      MEDICAL BUILDING
      100 New Hope Rd, Princeton, WV 24740
      View Details
    • Value Estimation by Request
      0.39 Acres

      403 12th St Ext

      MEDICAL BUILDING
      403 12th St Ext, Princeton, WV 24740-2300
      View Details
    • Value Estimation by Request
      0.29 Acres

      702 Harrison St

      MEDICAL BUILDING
      702 Harrison St, Princeton, WV 24740
      View Details
    • Value Estimation by Request
      0.64 Acres

      904 Harrison St

      MEDICAL BUILDING
      904 Harrison St, Princeton, WV 24740-3011
      View Details
    • Value Estimation by Request
      0.38 Acres

      1613 Honaker Ave

      MEDICAL BUILDING
      1613 Honaker Ave, Princeton, WV 24740-2640
      View Details
    • Value Estimation by Request
      2.00 Acres

      160 Springhaven Dr

      MEDICAL BUILDING
      160 Springhaven Dr, Princeton, WV 24740-2357
      View Details

    Similar Nearby for Sale

    • $315,000
      32,400 SF

      Unique Mixed-Use Building in Bluefield

      Historic mixed-use building with redevelopment potential in Bluefield, WV.
      717 Scott St, Bluefield, WV 24740
      View Details
    • $1,399,000
      39,000 SF

      Medical Professional Building For Sale

      Long-standing medical building with functional interior and ample parking.
      20 New Hope Rd, Princeton, WV 24740
      View Details
    • $135,000
      800 SF

      Commercial Building Near Mercer Courthouse

      Free-standing brick building suitable for law or small business.
      1624 N Walker St, Princeton, WV 24740
      View Details
    • $229,000
      1,528 SF

      Versatile Commercial Property in Princeton

      Corner lot property ideal for businesses with high visibility.
      200 Edgemont Dr, Princeton, WV 24740
      View Details
    • $638,000
      52,100 SF

      Historic Bluefield Commercial Building

      Neo-Classical building in Bluefield, WV with investment potential.
      307 Federal St, Bluefield, WV 24740
      View Details
    • $123,200
      43.80 Acres

      Secluded Wooded Land with Views

      44-acre wooded property with mountain views near New River.
      Possum Hollow Rd, Oakvale, WV 24740
      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.
    153 Springhaven Dr
    Princeton, WV 24740-2358
    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
    153 Springhaven Dr, Princeton, WV, 24740
    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!