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    1662 Cook School Rd Huntington, WV 25701

    • Commercial real estate
    • 2.56 lot acres
    For Sale
    View listing
    $9,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US94-0332426
    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

    • Commercial real estate

    Property Details for 1662 Cook School Rd

    Lot size
    2.56 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2.56-acre residential land parcel presents a unique opportunity in Huntington, West Virginia. Ideally situated near the city's west end, this property offers convenient access to Kentucky and Ohio, as well as Huntington's vibrant downtown area. The lot's size provides ample space for various residential development possibilities, making it an attractive investment for builders or individuals seeking to construct a custom home. The property includes a smaller section on the right side, adding to its overall value and potential uses. Located at 1662 Cook School Road, Huntington, WV 25701, this land is in Cabell County and boasts a prime location with easy access to major transportation routes. The asking price is $12,900. Detailed surveys and site plans are available upon request. This is a rare opportunity to acquire a substantial residential lot in a desirable area of Huntington, offering both convenience and potential for significant return. Don't miss out on this chance to build your dream home or develop a profitable residential project. The property is classified as residential land and is ready for immediate development. All utilities are available in the area. This is a truly exceptional opportunity for those seeking a prime residential building site in a convenient and desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntington
    County
    Cabell
    State
    West Virginia
    Longitude
    -82.485185
    Latitude
    38.3971

    Comparable in this City

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      10,620 SF

      Mixed-Use Building in Downtown Huntington

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    Similar Nearby for Sale

    • New
      $199,900
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      Fourplex with Development Potential

      Fourplex with adjacent lot, ideal for investors or owner-occupants.
      406-08 Washington Ave, Huntington, WV 25701
      View Details
    • $599,900
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      Mixed-Use Property Near Marshall University

      Versatile mixed-use property with restaurant and apartments near Marshall.
      1216 4Th Ave, Huntington, WV 25701
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      Mixed-Use Building in Downtown Huntington

      Office and residential mixed-use building in the central downtown business district.
      522-24 9Th St, Huntington, WV 25701
      View Details
    • $350,000
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      Historic Huntington Building: Redevelopment Opportunity

      Downtown Huntington mixed-use building, 31,000 sq ft.
      922 4Th Ave, Huntington, WV 25701
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    • $138,000
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      Downtown Duplex with Updated Systems

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      540 6Th Ave, Huntington, WV 25701
      View Details
    • Contact for pricing
      10,620 SF

      Mixed-Use Building in Downtown Huntington

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      522-24 9Th St, Huntington, WV 25701
      View Details

    Similar Nearby for Lease

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      Huntington Office Space Available

      Prime Huntington location, 13,215 sq ft, renovated 2020.
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    1662 Cook School Rd
    Huntington, WV 25701
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    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
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