1664 Pond Frk Rd Madison, WV 25130-9374
Property profile & analytics
1664 Pond Frk Rd Madison, WV 25130-9374
- Office buildings
- 13.98 lot acres
Property ID
US94-1203462
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.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 1664 Pond Frk Rd
- Lot size
- 13.98 lot acres
- Property type
- Office buildings
- APN
- 03-01- 3-0053.0006
- APU
- 301300530006
Description
This exceptional investment opportunity presents a 9,407 square foot, single-story office building situated on a 13.98-acre lot in Madison, West Virginia. The property, built in 1981 and extensively renovated in 2022, boasts a 100% occupancy rate with a new 10-year (8-firm) lease commenced in June 2022. The tenant is the Mine Safety and Health Administration (MSHA), a U.S. Government agency with an AA+ S&P credit rating, ensuring a secure and reliable income stream. Recent capital improvements exceeding $223,000 include a new roof coating, HVAC units, PVC gutter drains, LED lighting, electronic door locks, paint, carpet upgrades, and restroom renovations. The property is ADA approved. The asking price is $1,351,965, representing a price per square foot of $143.72 and an 8.00% cap rate. Seller financing is available at a 5% interest rate for a portion of the purchase price. This is a rare opportunity to acquire a well-maintained, high-quality office building with a long-term, secure lease in a desirable location. The strong fit for renewal and the 10(8) lease allowed the GSA to accept this via AAAP, expediting procurement and avoiding the typical GSA ad & survey lease acquisition process. MSHA develops and enforces safety and health rules for all US mining operations.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $600,000
- ML approach
- $600,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Boone
- State
- West Virginia
- Longitude
- -81.7916
- Latitude
- 38.0381
- CBSA code
- 16620
- CBSA name
- CHARLESTON, WV METROPOLITAN 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
$5,662
$17,820
$207,720
$225,540
-
$29,700
$346,200
$375,900
