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

    167 Middleway Pike Inwood, WV 25428

    • Commercial real estate
    • 0.69 lot acres
    For Sale
    View listing
    $275,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US94-1290282
    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 167 Middleway Pike

    Lot size
    0.69 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional .69-acre residential land parcel in Inwood, West Virginia, presents a remarkable investment opportunity. Located at 167 Middleway Pike, this property comprises three contiguous lots (45-47) and boasts a highly desirable location with excellent visibility due to its position on a busy thoroughfare. The property is zoned R, allowing for residential development. Two existing public sewer and water hookups simplify the development process, eliminating significant upfront infrastructure costs. Furthermore, the property includes two separate 200-amp electrical services, providing ample power for various construction projects. This versatility makes it suitable for a range of residential developments, from single-family homes to potentially smaller multi-family units (subject to local zoning regulations). The asking price is $275,000, representing a compelling value given the property's location, utilities, and development-ready status. This is an ideal opportunity for investors or developers seeking a prime location in a growing area. The property's address is 167 Middleway Pike, Inwood, WV 25428, within Berkeley County. Don't miss this chance to acquire this well-situated and fully serviced land parcel.

    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
    Inwood
    County
    Berkeley
    State
    West Virginia
    Longitude
    -78.0365923
    Latitude
    39.3571142

    Comparable in this City

    • $500,000
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      Inwood Residential Land - 1.13 Acres

      Prime Inwood location, build your dream home!
      0 Middleway Pike, Inwood, WV 25428
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    • $315,000

      Inwood WV Commercial Land

      9.65 Acres, I-81 Visibility, Development Ready
      370 Kerns St, Inwood, WV 25428
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    • $359,900

      Approved Site for Mixed-Use Building

      Approved site for mixed-use building in growing Inwood area.
      7639 Winchester Ave, Inwood, WV 25428
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    • $359,900
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      Inwood Multi-Family Development Opportunity

      Prime Inwood location, approved plans, ready to build.
      7639 Winchester Ave, Inwood, WV 25428
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    • $350,980

      New Townhomes with Modern Luxury

      Spacious townhomes featuring modern amenities in an up-and-coming community.
      338 Elmiraj Ct, Inwood, WV 25428
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    • $3,255,000

      21 Townhomes in Tablor Station

      21 townhomes for sale near I-81 in Inwood, WV.
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    Similar Nearby for Sale

    • $500,000
      1.13 Acres

      Inwood Residential Land - 1.13 Acres

      Prime Inwood location, build your dream home!
      0 Middleway Pike, Inwood, WV 25428
      View Details
    • $315,000

      Inwood WV Commercial Land

      9.65 Acres, I-81 Visibility, Development Ready
      370 Kerns St, Inwood, WV 25428
      View Details
    • $359,900

      Approved Site for Mixed-Use Building

      Approved site for mixed-use building in growing Inwood area.
      7639 Winchester Ave, Inwood, WV 25428
      View Details
    • $359,900
      6,000 SF

      Inwood Multi-Family Development Opportunity

      Prime Inwood location, approved plans, ready to build.
      7639 Winchester Ave, Inwood, WV 25428
      View Details
    • $350,980

      New Townhomes with Modern Luxury

      Spacious townhomes featuring modern amenities in an up-and-coming community.
      338 Elmiraj Ct, Inwood, WV 25428
      View Details
    • $3,255,000

      21 Townhomes in Tablor Station

      21 townhomes for sale near I-81 in Inwood, WV.
      21 Townhomes Mathew & Acts Ct, Inwood, WV 25428
      View Details

    Similar Nearby for Lease

    • Contact for pricing
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      Grocery-anchored retail center; high traffic location.
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      100,000 SF

      Butler's Crossing Power Center

      Inwood, WV Retail Space Available
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    Inwood, WV 25428
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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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