Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    259 Ritchie Ave Weirton, WV 26062-4125

    • Garden apartment buildings
    • 0.96 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US94-0352224
    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

    • Garden apartment buildings

    Property Details for 259 Ritchie Ave

    Lot size
    0.96 lot acres
    Property type
    Garden apartment buildings
    APN
    15-06-W44R-0024.0000
    APU
    1506W44R00240000

    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
    Weirton
    County
    Hancock
    State
    West Virginia
    Longitude
    -80.52
    Latitude
    40.4031
    CBSA code
    48260
    CBSA name
    WEIRTON-STEUBENVILLE, WV-OH 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
    2024
    $5,201
    $36,000
    $134,400
    $170,400
    -
    $60,000
    $224,000
    $284,000

    Comparable in this City

    • Value Estimation by Request
      0.21 Acres

      Wayne Ave

      GARDEN APT, COURT APT (5+ UNITS) • 0.21 Acres
      Wayne Ave, Weirton, WV 26062
      View Details
    • Value Estimation by Request
      1.76 Acres

      115 Culler Rd

      GARDEN APT, COURT APT (5+ UNITS) • 1.76 Acres
      115 Culler Rd, Weirton, WV 26062-2845
      View Details
    • Value Estimation by Request
      0.11 Acres

      Washington St

      GARDEN APT, COURT APT (5+ UNITS) • 0.11 Acres
      Washington St, Weirton, WV 26062
      View Details
    • Value Estimation by Request
      0.50 Acres

      3433 Pennsylvania Ave

      GARDEN APT, COURT APT (5+ UNITS) • 0.50 Acres
      3433 Pennsylvania Ave, Weirton, WV 26062-3941
      View Details
    • Value Estimation
      $705,000
      0.46 Acres

      145 Starvaggi Dr

      GARDEN APT, COURT APT (5+ UNITS) • 0.46 Acres
      145 Starvaggi Dr, Weirton, WV 26062-2941
      View Details
    • Value Estimation by Request
      0.32 Acres

      Colliers Way

      GARDEN APT, COURT APT (5+ UNITS) • 0.32 Acres
      Colliers Way, Weirton, WV 26062
      View Details

    Similar Nearby for Sale

    • $1,100,000
      7,494 SF

      Park Drive Commercial Gem

      7,494 sq ft Mixed-Use Building
      490 Park Dr, Weirton, WV 26062
      View Details
    • $229,900
      2,400 SF

      Weirton Mixed-Use Commercial Property

      Turnkey Biergarten & Residential Suite
      1446 Cove Rd, Weirton, WV 26062
      View Details
    • $1,499,995
      1.75 Acres

      Versatile Commercial Property Near Highway

      1.75-acre commercial property near highway with warehouse and office space.
      1344 Cove Rd, Weirton, WV 26062
      View Details
    • $185,000
      1,568 SF

      Prime Weirton Mixed-Use Property

      1,568 SF building, $185,000
      300 Pennsylvania Ave, Weirton, WV 26062
      View Details
    • $179,900
      6,400 SF

      Prime Weirton Commercial Property

      6,400 sq ft Restaurant/Catering Business
      1801 Pennsylvania Ave, Weirton, WV 26062
      View Details
    • $279,000
      1,162 SF

      332 Penco Rd, Weirton, WV 26062

      Office Properties & Spaces • 1,162 SF
      332 Penco Rd, Weirton, WV 26062
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Retail Space in Weirton

      6,000 sq ft retail space available for rent.
      222 Park Dr, Weirton, WV 26062
      View Details
    • $10,000 /Mo
      76,230 SF

      Versatile Commercial Property Near Highway

      1.75-acre commercial property near highway, offering warehouse and office space.
      1344 Cove Rd, Weirton, WV 26062
      View Details
    • $2,500 /Mo
      53,579 SF

      Renovated Office Space Available

      High-quality, flexible office space in Weirton, WV for lease.
      2416 Pennsylvania Ave, Weirton, WV 26062
      View Details
    • $2,500 /Mo
      21,344 SF

      Prime Commercial Space in Weirton

      High-traffic retail space with flexible options and ample parking.
      3539 Main St, Weirton, WV 26062
      View Details
    • $3,000 /Mo
      64,904 SF

      Retail Space on Three Springs

      High-visibility retail space in a thriving Weirton plaza.
      204 Three Springs Dr, Weirton, WV 26062
      View Details
    • Contact for pricing
      135,000 SF

      Three Springs Crossing Office Suites

      Prime Weirton Office Space Available
      241 Three Springs Dr, Weirton, WV 26062
      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.
    259 Ritchie Ave
    Weirton, WV 26062-4125
    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

    Google sign-in failed. Please try again or use another login method.