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    Property profile & analytics

    2862 University Ave Morgantown, WV 26505-0156

    • Investment properties
    • 0.18 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Location Intelligence
    Property ID
    US94-0344286
    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

    • Ta-Khrai Thai Cafe / Thai Restaurant
    • Zenclay Pottery Studio / Pottery Classes
    • Kurt Teeter Ceramic Art / Pottery Store

    Property Details for 2862 University Ave

    Lot size
    0.18 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    31-15- 11-0119.0000
    APU
    31151101190000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $315,000
      6.5%
      $315,000
      7%
      $300,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $345,000
      Geo Method
      $320,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $350,000
      Retail
      $290,000
      Mixed-Use
      $310,000
      Hospitality
      $300,000
      Educational
      $385,000
      Residential Income
      $355,000
      Energy
      $380,000
      Income-Based Land
      $370,000
      Food Service
      $300,000

    Location Insight

    • Map
    • Local Demand
    City
    Morgantown
    County
    Monongalia
    State
    West Virginia
    Longitude
    -79.962
    Latitude
    39.6484
    CBSA code
    34060
    CBSA name
    MORGANTOWN, 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
    2024
    $5,371
    $68,340
    $135,780
    $204,120
    -
    $113,900
    $226,300
    $340,200

    Comparable in this City

    • Value Estimation by Request
      0.18 Acres

      3444 University Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.18 Acres
      3444 University Ave, Morgantown, WV 26505-3059
      View Details
    • Value Estimation by Request
      1,200 SF

      1553 Stewartstown Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,200 SF
      1553 Stewartstown Rd, Morgantown, WV 26505-2947
      View Details
    • Value Estimation by Request

      334 Crawford Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      334 Crawford Ave, Star City, WV 26505-0371
      View Details
    • Value Estimation by Request

      1495 Sabraton Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      1495 Sabraton Ave, Morgantown, WV 26505-0318
      View Details
    • Value Estimation
      $270,000
      0.15 Acres

      2751 University Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.15 Acres
      2751 University Ave, Morgantown, WV 26505-0255
      View Details
    • Value Estimation
      $285,000
      0.11 Acres

      1233 University Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.11 Acres
      1233 University Ave, Morgantown, WV 26505-5419
      View Details

    Similar Nearby for Sale

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      Downtown Morgantown Mixed-Use

      Prime location, versatile space, high visibility.
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    • $895,000
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      Morgantown Commercial Building Opportunity

      6,257 sq ft, 0.27 acre lot, $895,000
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    • $257,520
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      Morgantown Land with Development Potential

      38+/- acres of land near University Town Center and I-79.
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    • $612,144
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      78 Acres Land Near University

      78+/- acres of land near University Town Center and I-79.
      Parcel A Guston Run Rd, Morgantown, WV 26505
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    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Retail Space Near WVU Campus

      Retail space located near West Virginia University campus.
      207 Willey St, Morgantown, WV 26505
      View Details
    • $18 SF/Yr
      28,366 SF

      The Monongahela Building

      Office space • 28,366 SF
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      View Details
    • Contact for pricing
      29,113 SF

      High Street Office Space Available

      Downtown Morgantown, Flexible Suites, 16,000 SF Vacant
      496 High St, Morgantown, WV 26505
      View Details
    • $13 SF/Yr
      10,720 SF

      Morgantown Commercial Gem

      Downtown Morgantown office space. High visibility.
      1370 University Ave, Morgantown, WV 26505
      View Details
    • $26 SF/Yr
      5,800 SF

      Morgantown Office Building

      5,800 SF Office Space Available
      699 Burroughs St, Morgantown, WV 26505
      View Details
    • $14 SF/Yr
      8,000 SF

      Morgantown Industrial Warehouse

      Two new warehouses, 2,000-4,000 sqft
      8 18 Juneau Ln, Morgantown, WV 26505
      View Details
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    Morgantown, WV 26505-0156
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    Realmo Value Estimation

    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.

    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.

    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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