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    3 Chaweva Hts Cross Lanes, WV 25313
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    Property profile & analytics

    3 Chaweva Hts, Cross Lanes, WV 25313

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    • Commercial real estate
    • 3.86 lot acres
    Off-Market
    Property ID
    US94-1456012
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3 Chaweva Hts

    Lot size
    3.86 lot acres
    Property type
    Commercial real estate

    Description

    Prime commercial land opportunity in Cross Lanes, West Virginia, encompassing approximately 3.86 acres (as assessed). This property features a substantial metal building of approximately 2,400 square feet, complete with an 8x80 covered porch or walkway and a convenient garage door. All utilities are readily available, making this site ideal for a variety of commercial ventures. The property is being offered at a public auction on Monday, November 14th at 4:00 PM. Online bidding is available for those unable to attend in person. Please note that the listed price of $89,999 is disregarded; the property will be sold to the highest bidder at auction. This presents a unique chance to acquire a sizeable commercial parcel with existing structures in a desirable West Virginia location. The address is 3 Chaweva Hts, Cross Lanes, WV 25313. Detailed auction participation instructions can be found on the designated auction website. Don't miss this exceptional investment opportunity!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cross Lanes
    County
    54039
    State
    West Virginia
    Longitude
    -81.7818195
    Latitude
    38.4132772

    Comparable in this City

    • $1,300,000
      31.89 Acres

      32 Acres Development Opportunity

      32 acres ideal for commercial development with utilities in place.
      700 New Goff Mountain Rd, Cross Lanes, WV 25313
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    • Contact for pricing
      1.08 Acres

      Land in Cross Lanes, WV

      Residential land available in Cross Lanes, West Virginia.
      Kensington Ct, Cross Lanes, WV 25313
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    • $40,000
      3.21 Acres

      Charleston Land with Mountain Views

      Vacant lot with potential home sites and natural charm.
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    • $600,000
      6.11 Acres

      Land in Cross Lanes, WV

      6.11 acres of level land in Cross Lanes.
      Big Tyler Rd, Cross Lanes, WV 25313
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    • Contact for pricing
      0.40 Acres

      Land in Cross Lanes, WV

      Vacant land outside the city limits.
      Sunrise Ln, Cross Lanes, WV 25313
      View Details
    • Contact for pricing
      0.60 Acres

      Land in Established Cross Lanes

      Vacant lot in established neighborhood with utilities on street.
      Villa Oaks Cir, Cross Lanes, WV 25313
      View Details

    Similar Nearby for Sale

    • $1,300,000
      31.89 Acres

      32 Acres Development Opportunity

      32 acres ideal for commercial development with utilities in place.
      700 New Goff Mountain Rd, Cross Lanes, WV 25313
      View Details
    • $600,000
      6.11 Acres

      Land in Cross Lanes, WV

      6.11 acres of level land in Cross Lanes.
      Big Tyler Rd, Cross Lanes, WV 25313
      View Details
    • Contact for pricing
      0.40 Acres

      Land in Cross Lanes, WV

      Vacant land outside the city limits.
      Sunrise Ln, Cross Lanes, WV 25313
      View Details
    • Contact for pricing
      0.60 Acres

      Land in Established Cross Lanes

      Vacant lot in established neighborhood with utilities on street.
      Villa Oaks Cir, Cross Lanes, WV 25313
      View Details
    • $34,000
      4.54 Acres

      Charleston Land with Lease Income

      4.54 acres of land near Charleston, West Virginia.
      Wade Dr, Charleston, WV 25313
      View Details
    • Contact for pricing

      Residential Land in Cross Lanes

      Land in Cross Lanes, WV, ready for building.
      Stephen Way, Cross Lanes, WV 25313
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Nitro Retail Space Available

      Retail space in Nitro with high traffic and visibility.
      720-1000 Nitro Market Pl, Nitro, WV 25313
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      3,850 SF

      Retail Space in Nitro

      Retail space available in Nitro Market Place.
      1000 Nitro Market Pl, Nitro, WV 25313
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    • Contact for pricing
      4,550 SF

      Retail Space in Nitro

      Retail space available in Nitro Market Place.
      60-64 Nitro Market Pl, Nitro, WV 25313
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    • Contact for pricing
      3,640 SF

      Retail Space in Nitro

      Retail space available for lease in Nitro, West Virginia.
      100-300 Nitro Market Pl, Nitro, WV 25313
      View Details
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    Cross Lanes, WV 25313
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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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