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    3rd 24Th St Huntington, WV 25703
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    Property profile & analytics

    3rd 24Th St Huntington, WV 25703

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    • Commercial real estate
    • 5.02 lot acres
    Off-Market
    Property ID
    US94-0505379
    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 3rd 24Th St

    Lot size
    5.02 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 5.02-acre commercial land parcel presents a unique investment opportunity in the thriving city of Huntington, West Virginia. Located at the highly visible corner of 3rd Avenue and 24th Street, this property boasts unparalleled accessibility and exposure to significant traffic flow. Its expansive size offers considerable flexibility for a wide range of commercial developments, from retail centers and office buildings to industrial facilities or mixed-use projects. The property's strategic location within Huntington provides easy access to major transportation arteries, ensuring convenient commutes for employees and customers alike. The address, Corner of 3rd Avenue and 24th Street, Huntington, WV 25703, places the land within a well-established commercial district, benefiting from existing infrastructure and a robust local economy. This prime location offers significant potential for high returns on investment, making it an attractive proposition for developers and investors seeking a substantial land holding in a dynamic West Virginia market. Detailed site surveys and zoning information are readily available upon request. This is a rare opportunity to acquire a large, strategically located commercial land parcel in a growing city. Don't miss out on this chance to shape the future of Huntington's commercial landscape.

    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
    Huntington
    County
    Huntington
    State
    West Virginia
    Longitude
    -82.4156371
    Latitude
    38.4242674

    Comparable in this City

    • $420,000
      0.83 Acres

      Development Opportunity Near Marshall University

      0.83 acre lot near Marshall University in Huntington, WV.
      1813 7Th Ave, Huntington, WV 25703
      View Details
    • Contact for pricing

      Land For Sale Huntington

      Land available for sale in Huntington, West Virginia.
      15 26Th St, Huntington, WV 25703
      View Details
    • $1,500,000

      Land Available in Huntington, WV

      Land for sale at 2400 5th Ave, Huntington, WV.
      2400 5Th Ave, Huntington, WV 25703
      View Details
    • Contact for pricing
      0.07 Acres

      Residential Lot in Huntington, WV

      Residential lot available in Huntington, West Virginia.
      2140 11Th Ave, Huntington, WV 25703
      View Details
    • $800,000

      Land For Sale Huntington

      Land available for sale in Huntington, West Virginia.
      29 25Th St, Huntington, WV 25703
      View Details
    • $160,000
      7,420 SF

      Huntington Retail Space & Apartments

      High-traffic location, versatile space, income potential.
      824 20Th St, Huntington, WV 25703
      View Details

    Similar Nearby for Sale

    • $420,000
      0.83 Acres

      Development Opportunity Near Marshall University

      0.83 acre lot near Marshall University in Huntington, WV.
      1813 7Th Ave, Huntington, WV 25703
      View Details
    • Contact for pricing

      Land For Sale Huntington

      Land available for sale in Huntington, West Virginia.
      15 26Th St, Huntington, WV 25703
      View Details
    • $1,500,000

      Land Available in Huntington, WV

      Land for sale at 2400 5th Ave, Huntington, WV.
      2400 5Th Ave, Huntington, WV 25703
      View Details
    • Contact for pricing
      0.07 Acres

      Residential Lot in Huntington, WV

      Residential lot available in Huntington, West Virginia.
      2140 11Th Ave, Huntington, WV 25703
      View Details
    • $800,000

      Land For Sale Huntington

      Land available for sale in Huntington, West Virginia.
      29 25Th St, Huntington, WV 25703
      View Details
    • $160,000
      7,420 SF

      Huntington Retail Space & Apartments

      High-traffic location, versatile space, income potential.
      824 20Th St, Huntington, WV 25703
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Huntington Warehouse and Land Available

      Warehouse space and land available near Ohio River and Marshall University.
      1653 7Th Ave, Huntington, WV 25703
      View Details
    • Contact for pricing

      Acre of Vacant Land

      One acre of vacant land available for rent.
      1609 7Th Ave, Huntington, WV 25703
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space Near Marshall University

      Retail space in the heart of Marshall University's campus.
      530 20Th St, Huntington, WV 25703
      View Details
    • Contact for pricing
      11,357 SF

      Industrial Space Near Ohio River

      Industrial property with high ceilings, multiple docks, and CSX rail.
      1639-1663 7Th Ave, Huntington, WV 25703
      View Details
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    Huntington, WV 25703
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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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