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    5292 Irvin Rd Huntington, WV 25705

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    5292 Irvin Rd Huntington, WV 25705

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    • Mixed-use properties
    • 0.80 lot acres
    For Sale
    $349,000
    View Listing →
    Huntington Mixed-Use Investment Opportunity For Sale
    $349,000

    Huntington Mixed-Use Investment Opportunity

    Prime Huntington location, 0.8-acre lot, $349,000.

    5292 Irvin Rd, Huntington, WV 25705
    View Listing
    Property ID
    US94-0375455
    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

    • Mixed-use properties

    Property Details for 5292 Irvin Rd

    Year built
    1970
    Lot size
    0.80 lot acres
    Property type
    Mixed-use properties

    Description

    This exceptional mixed-use property, situated at 5292 Irvin Road in Huntington, West Virginia, presents a compelling investment opportunity. Spanning a generous 0.8-acre lot, the property offers significant potential for a variety of uses, given its flexible mixed-use zoning. The asking price is $349,000. While the precise square footage is currently unavailable, the substantial lot size suggests ample space for development or expansion. The property's location in Huntington provides convenient access to local amenities, transportation routes, and a thriving community. This makes it an attractive proposition for both established businesses seeking to expand their operations and entrepreneurs looking to establish a new venture. The property's versatility allows for a range of possibilities, from retail and office space to residential conversions or a combination thereof, subject to local zoning regulations. Serious inquiries are encouraged to explore the full potential of this unique investment opportunity. Further due diligence is recommended to confirm zoning regulations and potential development options. The property is being offered as-is. Interested parties should conduct their own independent inspections and assessments to fully understand the property's condition and suitability for their intended use. This is a rare chance to acquire a significant piece of Huntington real estate with considerable upside potential.

    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
    Cabell
    State
    West Virginia
    Longitude
    -82.33803
    Latitude
    38.41188

    Comparable in this City

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    • $55,000
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      Residential Lot in Huntington, WV

      Residential lot available in Huntington, West Virginia.
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    • $6,900,000

      Huntington Mixed-Use Office/Warehouse Campus

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      Residential Lot in Wood Lomond

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    Similar Nearby for Sale

    • $329,900
      2,400 SF

      Mixed-Use Property in Huntington, WV

      Mixed-use property with commercial space and residential apartments.
      415-417 Adams Ave, Huntington, WV 25705
      View Details
    • $120,000
      0.33 Acres

      Residential Lot in Stamford Park

      Residential lot in established Huntington subdivision, ready for building.
      Kensington Ln, Huntington, WV 25705
      View Details
    • $750,000
      308.00 Acres

      308 Acres in Huntington, WV

      Large acreage with development potential and owner financing.
      Terrace Ave, Huntington, WV 25705
      View Details
    • $55,000
      0.22 Acres

      Residential Lot in Huntington, WV

      Residential lot available in Huntington, West Virginia.
      44 Carriage Ln, Huntington, WV 25705
      View Details
    • $6,900,000

      Huntington Mixed-Use Office/Warehouse Campus

      Office and warehouse campus ideal for multi-tenant operations.
      235 Terrace Ave, Huntington, WV 25705
      View Details
    • $54,000
      0.66 Acres

      Residential Lot in Wood Lomond

      Building lot with utilities available in Wood Lomond subdivision.
      331 Woodlomond Way, Huntington, WV 25705
      View Details
    View Listing
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    Huntington, WV 25705
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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.

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    5292 Irvin Rd, Huntington, WV, 25705

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