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    Property profile & analytics

    852 Mercer St Princeton, WV 24740-2960

    • Investment properties
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    $190,000
    Last Sale
    Jan 12, 2022
    $185,000
    Location Intelligence
    Property ID
    US94-0181997
    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

    • Simply Beautiful Hair & Nail Salon / Beauty Salon / Nail Salon

    Property Details for 852 Mercer St

    Lot size
    0.08 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    28-10- 10-0338.0000
    APU
    28101003380000

    Description

    This exceptional mixed-use property, located at 852 Mercer Street in Princeton, West Virginia, presents a compelling investment opportunity. The 6,480 square foot building, constructed in 1940 and renovated five years ago, boasts seven units: six one-bedroom, one-bathroom apartments and a sizable 3,000 square foot commercial space currently leased to a salon. The property sits on a 0.07-acre lot and features two stories. Currently operating at 100% occupancy since September 9, 2024, the building generates a substantial net operating income (NOI) of $51,871, yielding an attractive 11.53% cap rate. The asking price is $450,000, translating to $69.44 per square foot. Tenant amenities include a coin-operated laundry facility. Owner benefits include an on-site office with a half-bath, a utility room, and a turnkey operation. The building's prime location ensures high visibility and strong rental demand. The current gross rents total $5,200 per month. The commercial space includes two offices, two half-baths, a kitchenette, and a laundry room. This stabilized investment offers significant potential for long-term appreciation and stable rental income, making it an ideal addition to any investment portfolio. Detailed financial information is available upon request.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $195,000

    • CAP approach

      CAP return
      Estimation
      6%
      $175,000
      6.5%
      $165,000
      7%
      $185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $170,000
      Geo Method
      $165,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $200,000
      Retail
      $180,000
      Mixed-Use
      $205,000
      Hospitality
      $190,000
      Educational
      $220,000
      Residential Income
      $215,000
      Energy
      $175,000
      Income-Based Land
      $180,000
      Food Service
      $215,000

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Mercer
    State
    West Virginia
    Longitude
    -81.0947
    Latitude
    37.3698
    CBSA code
    14140
    CBSA name
    BLUEFIELD, WV-VA MICROPOLITAN 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
    2023
    $930
    $11,940
    $21,600
    $33,540
    -
    $19,900
    $36,000
    $55,900

    Comparable in this City

    • Value Estimation by Request

      Mercer St

      OFFICE/RESIDENTIAL (MIXED USE)
      Mercer St, Princeton, WV 24740
      View Details
    • Value Estimation by Request
      0.08 Acres

      868 Mercer St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.08 Acres
      868 Mercer St, Princeton, WV 24740-2908
      View Details
    • Value Estimation by Request
      0.12 Acres

      300 Thornton Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.12 Acres
      300 Thornton Ave, Princeton, WV 24740-2803
      View Details
    • Value Estimation by Request
      1.00 Acre

      1299 Beckley Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1.00 Acre
      1299 Beckley Rd, Princeton, WV 24740-8000
      View Details
    • Value Estimation by Request
      0.30 Acres

      400 Kee St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.30 Acres
      400 Kee St, Princeton, WV 24740-3550
      View Details
    • Value Estimation by Request
      0.17 Acres

      207 Tracy St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.17 Acres
      207 Tracy St, Princeton, WV 24740-2340
      View Details

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    852 Mercer St
    Princeton, WV 24740-2960
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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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