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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
High-rise multifamily apartments
Oakland St Morgantown, WV 26505
Entity Owned
13-yr Hold
Free & Clear
Property ID
US94-1039022
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1970
Total area
3,328 SF
Lot
0.18 ac (8,015 SF)
Zoning code
.
APN
31-15- 11-0162.0001
UPID
US94-1039022
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$830k
Blend (final)
Blend
$830k
Owner & transaction history
Rcl Evansdale Holdings LLC · 13 yrs held
Rcl Evansdale Holdings LLC
since 2013
3 recorded transactions
Zoning & alternative use
. · Morgantown, WV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$670,000
+18.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Morgantown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morgantown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$570,000
Current use
WAREHOUSE, STORAGE
$670,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$830k
Range $747k – $913k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$249 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Assessed value
$12,214,740
Assessed 2024
Previous assessed
$13,088,460
-6.7% YoY
Assessed land
$1,361,880
Assessed improvement
$10,852,860
Land market value
$2,269,800
Improvement market value
$18,088,100
Total market value
$20,357,900
Applied tax rate
15.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1970
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Units
234
Rooms
20
Bathrooms
4
Total area
3,328 SF
Lot
0.18 ac (8,015 SF)
Zoning code
.
APN
31-15- 11-0162.0001
UPID
US94-1039022
Jurisdiction
MONONGALIA
Zoning & alternative use
. · Morgantown, WVZoning . · permitted uses
. · Morgantown, WV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$570,000
WAREHOUSE, STORAGE
Est. value
$670,000
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
234
Rooms
20
Bathrooms
4
Lot
0.18 ac
Current owner
From public records · entity-resolved
Rcl Evansdale Holdings LLC
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 6021, MORGANTOWN, WV 26505
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2014
—
Board Of Governors & West Virginia
—
Grant Deed
related
$13,250,000 · Wesbanco Bk
Mar 29, 2013
$600,000
Rcl Evansdale Holdings LLC
Sine,wilbur Z & Judith A
Grant Deed
related
—
—
—
University Park At Evansdale L
—
Deed Of Trust
related
$112,540,000 · Us Bank NA (ce)
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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