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    16454 Appalachian Highway Thomas, WV 26292

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    Claim this Listing
    For Sale
    $485,000

    Retail - Thomas, WV

    Type:Retail
    Property size:
    2,175 SF
    Lot size:
    0.29 Acres
    Price / SF:
    $222/SF
    Added:
    Mar 26, 2026
    Days on Market:
    37
    Last Refresh:
    May 1 at 1:06 pm

    Property Features for 16454 Appalachian Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    None
    Interior features
    Washer Connection, electric Dryer Connection, icemaker Connection, wet Bar, 9ft+ Ceiling, public Restrooms, living Space Available
    Exterior features
    Partially Fenced, Storage Building, Dumpster Area
    Fencing
    Fenced, Partial
    Appliances
    Dryer, Freezer, Microwave, Other, Refrigerator
    Standard status
    Active
    Size
    2,175 SF
    Lot size
    0.29 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    1700

    Utilities

    Utilities
    Electricity Available
    Heating system
    Natural Gas, Radiant
    Cooling system
    Ceiling Fan(s), Multi Units, Window Unit(s)

    Building Details

    Year built
    1935
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete, Tile, Tile - Ceramic
    Building materials
    Frame
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    SCHYLER NICHOLS
    SCHYLER NICHOLS

    Listing agent SCHYLER NICHOLS License #WV0028446

    Listing office REAL BROKER, LLC 232 Capitol Street, Charleston, WV

    Listing date Mar 26, 2026

    MLS# 10157379 Listing URL

    Copyright © 2026 North Central West Virginia Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Restaurant Opportunity in Thomas, WV

    Located in Thomas, WV, steps from the Purple Fiddle, this commercial property offers potential for various business uses. The property features a private parking lot and outdoor seating. The building has two front entrances, providing flexibility for multiple business concepts. Recent updates include a 10-foot hood, Ansul fire suppression system, a three-basin sink with grease trap, and a newly installed gas line and gas heater. The original section of the building has radiant floor heating, and the utility room includes a washer & dryer hookup, a 40-gallon hot water tank, and tankless hot water. Upgraded plumbing and electrical systems are installed throughout. Tables, chairs, dishes, and equipment are included. The property is near Blackwater Falls State Park and White Grass Ski Touring Center. The property is suitable for a restaurant, café, retail concept, or multi-use space. The lot size is 0.2938 acres and the property size is 2175 square feet.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Map

    City
    Thomas
    County
    Tucker
    State
    West Virginia
    Longitude
    -79.518
    Latitude
    39.1564

    FAQs

    What type of property is this?
    Restaurant - Prime commercial property in a vibrant, scenic town near popular attractions.
    Where is this restaurant located?
    The property is located at 16454 Appalachian Highway Thomas, WV.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: Turnkey restaurant opportunity with all equipment (tables, chairs, dishes) included, ready for immediate operation.; Prime location in the heart of Thomas, WV, steps from the Purple Fiddle, a high‑traffic tourist destination.; Recent updates including a 10‑foot hood, Ansul fire suppression system, three‑basin sink with grease trap, and new gas line/heater.
    (304) 619-4378
    We can help!
    Listing Contact
    SCHYLER NICHOLS
    SCHYLER NICHOLS
    Real Estate License ID: WV0028446
    Learn More
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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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    16454 Appalachian Highway, Thomas, WV 26292

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