Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    240-244 7th Avenue Huntington, WV 25701

    View on Map
    Picture of Land at 240-244 7th Avenue, Huntington, WV
    For Sale
    $100,000

    Commercial/Industrial - Huntington, WV

    Added:
    Sep 11, 2017
    Days on Market:
    3130
    Last Refresh:
    Apr 6 at 8:06 pm

    Property Features for 240-244 7th Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    570-571

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Edward Rahal

    Listing agent Edward Rahal

    Listing office Old Colony Realtors Huntington 372 DAVIS CREEK ROAD, BARBOURSVILLE, WV

    Listing date Sep 11, 2017

    MLS# 159463 Listing URL

    Copyright © 2026 Huntington Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Vacant Land For Warehouse

    This vacant land is suitable for warehouse development. It is located near 1st Street and 7th Avenue in Huntington, WV. The property benefits from alley access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Huntington
    County
    Wayne
    State
    West Virginia
    Longitude
    -82.45352
    Latitude
    38.41523

    Nearby Similar for Sale

    • $349,000
      4,072 SF

      Downtown Huntington Office Space

      Historic downtown Huntington office space with ample room and amenities.
      999 4th Avenue, Huntington, WV 25701
      View Details
    • $995,000
      10,785 SF

      Historic Huntington Office Space Available

      Landmark Huntington office space with historic charm and modern amenities.
      999 4th Avenue, Huntington, WV 25701
      View Details
    • $300,000
      4,525 SF

      Established Automotive Repair Shop

      Automotive repair shop with equipment and parking in Huntington, WV.
      92 Washington Avenue, Huntington, WV 25701
      View Details
    • $3,500
      4,072 SF

      Downtown Huntington Office Space Available

      Historic downtown Huntington office space with grand entrance and ample amenities.
      999 4th Avenue, Huntington, WV 25701
      View Details
    • $650,000

      Commercial Building on Washington Blvd

      8,000 sq ft commercial building in high-traffic Huntington corridor.
      455 Washington Avenue, Huntington, WV 25701
      View Details
    • $359,500
      3,273 SF

      Versatile Triplex in Huntington, WV

      Two-story triplex with flexible layout, ideal for investors.
      1221 Norway Avenue, Huntington, WV 25705
      View Details
    • $285,000
      2,120 SF

      High Visibility Mixed-Use Property

      Versatile space near courthouse with parking and expansion potential.
      350 5th Avenue, Huntington, WV 25701
      View Details
    • $790,000

      Huntington Warehouse with Loading Dock

      Warehouse with loading dock, high traffic, easy access to Rt 64.
      1419 US Route 60 E, Huntington, WV 25705
      View Details
    • $399,900
      5,000 SF

      Versatile Commercial Space with Parking

      Adaptable commercial property with office suites and ample parking.
      2819 5th Avenue, Huntington, WV 25702
      View Details
    • $499,000

      Huntington Office Building on 5th

      Well-maintained office building with high visibility and flexible space.
      530 5th Avenue, Huntington, WV 25701
      View Details
    • $16

      Downtown Huntington Office Space

      Versatile office space in the Chase Bank Building.
      1000 5th Ave Suite 250, Huntington, WV 25701
      View Details
    • $2,750

      Downtown Huntington Professional Office Space

      Professional office space in downtown Huntington near Pullman Square.
      404 9th Street, Huntington, WV 25704
      View Details

    FAQs

    What type of property is this?
    Land - Vacant commercial/industrial land suitable for warehouse development.
    Where is this land located?
    The property is located at 240-244 7th Avenue Huntington, WV.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: Vacant land suitable for warehouse construction; Alley access; Located near 1st Street
    (304) 617-5536
    We can help!
    Listing Contact
    Edward Rahal
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!