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

    2402 Washington Street E Charleston, WV 25311

    View on Map
    Claim this Listing
    For Sale
    $49,500

    LAND - Charleston, WV

    Added:
    Mar 31, 2023
    Days on Market:
    1118
    Last Refresh:
    Apr 21 at 6:06 pm

    Property Features for 2402 Washington Street E

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    11-0029-0137-0000-0000

    Taxes and HOA fees

    Tax Description
    LT 39 COMSTOCK ADN WASHINGTON STREET 2402
    Tax Annual Amount
    186

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Margo H. Teeter
    Margo H. Teeter

    Listing agent Margo H. Teeter License #0009192

    Listing office Old Colony 1205 Virginia St. E, Charleston, WV

    Listing date Mar 31, 2023

    MLS# 263460 Listing URL

    Copyright © 2026 Kanawha Valley 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

    Charleston Land in Historical District

    This is a buildable lot situated in the historical district of Charleston, West Virginia. The spacious lot is conveniently located near all amenities and is just a couple of minutes from the Capital Complex. All utilities are available to the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Kanawha
    State
    West Virginia
    Longitude
    -81.603734
    Latitude
    38.335915

    Nearby Similar for Sale

    • $865,000
      6,450 SF

      Historic Office Building on Kanawha

      Historic 6,450 SF office building with river views.
      1510 Kanawha Boulevard E, Charleston, WV 25311
      View Details
    • $999,000

      Former Restaurant with Drive-Thru

      Freestanding building with drive-thru, ideal for restaurant or retail.
      741 W Washington Street, Charleston, WV 25302
      View Details
    • $799,000
      16,000 SF

      Versatile Commercial Property in Charleston

      Expansive commercial property with prime location and flexible layout.
      3324 Pennsylvania Avenue, Charleston, WV 25302
      View Details
    • $775,000

      Charleston Commercial Land For Sale

      0.74 acre commercial property in high-traffic area, excellent development potential.
      0 MacCorkle Avenue E, Charleston, WV 25303
      View Details
    • $850,000

      Renovated Office Building in Charleston

      Fully renovated two-story office building in downtown Charleston, WV.
      16 Capitol Street, Charleston, WV 25301
      View Details
    • $697,000
      6,715 SF

      Two-Story Office Building, Apartments Potential

      Two-story office building with apartment potential in Charleston, WV.
      804/806 Greenbrier Street, Charleston, WV 25311
      View Details
    • $399,900
      8,000 SF

      Charleston Townhomes: Investment Opportunity

      Six townhomes in Charleston, WV, generating $5475 monthly income.
      501 Thompson Street, Charleston, WV 25301
      View Details
    • $1,200,000

      Medical Office Investment Opportunity

      Leased medical office building in Kanawha City submarket.
      4502 MacCorkle Avenue, Charleston, WV 25304
      View Details
    • $2,000,000
      12,204 SF

      Retail Property Near Shopping Area

      Well-maintained retail building with loading dock near Charleston shopping.
      864 Oakwood Road, Charleston, WV 25314
      View Details
    • $30,000

      Charleston Vacant Land For Sale

      4.47+/- acre corner lot near medical centers and university.
      0 Whispering Woods Road, Charleston, WV 25304
      View Details
    • $12,000

      Charleston Vacant Land For Sale

      0.12 acre vacant land with frontage and paved driveway.
      371 Campbells Creek Drive, Charleston, WV 25306
      View Details
    • $155,000
      4,668 SF

      Four-Unit Investment Property

      Four-unit property with various apartment configurations in Charleston, WV.
      813 Grant Street, Charleston, WV 25302
      View Details

    FAQs

    What type of property is this?
    Land - Buildable lot in Charleston's historical district, close to amenities.
    Where is this land located?
    The property is located at 2402 Washington Street E Charleston, WV.
    What is the asking price?
    The asking price for this property is $49,500.
    What are key features of this property?
    This property features: Build able lot in the Historical District of Charleston; Spacious lot; Close and convenient to all amenities
    (304) 419-1919
    We can help!
    Listing Contact
    Margo H. Teeter
    Margo H. Teeter
    Real Estate License ID: 0009192
    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!