Sign Up Successful!
You now have access to more from Realmo!
    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

    307 Federal St Bluefield, WV 24740

    Sponsored
    For Sale
    $699,000

    Commercial - BLUEFIELD, WV

    Property size:
    52,100 SF
    Days on Market:
    3
    Last Refresh:
    Feb 11 at 5:06 pm

    Property Features for 307 Federal St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Bathrooms
    8
    Size
    52,100 SF

    Building Details

    Year built
    1915
    Architectural style
    Other

    We can help!

    Listing Contact
    LISA COLLINS,GRI

    REGENCY REAL ESTATE (276) 322-3448

    Listing agent LISA COLLINS,GRI (276) 322-3448

    Listing date Feb 9, 2026

    MLS# 55826 Listing URL

    Copyright © 2026 Mercer Tazewell Co BOR. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Historic Bluefield Commercial Building

    This Neo-Classical brick building, known as the Law & Commerce Building, is located in Bluefield, WV. Erected in 1913 and designed by Alex B. Mahood, the building spans 52,100 square feet. The first floor features ashlar with stone pilasters and a frieze with open store fronts. The entrance includes a projecting balcony supported by Doric Columns. The building is nine bays wide and has two franking projecting bays with brick quoins on the corners. A broad cornice with a flat frieze with raised circular triglyphs and flat modillions surmounts the building. The property may qualify for federal support (20% of qualified costs) due to its historic significance. Various professionals currently use the building. It once housed Western Union.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Skin Care Clinic Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Bluefield
    County
    Mercer
    State
    West Virginia
    Longitude
    -81.2219723
    Latitude
    37.2689047

    Nearby Similar for Sale

    • $998,000
      2,192 SF

      Historic Farmhouse on 100+ Acres

      Heritage farm with two homes, barns, pasture, stream, and pond.
      477 Ball Dairy Rd, Bluefield, WV 24701
      View Details
    • $119,900
      2,688 SF

      Bluefield Multifamily Investment Opportunity

      Four-unit apartment building with income potential in Bluefield, West Virginia.
      2019 Fulton St, Bluefield, WV 24701
      View Details
    • $167,700
      1,100 SF

      Bluefield Office with Spacious Yard

      Commercial or residential property with parking and storage.
      3217 E Cumberland Rd, Bluefield, WV 24701
      View Details
    • $39,900
      5,024 SF

      Commercial Building with Additional Parcels

      Commercial building with parking and expansion possibilities in Bluefield, WV.
      208 Wilson St, Bluefield, WV 24701
      View Details
    • $315,000
      5,760 SF

      Bluefield Multifamily Investment Opportunity

      Five rental units with a three-bay garage on 0.38 acres.
      1915 Vineyard Rd, Bluefield, WV 24701
      View Details
    • New
      $350,000
      32,400 SF

      Historic Mixed-Use Building in Bluefield

      Unique, historic mixed-use building in Bluefield, suitable for various purposes.
      717 Scott St, Bluefield, WV 24740
      View Details
    • $69,000
      1,800 SF

      Established Business in Downtown Bluefield

      Two commercial storefronts with an 83+ year business included.
      605 Bland St, Bluefield, WV 24701
      View Details
    • $80,000
      1,860 SF

      Versatile Commercial Building in Bluefield

      Adaptable building suitable for storage, office, or recreational uses.
      552 Airport Rd, Bluefield, WV 24701
      View Details
    • $240,000
      3,240 SF

      Commercial Building in Bluefield, WV

      Retail building suitable for multiple businesses in Bluefield, WV.
      3180 East Cumberland Rd, Bluefield, WV 24701
      View Details
    • Contact for pricing

      Two-Story Duplex with Income Potential

      Two-story duplex featuring hardwood floors and income-generating apartments.
      1920 Walton Ave, Bluefield, WV 24701
      View Details
    • $249,000
      3,648 SF

      Commercial Property in BLUEFIELD, WV

      Commercial property for sale in BLUEFIELD, West Virginia.
      3717 Cumberland Rd, Bluefield, WV 24701
      View Details
    • Contact for pricing

      Multifamily Property with Garage

      Five-unit residential property with a three-bay garage for sale.
      1915 Vineyard St, Bluefield, WV 24701
      View Details

    FAQs

    What type of property is this?
    Office building - Neo-Classical office building in Bluefield, West Virginia for sale.
    Where is this office building located?
    The property is located at 307 Federal St Bluefield, WV.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Eligible for federal tax credits (20% of qualified costs) due to historic designation.; - Neo-Classical architectural style designed by Alex B. Mahood.; - Historic building erected in 1915 (formerly housed Western Union).
    (276) 322-3448
    Request Owner's contact information
    307 Federal St Bluefield, WV 24740
    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.
    307 Federal St
    Bluefield, WV 24740
    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
    307 Federal St Bluefield, WV 24740
    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

    We can help!
    Listing Contact
    LISA COLLINS,GRI
    (276) 322-3448
    Learn more
    Google sign-in failed. Please try again or use another login method.