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    Bridgeport Mixed-Use Investment Opportunity Title is generated by Realmo AI

    317 S Virginia Avenue, Bridgeport, WV 26330

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    Claim this Listing
    For Sale
    $2,999,999

    Mixed Use - Bridgeport, WV

    Type:Mixed Use
    Property size:
    23,958 SF
    Lot size:
    2.98 Acres
    Price / SF:
    $125/SF
    Added:
    May 8, 2026
    Days on Market:
    14
    Last Refresh:
    May 21 at 5:06 pm

    Property Features for 317 S Virginia Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Zoning
    Neighborhood Mix Use
    Parking features
    Paved or Surfaced
    Interior features
    9ft+ Ceiling, public Restrooms
    Exterior features
    Dumpster Area, Door Signage, Other, Truck Loading Dock, Detached Signage
    Appliances
    None
    Standard status
    Active
    Size
    23,958 SF
    Lot size
    2.98 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    32642

    Utilities

    Heating system
    Electric (Heating), Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1994
    Floors in Building
    1
    Number of units
    6
    Flooring type
    Concrete, Laminate, Other, Tile, Tile - Ceramic, Vinyl
    Building materials
    Block, Concrete
    Roof type
    Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    DESTINY SYLVESTER
    DESTINY SYLVESTER

    Listing agent DESTINY SYLVESTER License #WVS190300676

    Listing office BEL-CROSS PROPERTIES, LLC 76 High Street, Morgantown, WV

    Listing date May 8, 2026

    MLS# 10159024 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.

    HighLights

    • Five leased storefront spaces plus one commercial space provide immediate income.
    • 2.98‑acre lot offers potential for future development.
    • Complete interior and exterior remodel enhances appeal.
    • Two new rubber roofs (less than 5 years old) ensure long‑term protection.
    • Paved lot with approximately 100 spaces accommodates ample parking.
    • Prime location in the heart of Bridgeport, near I‑79, shopping.

    Overview

    Located at 317 S Virginia Avenue in Bridgeport, WV, this mixed-use commercial building, also known as The Square, features 5 leased storefront spaces and an additional commercial space in the back. Situated on a 2.98-acre lot, the property has undergone a complete interior and exterior remodel. The building includes two rubber roofs that are less than 5 years old. A paved lot provides approximately 100 parking spaces. The property is located in the heart of Bridgeport, near the I-79 interstate, shopping, and a pool. The buyer has the opportunity to collaborate with the city for future development on the parcel. Blueprints for "Building 3" are included in the listing documents. The property size is 23958 square feet.

    Financial Insights

    Value Estimation Calculated for Mixed Use

    Conservative
    $1.89M
    NOI $169,802 @ 9.00% cap · cautious / downside scenario
    Moderate
    $2.43M
    NOI $169,802 @ 7.00% cap · market / base-case scenario
    Aggressive
    $3.40M
    NOI $169,802 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Mixed Use

    Component $ $/SF
    Gross rent $301.9k $12.60
    − Vacancy −$30.2k −$1.26
    EGI $271.7k $11.34
    − OpEx −$101.9k −$4.25
    NOI $169.8k $7.09
    23,958 SF · lease $12.60/SF/yr · vacancy 10.00% · expense 37.50%

    Alternative Use Scenarios

    Best Use
    Mixed Use
    $2.43M
    $2.12M – $2.83M (±1% cap)
    NOI $169,802 @ 7.0% cap · market cap 5.66%
    Second Best
    Retail
    $2.25M
    $1.97M – $2.62M (±1% cap)
    NOI $157,375 @ 7.0% cap · market cap 5.25%
    Theoretical Best
    Specialty Retail
    $4.74M
    $4.15M – $5.53M (±1% cap)
    NOI $331,825 @ 7.0% cap · market cap 11.06%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Harrison
    State
    West Virginia
    Longitude
    -80.256997
    Latitude
    39.2810823

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    FAQs

    What type of property is this?
    Mixed-use property - Commercial building with leased storefronts and development potential in Bridgeport.
    Where is this mixed-use property located?
    The property is located at 317 S Virginia Avenue Bridgeport, WV.
    What is the asking price?
    The asking price for this property is $2,999,999.
    What are key features of this property?
    This property features: Five leased storefront spaces plus one commercial space provide immediate income.; 2.98‑acre lot offers potential for future development.; Complete interior and exterior remodel enhances appeal.
    (304) 296-7930
    We can help!
    Listing Contact
    DESTINY SYLVESTER
    DESTINY SYLVESTER
    Real Estate License ID: WVS190300676
    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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