Mixed-Use Property with Rental
New
For Sale
$169,900
4931 MacCorkle Avenue SW, South Charleston, WV 25309
CommercialSale, South Charleston, WV
Property Size1,350 SF
Lot Size0.60 Acres
Price / SF$125.85
Days on Market3
Property Features for 4931 MacCorkle Avenue SW
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
COMM
Lot features
Less Than One Acre
Directions
So Chas Exit I 64 to MacCorkle Ave SW turn left to 4931 on the left
Subdivision
South Charleston
Standard status
Active
APN
20-0018-0005-0000-0000
Size
1,350 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Description
LOT 10 BK 8 SPRING HILL MACCORKLE AVE 4913
Tax Annual Amount
17443
Legal Description
LOT 10 BK 8 SPRING HILL MACCORKLE AVE 4913
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air, Window Unit(s)
Water source
Public
Amenities
privacy fenced yard
off-street parking
Building Details
Year built
1946
Floors in Building
2
Number of units
1
Flooring type
Hardwood
Building materials
Drywall
Roof type
Shingle, Composition
Listing Agency:
Old Colony
(304) 344-2581
Listed By:
Mara E. Ellis · License #0012109
(304) 541-7336
Added: Aug 27
Last Checked: Aug 29 at 3:06PM
MLS# 285221
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.
Investment Insights
Based on property information with market context.
This mixed-use property contains 1,350 square feet on a 0.6-acre parcel. The current configuration includes a hair salon at street level and a one-bedroom rental on the second floor, providing both commercial and residential components within the same building. The structure dates to 1946 and features hardwood flooring, drywall construction, forced-air natural gas heat, central air, and a window unit.
Located at 4931 MacCorkle Avenue SW in South Charleston, the property includes a small privacy-fenced yard and off-street parking behind the building. Public water and public sewer serve the site, while the roof is constructed with shingle and composition materials.
Located at 4931 MacCorkle Avenue SW in South Charleston, the property includes a small privacy-fenced yard and off-street parking behind the building. Public water and public sewer serve the site, while the roof is constructed with shingle and composition materials.
Key Highlights
- 1,350‑square‑foot mixed‑use building on 0.6 acres
- Existing hair salon on the ground floor
- One‑bedroom rental located on the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,036
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$260,720
$260.7K
Cap Rate 7%
$186,229
$186.2K
Cap Rate 9%
$144,844
$144.8K
Market Conditions
NOI Build-Up for 1,350 SF
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.
Gross rent
$19.4K $14.40/SF
− Vacancy
−$816 −$0.60/SF
EGI
$18.6K $13.80/SF
− OpEx
−$5.6K −$4.14/SF
NOI
$13.0K $9.66/SF
Area
Kanawha County, WV
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$260,720
Cap Rate 7%
$186,229
Cap Rate 9%
$144,844
Alternative Uses
Best Use
Retail
$186.2K
$163.0K – $217.3K
NOI $13,036 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$124.4K
$108.8K – $145.1K
NOI $8,705 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$297.7K
$260.5K – $347.3K
NOI $20,840 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,062
Businesses Nearby
216k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 33%
Groceries 12%
Hotels & Casinos 1%
Sheetz
Shops & Services
44,691 visits/mo
0.4 miles
McDonald's
Dining
28,711 visits/mo
0.4 miles
Kroger
Groceries
25,377 visits/mo
0.3 miles
Ollie's Bargain Outlet
Shops & Services
19,078 visits/mo
0.3 miles
GoMart
Shops & Services
17,556 visits/mo
0.5 miles
Demographics for 25309, WV
13,146
Population
5,867
Households
2.2
Avg Household Size
44
Median Age
26%
College-Educated
92%
High-School Grad
31.1 sq mi
ZIP Area
423
Density / Sq Mi
$52,920
Median Household Income
$40,732
Median Earnings
$767
Median Rent
$142,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor salon use pairs with an upstairs one-bedroom rental.
Where is this mixed-use property located?
The property is located at 4931 MacCorkle Avenue SW South Charleston, WV.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 1,350‑square‑foot mixed‑use building on 0.6 acres; Existing hair salon on the ground floor; One‑bedroom rental located on the second floor
