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    501 W Main St Sophia, WV 25921

    Sponsored
    For Sale
    $928,000

    Business Opp - SOPHIA, WV

    Property size:
    2,500 SF
    Days on Market:
    1
    Last Refresh:
    Jan 21 at 10:06 pm

    Property Features for 501 W Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    2,500 SF

    Building Details

    Year built
    1955
    Architectural style
    Other

    We can help!

    Listing Contact
    Jessica Acord

    EXIT ELEVATION REALTY (304) 256-0101

    Listing agent Jessica Acord (304) 256-0101

    Listing date Jan 21, 2026

    MLS# 93451 Listing URL

    Copyright © 2026 Beckley 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.

    Learn more

    Overview

    Power Sports Business Opportunity

    This property presents a business opportunity featuring a power sports parts and service business, including over $1 million in inventory. The property encompasses a 3,200+ sq. ft. retail store, a 6,500+ sq. ft. manufacturing/service area and warehouse, and a 530 sq. ft. office. It is equipped with 4 interior garage bays, 1 exterior storage bay, multiple ATV lifts, 1 car lift, specialized servicing and manufacturing equipment, and 30+ tire racks. Additionally, there is a spacious on-site 3BD/2BA residence with a private entry, including a living room, kitchen, den, dining area, and laundry, suitable for an owner-operator or as an income-generating rental. The facility has been expanded and renovated over time (1954–2017), with major expansions in 1968, 1998-99, and 2017. Renovations include second story additions, a concrete floor, rebar and concrete reinforced block, a new metal roof, vinyl siding, and HVAC. Appraised in 2016, the sale conveys fixtures, equipment, numerous ATVs, bikes, collectibles, and furniture. The current owner is offering vendor transition assistance to ensure a smooth handover. The property is located in Sophia, WV, in Raleigh County.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Sophia
    County
    Raleigh
    State
    West Virginia
    Longitude
    -81.2784
    Latitude
    37.6919

    Nearby Similar for Sale

    • New
      $275,000
      4,075 SF

      Versatile Commercial Building in Sophia

      Adaptable commercial space suitable for various business uses.
      300 W Main St, Sophia, WV 25921
      View Details
    • $330,000

      Office, Retail, Garage Space Available

      4800 Sq Ft building with office, retail, and garage.
      800 Robert C Byrd Dr, Sophia, WV 25921
      View Details

    FAQs

    What type of property is this?
    Automotive property - Retail, industrial, and residential spaces with extensive equipment and inventory.
    Where is this automotive property located?
    The property is located at 501 W Main St Sophia, WV.
    What is the asking price?
    The asking price for this property is $928,000.
    What are key features of this property?
    This property features: - Major Business Opportunity: Established Power Sports Parts and Service Business with over $1 million in included inventory.; - Largest Non-Franchised Stocking Distributor: Recognized as the "Largest Non-Franchised Stocking Distributor in the U.S. for Power Sports Parts".; - Extensive Retail & Industrial Space: Features a 3,200+ sq. ft. retail store, 6,500+ sq. ft. manufacturing/service area and warehouse, and a 530 sq. ft. office.
    (304) 256-0101
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    501 W Main St Sophia, WV 25921
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    Sophia, WV 25921
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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
    501 W Main St Sophia, WV 25921
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    We can help!
    Listing Contact
    Jessica Acord
    (304) 256-0101
    Learn more
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