Office/Warehouse Commercial Building For
For Sale
$135,000
Pending
568 Harper Park Dr, Beckley, WV 25801
COMMERCIAL - BECKLEY, WV
Property Size1,950 SF
Lot Size0.29 Acres
Days on Market100
Property Features for 568 Harper Park Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Area 1
Standard status
Pending
Size
1,950 SF
Lot size
0.29 Acres
Amenities
conference room
Building Details
Year built
1987
Listing Agency:
RE/MAX PLATINUM REALTY, LLC · RE/MAX International
(304) 253-7999
Listed By:
Charles Eller · License #225201726
(304) 809-5559
Added: May 14
Changed: Aug 4
Last Checked: Aug 21 at 1:06AM
MLS# 94883
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.
Investment Insights
Based on property information with market context.
This 1,950 square foot commercial building, located in BECKLEY, WV, offers a blend of office and warehouse space. Situated on a 0.29-acre lot in RALEIGH County, it provides convenient access to interstate 77. The property is currently leased, presenting an investment opportunity. The building is well-maintained, featuring a nice office area and a conference room. The warehouse includes two garage doors, abundant space, and a loft for additional storage.
Key Highlights
- Easy access to Interstate 77
- Currently leased, providing immediate investment opportunity
- Well‑maintained inside and out
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
$11,855
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
8.78%
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%
$237,100
$237.1K
Cap Rate 7%
$169,357
$169.4K
Cap Rate 9%
$131,722
$131.7K
Market Conditions
NOI Build-Up for 1,950 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
$15.2K $7.80/SF
− Vacancy
−$1.3K −$0.65/SF
EGI
$13.9K $7.15/SF
− OpEx
−$2.1K −$1.07/SF
NOI
$11.9K $6.08/SF
Area
Raleigh County, WV
Vacancy
8.30%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
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%
$237,100
Cap Rate 7%
$169,357
Cap Rate 9%
$131,722
Alternative Uses
Best Use
Office B
$300.9K
$263.3K – $351.0K
NOI $21,060 @ 7.0% cap · market cap 15.60%
Second Best
Flex RnD
$199.6K
$174.7K – $232.9K
NOI $13,974 @ 7.0% cap · market cap 10.35%
Theoretical Best
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,429 @ 7.0% cap · market cap 59.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 25801, WV
31,369
Population
15,185
Households
2.1
Avg Household Size
43
Median Age
23%
College-Educated
88%
High-School Grad
99.1 sq mi
ZIP Area
317
Density / Sq Mi
$49,370
Median Household Income
$35,314
Median Earnings
$842
Median Rent
$151,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained office/warehouse with easy access to I-77, great investment.
Where is this flex space located?
The property is located at 568 Harper Park Dr Beckley, WV.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Easy access to Interstate 77; Currently leased, providing immediate investment opportunity; Well‑maintained inside and out
