Multi-Space Retail
For Sale
$135,000
602 E Dupont Avenue, Belle, WV 25015
CommercialSale, Belle, WV
Property Size985 SF
Price / SF$137.06
Days on Market101
Property Features for 602 E Dupont Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
COMM
Parking features
Off Street
Lot features
Level
Directions
DUPONT AVE IN BELLE TO 602 ON THE CORNER OF E DUPONT AVE & E 6TH ST. ACROSS 6YH ST. FROM BELLE ELEMENTARY SCHOOL. 2 DOORS DOWN FROM THE BELLE FIRE DEPT.
Subdivision
Malden East
Standard status
Active
APN
29-0004-0382-0001-0000
Size
985 SF
Taxes and HOA fees
Tax Description
PARS 177-B & 178-B SEC 2 BELLE
Tax Annual Amount
1348
Legal Description
PARS 177-B & 178-B SEC 2 BELLE
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Carpet, Vinyl
Building materials
Brick, Block, Drywall
Roof type
Flat
Listing Agency:
RE/MAX Clarity · RE/MAX International
(304) 767-3434
Listed By:
Beth Stamper · License #0022287
(304) 546-1101
Added: May 29
Changed: Sep 5
Last Checked: Sep 6 at 6:06AM
MLS# 283749
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 985-square-foot retail property at 602 E Dupont Avenue includes multiple spaces currently configured for a barber shop, nail salon, and tattoo studio. The interior uses carpet and vinyl flooring, with brick, block, and drywall construction supporting a practical commercial layout.
The building features central air, heat pump heating, a flat roof, off-street parking, public water, and public sewer. Its existing room arrangement can accommodate the current personal-service uses or be adapted for other retail operations, subject to applicable requirements.
The building features central air, heat pump heating, a flat roof, off-street parking, public water, and public sewer. Its existing room arrangement can accommodate the current personal-service uses or be adapted for other retail operations, subject to applicable requirements.
Key Highlights
- 985 SF retail property at 602 E Dupont Avenue
- Existing barber shop, nail salon, and tattoo studio configuration
- Multiple interior spaces with carpet and vinyl flooring
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
$9,512
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
7.05%
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%
$190,240
$190.2K
Cap Rate 7%
$135,886
$135.9K
Cap Rate 9%
$105,689
$105.7K
Market Conditions
NOI Build-Up for 985 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
$14.2K $14.40/SF
− Vacancy
−$596 −$0.60/SF
EGI
$13.6K $13.80/SF
− OpEx
−$4.1K −$4.14/SF
NOI
$9.5K $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%
$190,240
Cap Rate 7%
$135,886
Cap Rate 9%
$105,689
Alternative Uses
Best Use
Retail
$135.9K
$118.9K – $158.5K
NOI $9,512 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$217.2K
$190.1K – $253.4K
NOI $15,205 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
Explore this area
Business Placement
Demographics for 25015, WV
4,043
Population
1,924
Households
2.1
Avg Household Size
44
Median Age
14%
College-Educated
91%
High-School Grad
29.9 sq mi
ZIP Area
135
Density / Sq Mi
$50,472
Median Household Income
$41,647
Median Earnings
$1,077
Median Rent
$106,900
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?
Retail space - Retail building with multiple rooms and existing salon-oriented improvements for varied commercial operations.
Where is this retail space located?
The property is located at 602 E Dupont Avenue Belle, 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: 985 SF retail property at 602 E Dupont Avenue; Existing barber shop, nail salon, and tattoo studio configuration; Multiple interior spaces with carpet and vinyl flooring
