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    7123 Route 152 Wayne, WV 25570

    View on Map
    Sponsored
    For Sale
    $1,125,000

    Retail - Wayne, WV

    Type:Retail
    Property size:
    14,802 SF
    Lot size:
    1.97 Acres
    Days on Market:
    46
    Last Refresh:
    Mar 5 at 2:06 pm

    Property Features for 7123 Route 152

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    27
    Interior features
    Sprinkler System, Loading Dock(s)
    Size
    14,802 SF
    Lot size
    1.97 Acres

    Utilities

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

    Building Details

    Year built
    1999
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Brody Nash
    Brody Nash

    CENTURY 21 HOMES & LAND (304) 736-6655

    Listing agent Brody Nash (304) 736-6655

    Listing date Jan 19, 2026

    MLS# 181056 Listing URL

    Copyright © 2026 Huntington 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

    Property Insight Report

    Overview

    Freestanding Retail Building on Route 152

    This freestanding commercial building, formerly a Save-A-Lot grocery store, is located directly on Route 152 in Wayne, West Virginia. Constructed in 1999, the property includes a side loading dock, walk-in coolers and freezers, a fire suppression sprinkler system, and 240V 3-phase power. The building offers an open retail floor plan that is ready for occupancy or buildout. The property, situated on nearly 2 acres, provides 70 on-site parking spaces and room for expansion or redevelopment. With 14,802 square feet of space, the property is outside city zoning restrictions, offering flexibility for a range of commercial or industrial uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Building Supply Bar & Pub Storage Facility Shopping Center & Mall Carpet & Flooring Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Wayne
    State
    West Virginia
    Longitude
    -82.448712
    Latitude
    38.259088

    Nearby Similar for Sale

    • $250,000
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      Multi-Use Commercial Opportunity in Wayne

      Three-building commercial property with retail, office, and warehouse potential.
      8935 Us Rt 152, Wayne, WV 25570
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    • $689,000
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      Cash Flowing Ten-Unit Property

      Ten fully rented units near downtown Wayne, West Virginia.
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    • $150,000
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      Two-Building Commercial Property with Income Potential

      Two-building commercial property with office, shop, and apartment units.
      8377 Route 152, Wayne, WV 25507
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    • $265,000
      3.32 Acres

      Prime Wayne, WV Mixed-Use Property

      3.32 Acres, $265,000 - Investment Opportunity
      8377 Rt. 152, Wayne, WV 25570
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    FAQs

    What type of property is this?
    Grocery and convenience store - Former grocery store on Route 152 in Wayne, West Virginia.
    Where is this grocery and convenience store located?
    The property is located at 7123 Route 152 Wayne, WV.
    What is the asking price?
    The asking price for this property is $1,125,000.
    What are key features of this property?
    This property features: - Located directly on Route 152 in Wayne, WV, offering **high visibility and accessibility**.; - Outside city zoning restrictions, providing flexibility.; - **70 on-site parking spaces** and nearly 2 acres of land, allowing for expansion.
    (304) 208-6190
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    7123 Route 152 Wayne, WV 25570
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    Wayne, WV 25570
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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
    7123 Route 152 Wayne, WV 25570
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    We can help!
    Listing Contact
    Brody Nash
    Brody Nash
    (304) 208-6190 (304) 736-6655
    Learn more
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