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    Two-Building Commercial Property in Wayne Title is generated by Realmo AI

    8377 Route 152, Wayne, WV 25507

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    Claim this Listing
    Pending
    $150,000

    COMMERCIAL - wayne, WV

    Property size:
    1,316 SF
    Lot size:
    3.32 Acres
    Added:
    Nov 5, 2025
    Days on Market:
    212
    Last Refresh:
    Jun 5 at 8:06 am

    Property Features for 8377 Route 152

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    APN
    98 & 56.4
    Size
    1,316 SF
    Lot size
    3.32 Acres

    Utilities

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

    Building Details

    Year built
    1946
    Building materials
    Vinyl, Block/Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Brandilyn Davis

    Listing agent Brandilyn Davis

    Listing office GREAT AMERICAN REALTY 2320 ADAMS AVENUE, HUNTINGTON, WV

    Listing date Nov 5, 2025

    MLS# 182615

    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.

    HighLights

    • Great Location on Major Hwy
    • Rustic and Ready
    • Various types of businesses will fit
    • Over 2 Acres
    • Fully furnished with equipment, tables, chairs etc.
    • Turn Key Operations

    Overview

    This commercial property features two buildings, offering multiple income streams and flexible use options. Building A provides approximately 1,316 sq. ft. of office space, including multiple private offices, a restroom, and a new hot water tank. This office building has separate electric service and parking space for 4-5 vehicles. Building B includes a mechanic's shop or warehouse on the upper level and a 1-bedroom, 1-bath apartment on the lower level. The shop is heated by gas and shares electric service with the apartment. The apartment is equipped with an electric wall heater and window A/C unit. All units share city water and garbage service and utilize an aeration system. The property is situated on a 3.32-acre lot. The office and mechanic shop are currently occupied, providing immediate rental income, while the apartment is vacant. This property is located in Wayne, WV, and is suitable for an investor or business owner seeking both workspace and rental potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    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
    -82.432238
    Latitude
    38.250496

    Nearby Similar for Sale

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      Multi-Use Commercial Opportunity in Wayne

      Three-building commercial property with retail, office, and warehouse potential.
      8935, 8937, 893 US Rt 152, Wayne, WV 25570
      View Details
    • Contact for pricing
      9,100 SF

      Dollar General Investment Opportunity

      NN leased Dollar General with corporate guarantee and rental escalations.
      90 McGinnis Dr, Wayne, WV 24844
      View Details
    • $687,720
      9,100 SF

      9,100 SqFt Retail Opportunity

      Retail space for sale, value-add opportunity, 10.00% cap.
      90 McGinnis Drive, Wayne, WV 25570
      View Details

    FAQs

    What type of property is this?
    Flex space - Commercial property with office, shop, and apartment, income potential.
    Where is this flex space located?
    The property is located at 8377 Route 152 Wayne, WV.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Great Location on Major Hwy; Rustic and Ready; Various types of businesses will fit
    (304) 654-3217
    We can help!
    Listing Contact
    Brandilyn Davis
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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.

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