Six-Building Mixed-Use
For Sale
$1,500,000
Central Ave, Beckley, WV 25801
Business Opportunity, BECKLEY, WV
Property Size20,000 SF
Price / SF$75
Days on Market172
Property Features for Central Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Area 1
Standard status
Active
Size
20,000 SF
Building Details
Year built
1950
Listing Agency:
TRANSCEND REALTY
(304) 763-7020
Listed By:
Brian Brown · License #WVB240301004
(304) 207-4644
Added: Mar 27
Changed: Sep 7
Last Checked: Sep 14 at 6:06AM
MLS# 94666
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 mixed-use property includes six buildings totaling 20,000 square feet. The existing improvements date to 1950, providing a substantial physical base for a buyer evaluating redevelopment or continued income-producing use. The offering identifies retail, dining, office, and mixed-use development as possible directions.
Located on Central Ave in Beckley, West Virginia, the site has direct proximity to the Rails to Trails system and is minutes from the New River Gorge. The surrounding draw described in the offering is tied to hiking, biking, and outdoor recreation. Qualified purchasers may request the master development plans for review.
Located on Central Ave in Beckley, West Virginia, the site has direct proximity to the Rails to Trails system and is minutes from the New River Gorge. The surrounding draw described in the offering is tied to hiking, biking, and outdoor recreation. Qualified purchasers may request the master development plans for review.
Key Highlights
- Six buildings totaling 20,000 square feet
- Existing improvements date to 1950
- Located along Central Ave in Beckley, WV 25801
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
$135,000
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
9.00%
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%
$2,700,000
$2.7M
Cap Rate 7%
$1,928,571
$1.9M
Cap Rate 9%
$1,500,000
$1.5M
Market Conditions
NOI Build-Up for 20,000 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
$240.0K $12.00/SF
− Vacancy
−$24.0K −$1.20/SF
EGI
$216.0K $10.80/SF
− OpEx
−$81.0K −$4.05/SF
NOI
$135.0K $6.75/SF
Area
Raleigh County, WV
Vacancy
10.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
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%
$2,700,000
Cap Rate 7%
$1,928,571
Cap Rate 9%
$1,500,000
Alternative Uses
Best Use
Mixed Use
$1.93M
$1.69M – $2.25M
NOI $135,000 @ 7.0% cap · market cap 9.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$11.78M
$10.31M – $13.75M
NOI $824,915 @ 7.0% cap · market cap 54.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Central Avenue setting near the Rails to Trails system with redevelopment and income-producing use potential.
Where is this mixed-use property located?
The property is located at Central Ave Beckley, WV.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Six buildings totaling 20,000 square feet; Existing improvements date to 1950; Located along Central Ave in Beckley, WV 25801
