Office Suites in High-Rise
For Sale
$399,000
1000-109 Capitol St, Charleston, WV 25301
Two full-service office suites with private offices, open workspace, and windowed conference rooms in the KB&T Center.
Property Size3,400 SF
Price / SF$117.35
Days on Market254
Property Features for 1000-109 Capitol St
General Information
Standard status
Active
Size
3,400 SF
Taxes and HOA fees
Annual Taxes
$7,218
Listing Agency:
Old Colony
(304) 419-1919
Listed By:
Margo H. Teeter · License #0009192
(304) 419-1919
Source:
Exprealty
Added: Dec 10, 2025
Changed: Aug 20
Last Checked: Aug 20 at 1:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Old Colony
Investment Insights
Based on property information with market context.
109 Capitol Street in the KB&T Center and Renaissance Tower offers two full-service office suites located on the 6th and 10th floors. Each suite is arranged with a mix of private offices and open workspace, along with a window-lined conference room. Direct elevator access opens into a dedicated reception area, providing a defined front door for visitors and clients.
The building’s tower setting supports a centralized, professional office environment within the KB&T Center and Renaissance Tower. The suites are already under a signed 5-year commercial lease, and the landlord will install new laminate flooring or carpet in connection with the lease.
For buyers, the property is also being offered with a limited residential pre-sale option that may allow conversion into luxury city-view residences, office/living combinations, or flexible mixed-use layouts. Finish and floor plan customization are available, with timing subject to design approval and pre-sale interest. This combination of income-producing office setup and potential adaptability makes the building a practical fit for owners seeking controlled flexibility within a recognizable tower.
The building’s tower setting supports a centralized, professional office environment within the KB&T Center and Renaissance Tower. The suites are already under a signed 5-year commercial lease, and the landlord will install new laminate flooring or carpet in connection with the lease.
For buyers, the property is also being offered with a limited residential pre-sale option that may allow conversion into luxury city-view residences, office/living combinations, or flexible mixed-use layouts. Finish and floor plan customization are available, with timing subject to design approval and pre-sale interest. This combination of income-producing office setup and potential adaptability makes the building a practical fit for owners seeking controlled flexibility within a recognizable tower.
Key Highlights
- 109 Capitol Street in the KB&T Center and Renaissance Tower includes two full‑service 3,500 SF suites on the 6th and 10th floors.
- Each suite offers a mix of private offices, open workspace, and a window‑lined conference room.
- Direct elevator access opens to a dedicated reception area for the suites.
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
$35,802
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
8.97%
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%
$716,040
$716.0K
Cap Rate 7%
$511,457
$511.5K
Cap Rate 9%
$397,800
$397.8K
Market Conditions
NOI Build-Up for 3,400 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
$61.2K $18.00/SF
− Vacancy
−$13.5K −$3.96/SF
EGI
$47.7K $14.04/SF
− OpEx
−$11.9K −$3.51/SF
NOI
$35.8K $10.53/SF
Area
Kanawha County, WV
Vacancy
22.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$716,040
Cap Rate 7%
$511,457
Cap Rate 9%
$397,800
Alternative Uses
Best Use
Office B
$511.5K
$447.5K – $596.7K
NOI $35,802 @ 7.0% cap · market cap 8.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$749.8K
$656.1K – $874.8K
NOI $52,485 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,068
Businesses Nearby
Explore this area
Business Placement
Demographics for 25301, WV
2,908
Population
1,640
Households
1.8
Avg Household Size
47
Median Age
29%
College-Educated
83%
High-School Grad
1.3 sq mi
ZIP Area
2,237
Density / Sq Mi
$21,063
Median Household Income
$28,466
Median Earnings
$488
Median Rent
$188,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two full-service office suites with private offices, open workspace, and windowed conference rooms in the KB&T Center.
Where is this office units located?
The property is located at 1000-109 Capitol St Charleston, WV.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 109 Capitol Street in the KB&T Center and Renaissance Tower includes two full‑service 3,500 SF suites on the 6th and 10th floors.; Each suite offers a mix of private offices, open workspace, and a window‑lined conference room.; Direct elevator access opens to a dedicated reception area for the suites.
