Mixed-Use Property with
For Sale
Contact for pricing
106 21st St, Nitro, WV 25143
Mixed-use property featuring parking and potential retail space.
Property Size2,015 SF
Price / SF$295.29
Days on Market178
Property Features for 106 21st St
General Information
Standard status
Active
Size
2,015 SF
Property subtype
Mixed Use, Retail
Building Details
Year Built
1956
Buildings
1
Listing Agency:
Better Homes and Gardens Real Estate Central
(304) 343-7653
Listed By:
Joshua McGrath · License #WV0007862
Source:
Crexi
Added: Feb 23
Changed: Aug 11
Last Checked: Aug 20 at 12:08PM
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 Better Homes and Gardens Real Estate Central
Investment Insights
Based on property information with market context.
This mixed-use property offers 2,015 square feet of space and includes 11 on-site parking spaces. The property features 8 private offices and a conference room. Currently, the property is occupied by Fruth Pharmacy, including their corporate and central fill operations. However, they will vacate the building upon sale, presenting an opportunity for new ownership. The leased spaces can be utilized for mixed-use purposes. The property is well-maintained.
Key Highlights
- 11 Onsite Parking Spaces
- 8 Private Offices + Conference Room
- Well‑Maintained Property
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
$19,458
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
3.27%
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%
$389,160
$389.2K
Cap Rate 7%
$277,971
$278.0K
Cap Rate 9%
$216,200
$216.2K
Market Conditions
NOI Build-Up for 2,015 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
$29.0K $14.40/SF
− Vacancy
−$1.2K −$0.60/SF
EGI
$27.8K $13.80/SF
− OpEx
−$8.3K −$4.14/SF
NOI
$19.5K $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%
$389,160
Cap Rate 7%
$277,971
Cap Rate 9%
$216,200
Alternative Uses
Best Use
Retail
$278.0K
$243.2K – $324.3K
NOI $19,458 @ 7.0% cap · market cap 3.27%
Second Best
Mixed Use
$184.6K
$161.5K – $215.4K
NOI $12,921 @ 7.0% cap · market cap 2.17%
Theoretical Best
Office A
$444.4K
$388.8K – $518.4K
NOI $31,105 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 37%
Taco Bell
Dining
4,231 visits/mo
0.1 miles
GoMart
Shops & Services
3,932 visits/mo
0.4 miles
Huntington Bank
Shops & Services
2,023 visits/mo
0.1 miles
H&R Block
Shops & Services
1,206 visits/mo
0.0 miles
Demographics for 25143, WV
8,792
Population
4,423
Households
2
Avg Household Size
42
Median Age
18%
College-Educated
90%
High-School Grad
8.9 sq mi
ZIP Area
988
Density / Sq Mi
$55,088
Median Household Income
$39,693
Median Earnings
$878
Median Rent
$119,300
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?
Mixed-use property - Mixed-use property featuring parking and potential retail space.
Where is this mixed-use property located?
The property is located at 106 21st St Nitro, WV.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 11 Onsite Parking Spaces; 8 Private Offices + Conference Room; Well‑Maintained Property
