Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Office Building with Parking Title is generated by Realmo AI

    106 21st Street, Nitro, WV 25143

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $595,000

    SINGLE_FAMILY - Nitro, WV

    Type:Office
    Lot size:
    0.75 Acres
    Added:
    May 8, 2026
    Days on Market:
    3
    Last Refresh:
    May 10 at 1:06 pm

    Property Features for 106 21st Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Parking features
    Off Street, On Street
    Security features
    Security
    Standard status
    Active
    APN
    27-0004-0065-0000-0000
    Lot size
    0.75 Acres

    Taxes and HOA fees

    Tax Description
    LT 119X123 IRR AREA R FRUTH; PHARMACY & PAVING
    Tax Annual Amount
    7140

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Vinyl
    Building materials
    Block, Drywall
    Roof type
    Flat

    We can help!

    Listing Contact
    Mark Madore

    Listing agent Mark Madore License #0001026

    Listing office Better Homes and Gardens Real Estate Central 2 Chase Drive, Cross Lanes, WV

    Listing date May 8, 2026

    MLS# 283384

    Copyright © 2026 Kanawha Valley 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

    • 11 Onsite Parking Spaces
    • Potential for Mixed‑Use
    • 8 Private Offices + Conference Room
    • Well‑Maintained Property
    • Central Air Conditioning
    • Public Water and Sewer

    Overview

    This well-maintained commercial property in Nitro, WV, features 11 on-site parking spaces. The building currently houses Fruth Pharmacy corporate and central fill, but they will vacate the premises upon sale. The layout includes 8 private offices and a conference room. Leased spaces offer potential for mixed-use applications. The property is situated on a 0.75-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Nitro
    County
    Kanawha
    State
    West Virginia
    Longitude
    -81.841361
    Latitude
    38.421981

    Nearby Similar for Sale

    • $434,900
      4,900 SF

      Updated Multifamily Building in Nitro

      Five-unit building with high occupancy, potential for office conversion.
      814-816 Cross Lanes Drive, Nitro, WV 25143
      View Details
    • $850,000

      Commercial Property in Nitro, WV

      Income-producing commercial property with retail and self-storage.
      307 21st Street, Nitro, WV 25143
      View Details
    • $225,000
      918 SF

      Three Townhomes Investment Opportunity

      Three townhomes with strong rental history, fully occupied.
      640 Cross Lanes Drive, Nitro, WV 25143
      View Details
    • $640,000
      2,015 SF

      Mixed-Use Property with Parking

      Mixed-use property featuring parking and potential retail space.
      106 21st St, Nitro, WV 25143
      View Details
    • $900,000
      11,574 SF

      Retail Property on Main Avenue

      Retail property available for sale on Main Avenue.
      804 and 808 Main Ave, Nitro, WV
      View Details
    • $1,739,141
      10,640 SF

      Dollar General NNN Investment Property

      Newly opened Dollar General with a 15-year lease.
      422 1st Ave S, Nitro, WV
      View Details

    FAQs

    What type of property is this?
    Office building - Well-maintained office building with parking in Nitro, WV.
    Where is this office building located?
    The property is located at 106 21st Street 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; Potential for Mixed‑Use; **8 Private Offices + Conference Room**
    (304) 545-7718
    We can help!
    Listing Contact
    Mark Madore
    Real Estate License ID: 0001026
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    106 21st Street, Nitro, WV 25143
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!