Two-Suite Office
For Sale
$399,000
109 Capitol Street, Charleston, WV 25304
CommercialSale, Charleston, WV
Property Size3,400 SF
Price / SF$117.35
Days on Market254
Property Features for 109 Capitol Street
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking features
Off Street
Interior features
Elevator
Accessibility
Accessible Elevator Installed
Lot features
Less Than One Acre
Directions
Kanawha Blvd, East to Capitol Street. Go 1 1/2 blocks 109 sits adjacent to Kanawha Library.
Subdivision
Charleston Proper
Standard status
Active
APN
11-0007-0034-1000-0000
Size
3,400 SF
Taxes and HOA fees
Tax Description
LT 94X80 CAPITOL ST 107 K B&T CENTER UNIT NO 1000
Tax Annual Amount
7218
Legal Description
LT 94X80 CAPITOL ST 107 K B&T CENTER UNIT NO 1000
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Carpet, Tile
Building materials
Brick, Drywall
Roof type
Rubber
Listing Agency:
Old Colony
(304) 344-2581
Listed By:
Margo H. Teeter · License #0009192
(304) 419-1919
Added: Dec 10, 2025
Changed: Aug 19
Last Checked: Aug 21 at 11:06AM
MLS# 281457
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.
Investment Insights
Based on property information with market context.
This office property at 109 Capitol Street includes two suites positioned on the 6th and 10th floors of the KB&T Center and Renaissance Tower. Each layout combines private offices, open workspace, a conference room with extensive windows, and a reception area reached directly by elevator. Interior finishes include carpet and tile, with central air, forced-air heating, and natural gas service.
The property is offered with a signed 5-year commercial lease. Under the lease arrangement, the landlord will install new laminate flooring or carpet. A residential pre-sale option is also available, permitting consideration of city-view residences, office/living combinations, or mixed-use layouts, subject to design approval and pre-sale interest. Public water and sewer serve the property, with off-street parking and an accessible elevator installed.
The property is offered with a signed 5-year commercial lease. Under the lease arrangement, the landlord will install new laminate flooring or carpet. A residential pre-sale option is also available, permitting consideration of city-view residences, office/living combinations, or mixed-use layouts, subject to design approval and pre-sale interest. Public water and sewer serve the property, with off-street parking and an accessible elevator installed.
Key Highlights
- Two office suites located on the 6th and 10th floors
- Signed 5‑year commercial lease
- Private offices, open workspace, and window‑lined conference rooms
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
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
3,764
Businesses Nearby
Explore this area
Business Placement
Demographics for 25304, WV
8,466
Population
4,062
Households
2.1
Avg Household Size
44
Median Age
50%
College-Educated
94%
High-School Grad
9.7 sq mi
ZIP Area
873
Density / Sq Mi
$80,200
Median Household Income
$42,694
Median Earnings
$1,017
Median Rent
$227,100
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 - Elevator-served suites combine private offices, open work areas, and window-lined conference rooms.
Where is this office units located?
The property is located at 109 Capitol Street 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: Two office suites located on the 6th and 10th floors; Signed 5‑year commercial lease; Private offices, open workspace, and window‑lined conference rooms
