Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5703 Maccorkle Ave SE Charleston, WV 25303

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $25 SF/Yr ($4,166 /Mo)

    2,000 SF retail space in Charleston's Kanawha City.

    Property size:
    2,000 SF
    Lot size:
    0.43 Acres

    Property Features for 5703 Maccorkle Ave SE

    General Information

    Size
    2,000 SF
    Lot size
    0.43 Acres

    We can help!

    Listing Contact
    Nancy Dollison
    Nancy Dollison
    Source: Moodyscre

    Listing Agent: Nancy Dollison

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Kanawha City Retail Space Available

    Located on the south side of MacCorkle Avenue SE in Charleston's Kanawha City, this property is situated in a newly developed strip center within The Shops at Kanawha Shopping Mall. The surrounding area features a mix of commercial properties, including national, regional, and locally owned restaurants, retail establishments, service businesses, and a grocery store. The available suite offers 2,000 square feet of first-floor, storefront space that is ready for build-out. The lease is based on $25.00 per square foot under triple net lease terms. The lease term length is negotiable.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    T-Mobile Cell Phone Store LibertyX Bitcoin ATM Atm Kanacare Cannabis Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Kanawha
    State
    West Virginia
    Longitude
    -81.5678016
    Latitude
    38.3130682

    Nearby Similar for Lease

    • $10 SF/Yr
      5,495 SF

      Charleston Office Space for Lease

      Flexible Workspace Solutions in WV
      1038 Quarrier St, Charleston, WV 25301
      View Details
    • $14 SF/Yr
      55,000 SF

      KB&T Center Office Suites

      Charleston, WV Office Space Available
      109 Capitol St, Charleston, WV 25301
      View Details
    • $12 SF/Yr
      133,681 SF

      Kanawha Valley Office Building

      Charleston Office Space: 50,000 SF Available
      300 Capitol St, Charleston, WV 25301
      View Details
    • $20 SF/Yr
      70,388 SF

      Equities House: Charleston Office Space

      Prestigious Charleston office, flexible suites.
      900 Virginia St, Charleston, WV 25301
      View Details
    • $17 SF/Yr
      36,790 SF

      Downtown Charleston Office Space

      Class A office, 5,181 sq ft, 10 parking spaces
      101 Washington St, Charleston, WV 25301
      View Details
    • $19 SF/Yr
      8,352 SF

      Charleston Office Space for Lease

      Prime Charleston office, 2,925 sq ft available
      2110 Kanawha Blvd, Charleston, WV 25311
      View Details
    • $7 SF/Yr
      140,945 SF

      Charleston Warehouse Space For Lease

      140,945 SF Industrial Warehouse Available
      1422 Pennsylvania Ave, Charleston, WV 25302
      View Details
    • $10 SF/Yr
      3,312 SF

      Office Space Ready For Customization

      Former medical office space available for rent and customization.
      4809 Pennsylvania Ave, Charleston, WV 25302
      View Details
    • Contact for pricing
      26,544 SF

      Industrial Space with Interstate Access

      Well-maintained industrial facility with multiple dock doors and high ceilings.
      1402-1430 Pennsylvania Ave, Charleston, WV 25302
      View Details
    • Contact for pricing
      37,655 SF

      Charleston Warehouse with Interstate Access

      37,655 SF warehouse featuring multiple docks and high ceilings.
      150 57Th St SE, Charleston, WV 25304
      View Details
    • $12 SF/Yr
      5,430 SF

      Office Space with Open Layout

      5,430 SF office space featuring an open floor plan.
      1201 Greenbrier St, Charleston, WV 25311
      View Details
    • Contact for pricing
      6,099 SF

      Warehouse Space with Office

      Well-maintained warehouse with office space for rent.
      1010 Young St, Charleston, WV 25301
      View Details

    FAQs

    What type of property is this?
    Strip mall - 2,000 SF retail space in Charleston's Kanawha City.
    Where is this strip mall located?
    The property is located at 5703 Maccorkle Ave SE Charleston, WV.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Located in a newly developed strip center within The Shops at Kanawha Shopping Mall.; - High-traffic location on MacCorkle Avenue SE in Kanawha City.; - Surrounded by national, regional, and local businesses, including restaurants, retail, and a grocery store.
    (304) 343-5695
    Request Owner's contact information
    5703 Maccorkle Ave SE Charleston, WV 25303
    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.
    5703 Maccorkle Ave SE
    Charleston, WV 25303
    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
    5703 Maccorkle Ave SE Charleston, WV 25303
    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

    We can help!
    Listing Contact
    Nancy Dollison
    Nancy Dollison
    (304) 343-5695
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.