Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Space with Open Layout Title is generated by Realmo AI

    1201 Greenbrier St, Charleston, WV

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    5,430 SF office space featuring an open floor plan.

    Type:OFFICE
    Property size:
    5,430 SF
    Lot size:
    0.33 Acres
    Added:
    Dec 20, 2021
    Days on Market:
    1626
    Last Refresh:
    May 20 at 9:22 pm

    Property Features for 1201 Greenbrier St

    General Information

    Standard status
    Active
    Size
    5,430 SF
    Lot size
    0.33 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 1201 Greenbrier St Contact us

    We can help!

    Listing Contact
    Mike Thompson

    Listing agent Mike Thompson

    Listing office Realcorp, LLC

    Listing date Dec 20, 2021

    Source Moodyscre

    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 Realcorp, LLC

    HighLights

    • Mostly open floor plan layout
    • Fully built out as standard office
    • Former Department of Corrections (WV State Government) space

    Overview

    This 5,430 square foot office space features a mostly open floor plan layout and is fully built out as a standard office. The lease rate excludes utilities, property expenses, and building services. The space was formerly occupied by the West Virginia State Government's Department of Corrections.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dam Emergency State Government Office

    Suggested Use

    Restaurant Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center Pharmacy Hotel & Motel Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Kanawha
    State
    West Virginia
    Longitude
    -81.5936
    Latitude
    38.3587

    Nearby Similar for Lease

    • Sponsored
      $129-$4,494/Mo
      11-1,292 SF

      WV, Charleston - Quarrier St

      1038 Quarrier St, Charleston, WV 25301
      View Details
    • $14 SF/Yr
      2,800 SF

      Retail and Office Spaces Available

      Multiple retail and office spaces for rent off Route 119.
      1100 Fledderjohn Road, Charleston, WV, 25314
      View Details
    • $14 SF/Yr
      1,400 SF

      Charleston Retail/Office Space Available

      Retail or office spaces available for rent in Charleston.
      1110 Fledderjohn Rd, Charleston, WV
      View Details
    • $22 SF/Yr
      22,496 SF

      Downtown Charleston Office Space

      Office space available in Charleston's Central Business District.
      707 Virginia Street East, Charleston, WV, 25301
      View Details
    • $25 SF/Yr
      2,000 SF

      Kanawha City Retail Space Available

      2,000 SF retail space in Charleston's Kanawha City.
      5703 Maccorkle Ave SE, Charleston, WV
      View Details
    • $19 SF/Yr

      Downtown Charleston Office Space Available

      Office space for rent in downtown Charleston's Central Business District.
      400 Washington Street East, Charleston, WV, 25301
      View Details
    • Contact for pricing
      900 SF

      West Side Retail/Office Space

      900 SF retail or office space near Five Corners.
      408 VIRGINIA ST W, CHARLESTON, WV
      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
      View Details
    • Contact for pricing
      30,215 SF

      Class A Office Tower

      Prestigious high-rise office tower in Charleston's center.
      500 Lee Street East, Charleston, WV, 25301
      View Details
    • $6 SF/Yr
      13,500 SF

      Charleston Warehouse Space Available

      13,500 square foot warehouse space for rent in Charleston.
      927 Barlow Dr, Charleston, WV
      View Details
    • $13 SF/Yr
      2,138 SF

      Retail Space Available For Lease

      Retail space available for lease, totaling 2,138 square feet.
      220 Ohio & Virginia, Charleston, WV
      View Details
    • Contact for pricing
      107,423 SF

      Retail Space Available For Lease

      Retail property available for lease with 107423 square feet.
      6531 Maccorkle Ave SE, Charleston, WV
      View Details

    FAQs

    What type of property is this?
    Office units - 5,430 SF office space featuring an open floor plan.
    Where is this office units located?
    The property is located at 1201 Greenbrier St Charleston, WV.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Mostly open floor plan layout; Fully built out as standard office; Former Department of Corrections (WV State Government) space
    (304) 925-7000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mike Thompson
    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
    1201 Greenbrier St, Charleston, WV
    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!