Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Elkins Commercial Opportunity Title is generated by Realmo AI

    122 S Randolph Avenue, Elkins, WV 26241

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $159,900

    Office - Elkins, WV

    Type:Office
    Property size:
    4,324 SF
    Lot size:
    0.29 Acres
    Price / SF:
    $36/SF
    Added:
    May 12, 2026
    Days on Market:
    1
    Last Refresh:
    May 12 at 10:06 pm

    Property Features for 122 S Randolph Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    General Commercial
    Interior features
    9ft+ Ceiling, rough-in Bath, fireplace, living Space Available
    Exterior features
    Dumpster Area
    Fireplace
    1
    Appliances
    None
    Standard status
    Active
    Size
    4,324 SF
    Lot size
    0.29 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2163

    Utilities

    Heating system
    Natural Gas
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1910
    Floors in Building
    2
    Number of units
    5
    Flooring type
    Vinyl, Wood
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    PATTI RECKART

    Listing agent PATTI RECKART License #WV0001344

    Listing office ALL SEASONS REAL ESTATE SERVICE 719 Harrison Avenue, Elkins, WV

    Listing date May 12, 2026

    MLS# 10164733 Listing URL

    Copyright © 2026 North Central West Virginia Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic commercial location in downtown Elkins with prime visibility
    • Flexible space suitable for office, restaurant, retail, or multi‑unit apartments
    • Situated on 3 lots, offering ample off‑street parking
    • Historic building with original features: hardwood floors, trim, fireplace, and pocket doors
    • Potential for renovation to restore historic charm
    • Basement and covered front porch

    Overview

    Located in downtown Elkins, this commercial property offers high visibility and flexible space suitable for various business or investment opportunities. The property, situated on three lots, provides ample off-street parking. The existing structure, described as a historic older home, features hardwood floors, original trim, a fireplace, pocket doors, a basement, and a covered front porch. The 4,324 square-foot layout is adaptable to multiple uses, including office space, a restaurant, retail, or conversion back to multi-unit apartments. The property is zoned for General Commercial use and is located in Randolph County, WV. The lot size is approximately 0.294 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkins
    County
    Randolph
    State
    West Virginia
    Longitude
    -79.842631
    Latitude
    38.922151

    Nearby Similar for Sale

    • $489,500
      1,120 SF

      Turn-Key Auto Dealership Opportunity

      Established auto dealership property on 0.30 acres with office building.
      1197 Beverly Pike, Elkins, WV 26241
      View Details
    • $249,000
      3,963 SF

      Elkins Commercial Building For Sale

      Versatile commercial building in Elkins, suitable for various professional uses.
      1092 Harrison Avenue, Elkins, WV 26241
      View Details
    • $390,000
      6,083 SF

      Elkins Office Building For Sale

      Large office complex in active business district of Elkins.
      1502 Harrison Avenue, Elkins, WV 26241
      View Details
    • $489,500
      1,120 SF

      Turn-Key Auto Dealership Opportunity

      Established auto dealership property on 0.30 acres with 1,120 SF office.
      1197 Beverly Pike, Elkins, WV 26241
      View Details
    • $249,000
      3,963 SF

      Elkins Office Building For Sale

      Versatile commercial building in a high-traffic Elkins location.
      1092 Harrison Avenue, Elkins, WV 26241
      View Details
    • $379,000

      33 Acres of Farmland

      33-acre farmland parcel with pond, stream, woodlands, and fields.
      104 Midway Loop, Elkins, WV 26241
      View Details
    • $279,900
      3,528 SF

      Move-in Ready Commercial Property

      Commercial property with high visibility and traffic volume in Elkins.
      44 S Randolph Avenue, Elkins, WV 26241
      View Details
    • $289,900
      4,939 SF

      Turn-Key Restaurant with Residential Space

      Established restaurant with living space near college campus.
      413 Kerens Avenue, Elkins, WV 26241
      View Details
    • $489,500
      1,120 SF

      Auto Dealership on State Road

      Turn-key auto dealership property with high visibility and income potential.
      1197 Beverly Pike, Elkins, WV 26241
      View Details
    • $259,000
      4,000 SF

      Elkins Commercial Opportunity For Sale

      Former medical office in prime location with ample parking.
      1092 Harrison Avenue, Elkins, WV 26241
      View Details
    • $289,900

      Move-in Ready Office with Parking

      Commercial property with offices, conference room, and ample parking.
      44 S Randolph Ave, Elkins, WV, 26241-3713
      View Details

    FAQs

    What type of property is this?
    Office units - High-traffic commercial location in downtown Elkins with flexible space.
    Where is this office units located?
    The property is located at 122 S Randolph Avenue Elkins, WV.
    What is the asking price?
    The asking price for this property is $159,900.
    What are key features of this property?
    This property features: High‑traffic commercial location in downtown Elkins with prime visibility; Flexible space suitable for office, restaurant, retail, or multi‑unit apartments; Situated on 3 lots, offering ample off‑street parking
    (304) 614-2669
    We can help!
    Listing Contact
    PATTI RECKART
    Real Estate License ID: WV0001344
    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
    122 S Randolph Avenue, Elkins, WV 26241
    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!