Historic Four-Story Office
For Sale
$799,900
1510 Kanawha Boulevard E, Charleston, WV 25311
CommercialSale, Charleston, WV
Property Size6,450 SF
Lot Size0.35 Acres
Price / SF$124.02
Days on Market172
Property Features for 1510 Kanawha Boulevard E
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
COMM
Rooms
Basement
Security features
Security
Lot features
Less Than One Acre, Level
Directions
I-64 going towards Charleston. Use Exit 99 to Greenbrier St. Turn right off the exit. Go straight to Kanawha Blvd E & make a right at the light 1510 will be on your right with a large parking lot behind the building accessible from the front/blvd entrance
Subdivision
Charleston Proper
Standard status
Active
APN
11-0020-0277-0000-0000
Size
6,450 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Description
LT 84X179 KANAWHA BLVD 1510
Legal Description
LT 84X179 KANAWHA BLVD 1510
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air, Heat Pump (Heating), Electric (Heating)
Cooling system
Heat Pump, Electric, Central Air
Water source
Public
Amenities
hardwood floors
high ceilings
detailed trim
crown molding
large windows
river views
Building Details
Year built
1900
Floors in Building
4
Flooring type
Carpet, Vinyl, Hardwood, Tile
Building materials
Block, Drywall, Concrete, Plaster
Roof type
Shingle
Listing Agency:
Old Colony
(304) 757-3434
Listed By:
Christy Bennett · License #220302169
(304) 395-1668
Added: Apr 6
Changed: Sep 12
Last Checked: Sep 24 at 10:06AM
MLS# 282735
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.
Built circa 1900, this four-story brick office building contains 6,450 square feet on a 0.35-acre lot. The interior combines hardwood floors, high ceilings, detailed trim, crown molding, and large windows with carpet, vinyl, and tile flooring. Central air, forced-air, heat-pump, and electric or natural-gas heating systems are present, along with public water and public sewer.
The property fronts Kanawha Boulevard East and provides access to downtown Charleston, the State Capitol Complex, and the East End. Its layout includes at least sixteen possible office spaces, supporting a range of professional or organizational office configurations. A basement is also included.
The property fronts Kanawha Boulevard East and provides access to downtown Charleston, the State Capitol Complex, and the East End. Its layout includes at least sixteen possible office spaces, supporting a range of professional or organizational office configurations. A basement is also included.
Key Highlights
- 6,450‑square‑foot office building on a 0.35‑acre lot
- Four‑story brick building constructed circa 1900
- At least sixteen possible office spaces
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
$67,919
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
8.49%
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%
$1,358,380
$1.4M
Cap Rate 7%
$970,271
$970.3K
Cap Rate 9%
$754,656
$754.7K
Market Conditions
NOI Build-Up for 6,450 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
$116.1K $18.00/SF
− Vacancy
−$25.5K −$3.96/SF
EGI
$90.6K $14.04/SF
− OpEx
−$22.6K −$3.51/SF
NOI
$67.9K $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%
$1,358,380
Cap Rate 7%
$970,271
Cap Rate 9%
$754,656
Alternative Uses
Best Use
Office B
$970.3K
$849.0K – $1.13M
NOI $67,919 @ 7.0% cap · market cap 8.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,567 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,719
Businesses Nearby
Explore this area
Business Placement
Demographics for 25311, WV
9,487
Population
5,412
Households
1.8
Avg Household Size
45
Median Age
32%
College-Educated
88%
High-School Grad
25.7 sq mi
ZIP Area
369
Density / Sq Mi
$58,046
Median Household Income
$39,406
Median Earnings
$875
Median Rent
$113,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 building - Brick office property with flexible rooms, period detailing, and access to downtown Charleston and the State Capitol Complex.
Where is this office building located?
The property is located at 1510 Kanawha Boulevard E Charleston, WV.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 6,450‑square‑foot office building on a 0.35‑acre lot; Four‑story brick building constructed circa 1900; At least sixteen possible office spaces
