Mixed-Use Building with Residential
1617 N Walker Street, Princeton, WV 24740
For Sale
$150,000
Commercial Sale, Princeton, WV
Property Size1,858 SF
Lot Size0.10 Acres
Price / SF$80.73
Days on Market30
Property Features for 1617 N Walker Street
General Information
Property type
Property subtype
Standard status
Size
Lot size
Building Details
Floors in Building
Flooring type
Building materials
Listing Agency:
Home by Hicks & Co.
Listed By:
Stacey Hicks
(304) 500-4663
Added: Oct 12
Changed: Oct 14
Last Checked: Nov 10 at 5:06PM
MLS# 12025558
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,858-square-foot mixed-use property occupies a 0.1-acre parcel in Princeton. The building has brick and vinyl siding, carpet flooring, and residential space above that may be used optionally.
Dedicated parking and adjoining green space are part of the property. The Mercer County Courthouse, local restaurants, and professional offices are within walking distance on N Walker Street.
Dedicated parking and adjoining green space are part of the property. The Mercer County Courthouse, local restaurants, and professional offices are within walking distance on N Walker Street.
Key Highlights
- 1,858‑square‑foot mixed‑use property on a 0.1‑acre parcel
- Optional residential space above the commercial area
- Dedicated parking and adjoining green space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,542
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,840
$250.8K
Cap Rate 7%
$179,171
$179.2K
Cap Rate 9%
$139,356
$139.4K
Market Conditions
NOI Build-Up for 1,858 SF
Gross rent
$22.3K $12.00/SF
− Vacancy
−$2.2K −$1.20/SF
EGI
$20.1K $10.80/SF
− OpEx
−$7.5K −$4.05/SF
NOI
$12.5K $6.75/SF
Area
Mercer County, WV
Vacancy
10.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,840
Cap Rate 7%
$179,171
Cap Rate 9%
$139,356
Alternative Uses
Best Use
Retail
$320.4K
$280.4K – $373.8K
NOI $22,428 @ 7.0% cap · market cap 14.95%
Second Best
Mixed Use
$179.2K
$156.8K – $209.0K
NOI $12,542 @ 7.0% cap · market cap 8.36%
Theoretical Best
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $83,913 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
976
Businesses Nearby
91k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Superstores 21%
Shops & Services 13%
Home Improvements & Furnishings 2%
McDonald's
Dining
23,276 visits/mo
0.5 miles
Big Lots
Superstores
19,330 visits/mo
0.4 miles
Hardee's
Dining
9,382 visits/mo
0.5 miles
Roses Discount Store
Shops & Services
9,341 visits/mo
0.4 miles
SONIC Drive In
Dining
9,004 visits/mo
0.5 miles
Demographics for 24740, WV
16,238
Population
8,069
Households
2
Avg Household Size
43
Median Age
22%
College-Educated
89%
High-School Grad
30.6 sq mi
ZIP Area
531
Density / Sq Mi
$46,272
Median Household Income
$39,867
Median Earnings
$831
Median Rent
$133,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property includes dedicated parking and adjoining green space near Princeton’s courthouse, restaurants, and professional offices.
Where is this mixed-use property located?
The property is located at 1617 N Walker Street Princeton, WV.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 1,858‑square‑foot mixed‑use property on a 0.1‑acre parcel; Optional residential space above the commercial area; Dedicated parking and adjoining green space
