Building Details

Floors in Building 2

Flooring type Carpet

Building materials Vinyl Siding, Brick

Listing Agency: Home by Hicks & Co. Show Phone

Listed By: Stacey Hicks Show Phone

Added: Oct 12 Changed: Oct 14 Last Checked: Oct 15 at 4:06AM

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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.

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.

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 (±1% cap)

NOI $22,428 @ 7.0% cap · market cap 14.95%

Second Best

Mixed Use

$179.2K

$156.8K – $209.0K (±1% cap)

NOI $12,542 @ 7.0% cap · market cap 8.36%

Theoretical Best

Multifamily LT 5

$1.20M

$1.05M – $1.40M (±1% cap)

NOI $83,913 @ 7.0% cap · market cap 55.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Marke E Wills ... Law Firm

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency (Bike/Boat/Book/etc) Store Catering Service Acupuncture Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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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