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    Income-Producing Mixed-Use Property For Sale Title is generated by Realmo AI

    1697 Middleway Pike, Bunker Hill, WV 25413

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    For Sale
    $395,000

    Mixed-use property with duplex and commercial tenants in growing area.

    Type:Commercial
    Property size:
    1,309 SF
    Lot size:
    0.36 Acres
    Price / SF:
    $301/SF
    Added:
    Feb 11, 2026
    Days on Market:
    114
    Last Refresh:
    May 11 at 1:11 am

    Property Features for 1697 Middleway Pike

    General Information

    Standard status
    Active
    Size
    1,309 SF
    Lot size
    0.36 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1978

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    Listing Contact
    DIVA L BUNTING
    DIVA L BUNTING

    Listing agent DIVA L BUNTING License #0025133

    Listing office TOUCHSTONE REALTY, LLC

    Listing date Feb 11, 2026

    Source Corcoran

    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 TOUCHSTONE REALTY, LLC

    HighLights

    • Income‑producing mixed‑use property generating $3,800/month in gross income.
    • Renovated duplex (1,309 SF) with two units (2BR/1.5BA and 1BR/1BA) LIKE NEW in 2024/2025.
    • Two established commercial tenants with existing leases (2‑year and 8‑year).
    • Located in Berkeley County, WV, the fastest‑growing county in the state.
    • Recent renovations include updated paint, flooring, baths, kitchen, plumbing, electrical, insulation, floor joists, sub flooring, and a new main water line.
    • Water diversion system installed with a lifetime warranty.

    Overview

    This income-producing mixed-use property is located in Berkeley County, WV. The 0.36-acre lot features a renovated 1,309 SF duplex and two established commercial tenants. The duplex includes a 2BR/1.5BA unit and a 1BR/1BA unit, renovated in 2024/2025 with new paint, flooring, baths, kitchen, plumbing, electrical, insulation, floor joists, and sub flooring. The main water line has been replaced, and a water diversion system with a lifetime warranty has been installed. Both duplex units are month-to-month. The commercial frontage on Middleway Pike is leased to an established car dealer on a 2-year lease. The rear frontage on Cheshire Rd. is occupied by an auto dealership with an 8-year lease requirement. A gravel parking pad accommodates 4 vehicles for duplex tenant parking, 10 spaces for the front auto dealer, and 11 spaces for the rear auto tenant. The property generates $3,800/month in gross income across four leases. The property is located in Berkeley County, WV, near Loudoun County, VA, and benefits from population growth and a high concentration of above-average income households. This property is an opportunity for investors seeking stable income with future upside.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Bunker Hill
    County
    Berkeley
    State
    West Virginia
    Longitude
    -78.0485
    Latitude
    39.3176

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with duplex and commercial tenants in growing area.
    Where is this mixed-use property located?
    The property is located at 1697 Middleway Pike Bunker Hill, WV.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Income‑producing mixed‑use property generating $3,800/month in gross income.; Renovated duplex (1,309 SF) with two units (2BR/1.5BA and 1BR/1BA) LIKE NEW in 2024/2025.; Two established commercial tenants with existing leases (2‑year and 8‑year).
    (304) 260-9380
    We can help!
    Listing Contact
    DIVA L BUNTING
    DIVA L BUNTING
    Real Estate License ID: 0025133
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    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.

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