Building Details

Year built 1951

Listing Agency: ONE REALTY GROUP Show Phone

Listed By: CHUCK HARVEY, GRI Show Phone

Added: Jun 10 Changed: Oct 21 Last Checked: Oct 29 at 12:06PM

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MLS# 57137

Copyright © 2026 Mercer Tazewell Co BOR. 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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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This former gas station property includes a 2,180-square-foot building and a paved lot on Coal Heritage Road. The site encompasses 0.38 acres and contains existing improvements that can support evaluation for redevelopment or conversion to another commercial use.

Constructed in 1951, the property offers an established roadside setting with direct access from Coal Heritage Road. The existing building and paved surface provide a physical starting point for commercial planning, including consideration of retail, automotive service, office, storage, or convenience-oriented concepts, subject to applicable requirements.

Key Highlights

• 2,180‑square‑foot existing building
• 0.38‑acre commercial site
• Former gas station property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,518

Cap Rate

4.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$190,360 $190.4K

Cap Rate 7%

$135,971 $136.0K

Cap Rate 9%

$105,756 $105.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,180 SF

Gross rent

$14.4K $6.60/SF

− Vacancy

−$791 −$0.36/SF

EGI

$13.6K $6.24/SF

− OpEx

−$4.1K −$1.87/SF

NOI

$9.5K $4.37/SF

Area

Mercer County, WV

Vacancy

5.50%

Lease Rate

$6.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$190,360

Cap Rate 7%

$135,971

Cap Rate 9%

$105,756

Alternative Uses

Best Use

Retail

$375.9K

$328.9K – $438.6K (±1% cap)

NOI $26,314 @ 7.0% cap · market cap 12.24%

Second Best

Specialty Retail

$307.6K

$269.2K – $358.9K (±1% cap)

NOI $21,532 @ 7.0% cap · market cap 10.02%

Theoretical Best

Multifamily LT 5

$1.41M

$1.23M – $1.64M (±1% cap)

NOI $98,456 @ 7.0% cap · market cap 45.81%

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

Gas stations

Suggested Use

Top Pick Building Supply HVAC Service Big Box & Wholesale Store Auto Parts Store Storage Facility Furniture & Home Goods

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

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

69

Businesses Nearby

18k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 78% Shops & Services 20% Home Improvements & Furnishings 3%

Burger King Dining

14,113 visits/mo 0.1 miles

Family Dollar Shops & Services

3,559 visits/mo 0.0 miles

Airgas Home Improvements & Furnishings

467 visits/mo 0.3 miles

Demographics for 24701, WV

19,137

Population

9,419

Households

2

Avg Household Size

44

Median Age

19%

College-Educated

86%

High-School Grad

61.2 sq mi

ZIP Area

313

Density / Sq Mi

$44,188

Median Household Income

$29,589

Median Earnings

$775

Median Rent

$100,000

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

Frequently Asked Questions

What type of property is this?

Gas station - Existing improvements and a paved site provide a foundation for commercial redevelopment or conversion.

Where is this gas station located?

The property is located at 1851 Coal Heritage Rd Bluewell, WV.

What is the asking price?

The asking price for this property is $214,900.

What are key features of this property?

This property features: 2,180‑square‑foot existing building; 0.38‑acre commercial site; Former gas station property