Freestanding Flex Space with Drive-In
For Sale
$149,900
201 CITY AVENUE, Beckley, WV 25801
COMMERCIAL - BECKLEY, WV
Property Size1,800 SF
Lot Size0.12 Acres
Price / SF$83.28
Days on Market190
Property Features for 201 CITY AVENUE
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Area 1
Standard status
Active
Size
1,800 SF
Lot size
0.12 Acres
Building Details
Year built
1983
Listing Agency:
ARMES REAL ESTATE & LAND COMPANY INC.
(304) 890-2388
Listed By:
Lisa Armes · License #WVB230300912
(304) 890-2388
Added: Jan 29
Changed: Aug 5
Last Checked: Aug 7 at 2:06AM
MLS# 93473
Copyright © 2026 Beckley 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.
This freestanding flex-space property at 201 City Avenue includes approximately 1,800 square feet of usable area plus a 200-square-foot loading dock. Built in 1983, the 0.121-acre property features an open interior, private office, and full bathroom with shower. A drive-in dock supports shipping and receiving, while the paved parking lot provides room for expansion. The exterior and mechanical systems have been recently updated.
Positioned at the corner of Central Avenue and City Avenue in Beckley, the building is minutes from I-64 and the WVU Tech campus. The surrounding area includes retail, restaurants, service businesses, and multiple ATV trail systems. The property’s freestanding layout, corner position, and signage potential support a range of commercial configurations.
Positioned at the corner of Central Avenue and City Avenue in Beckley, the building is minutes from I-64 and the WVU Tech campus. The surrounding area includes retail, restaurants, service businesses, and multiple ATV trail systems. The property’s freestanding layout, corner position, and signage potential support a range of commercial configurations.
Key Highlights
- Approximately 1,800 square feet plus a 200‑square‑foot loading dock
- 0.121‑acre corner property at Central Avenue and City Avenue
- Drive‑in loading dock for shipping and receiving
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
$12,899
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
8.61%
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%
$257,980
$258.0K
Cap Rate 7%
$184,271
$184.3K
Cap Rate 9%
$143,322
$143.3K
Market Conditions
NOI Build-Up for 1,800 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
$22.7K $12.60/SF
− Vacancy
−$2.8K −$1.58/SF
EGI
$19.8K $11.03/SF
− OpEx
−$6.9K −$3.86/SF
NOI
$12.9K $7.17/SF
Area
Raleigh County, WV
Vacancy
12.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
35.00%
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%
$257,980
Cap Rate 7%
$184,271
Cap Rate 9%
$143,322
Alternative Uses
Best Use
Office B
$277.7K
$243.0K – $324.0K
NOI $19,440 @ 7.0% cap · market cap 12.97%
Second Best
Flex RnD
$184.3K
$161.2K – $215.0K
NOI $12,899 @ 7.0% cap · market cap 8.61%
Theoretical Best
Multifamily LT 5
$1.06M
$928.0K – $1.24M
NOI $74,242 @ 7.0% cap · market cap 49.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 25801, WV
31,369
Population
15,185
Households
2.1
Avg Household Size
43
Median Age
23%
College-Educated
88%
High-School Grad
99.1 sq mi
ZIP Area
317
Density / Sq Mi
$49,370
Median Household Income
$35,314
Median Earnings
$842
Median Rent
$151,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Corner property with adaptable interior space, private office, full bath, paved parking, and recently updated exterior and mechanical systems.
Where is this flex space located?
The property is located at 201 CITY AVENUE Beckley, WV.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Approximately 1,800 square feet plus a 200‑square‑foot loading dock; 0.121‑acre corner property at Central Avenue and City Avenue; Drive‑in loading dock for shipping and receiving
