Building Details

Year built 1983

Buildings 1

Listing Agency: ARMES REAL ESTATE & LAND COMPANY INC. Show Phone

Listed By: Ray Toler Show Phone

Added: Oct 26 Changed: Oct 28 Last Checked: Oct 30 at 5:06AM

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MLS# 95749

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.

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Investment Insights

Based on property information with market context.

This freestanding warehouse offers 1,800 square feet of interior space, along with a 200-square-foot drive-in loading dock. Its open floor plan is complemented by a private office and a full bathroom with shower. The exterior and mechanical systems have been updated, and a paved parking area serves the property.

The building occupies a corner at Central Avenue and City Avenue in Beckley. I-64 and the WVU Tech campus are minutes away, with retail, restaurants, and service businesses in the surrounding commercial area.

Key Highlights

• 1,800 square feet of interior space
• Additional 200‑square‑foot drive‑in loading dock
• Open floor plan with private office and full bathroom with shower

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,943

Cap Rate

7.30%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$218,860 $218.9K

Cap Rate 7%

$156,329 $156.3K

Cap Rate 9%

$121,589 $121.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$14.0K $7.80/SF

− Vacancy

−$1.2K −$0.65/SF

EGI

$12.9K $7.15/SF

− OpEx

−$1.9K −$1.07/SF

NOI

$10.9K $6.08/SF

Area

Raleigh County, WV

Vacancy

8.30%

Lease Rate

$7.80 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$218,860

Cap Rate 7%

$156,329

Cap Rate 9%

$121,589

Alternative Uses

Best Use

Warehouse

$156.3K

$136.8K – $182.4K (±1% cap)

NOI $10,943 @ 7.0% cap · market cap 7.30%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$1.06M

$928.0K – $1.24M (±1% cap)

NOI $74,242 @ 7.0% cap · market cap 49.53%

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

Warehouses

Suggested Use

Top Pick Nail Salon Hair Salon Skin Care Clinic Real Estate Agency Kitchen & Bath Showroom Storage Facility

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

1

Drive-in doors

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

962

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - The freestanding facility also includes a private office and a full bathroom with shower.

Where is this warehouse 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: 1,800 square feet of interior space; Additional 200‑square‑foot drive‑in loading dock; Open floor plan with private office and full bathroom with shower