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    Glenville Multi-Unit Investment Opportunity Title is generated by Realmo AI

    208 East Main St., Glenville, WV 26351

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    For Sale
    $297,500

    Multi-Unit (5+) - Glenville, WV

    Lot size:
    0.18 Acres
    Added:
    May 5, 2026
    Days on Market:
    15
    Last Refresh:
    May 19 at 10:06 pm

    Property Features for 208 East Main St.

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2400

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Wyndi Yanero

    Listing agent Wyndi Yanero

    Listing office Central WV Real Estate, LLC PO Box 22, Glenville, WV

    Listing date May 5, 2026

    MLS# 11739462 Listing URL

    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.

    HighLights

    • Prime Main Street location in downtown Glenville, steps from Glenville State University.
    • Fully leased commercial spaces with reliable tenant (Gilmer County Family Resource Network) and strong tenant retention.
    • Two spacious residential apartments with potential to be reconfigured into four units for increased rental income.
    • Turnkey property generating $3,400 monthly income with low owner expenses (trash and water).
    • Recent updates including a new four‑stage gas furnace with central air, new wheelchair ramp, and a roof less than eight years old.
    • Dedicated parking lot directly behind the building.

    Overview

    Located in the heart of downtown Glenville, WV, this historic brick building was constructed around 1920. The property features three commercial units on the ground floor, currently leased to the Gilmer County Family Resource Network. Two of these units are internally connected and used for food and clothing distribution, while the third operates as a thrift store. The commercial spaces are separately metered for gas and electric. Upstairs, there are two residential apartments, each exceeding 1,000 square feet. These apartments have generous layouts, recent updates, and classic charm. There is potential to reconfigure these into four smaller units. The property generates a total monthly income of $3,400, with the owner responsible for trash and city water. A new four-stage gas furnace with central air was installed last year. A new covered wheelchair ramp serves the commercial spaces. The roof is less than eight years old. A dedicated parking lot is located directly behind the building. The property is located steps from Glenville State University, which has 1,500 to 1,600 students. The lot size is 0.18 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Accounting Firm Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Glenville
    County
    Gilmer
    State
    West Virginia
    Longitude
    -80.841553
    Latitude
    38.93699

    Nearby Similar for Sale

    • $725,000
      3,288 SF

      Glenville Estate with Stately Home

      30+ acre estate with a circa 1917 home.
      119 Walnut St, Glenville, WV 26351
      View Details
    • $50,000

      Glenville Duplex Near University

      Investment opportunity near Glenville State University with strong rental potential.
      4/6 Whiting Ave, Glenville, WV 26351
      View Details

    FAQs

    What type of property is this?
    Apartment building - Historic mixed-use building near Glenville State University.
    Where is this apartment building located?
    The property is located at 208 East Main St. Glenville, WV.
    What is the asking price?
    The asking price for this property is $297,500.
    What are key features of this property?
    This property features: Prime Main Street location in downtown Glenville, steps from Glenville State University.; Fully leased commercial spaces with reliable tenant (Gilmer County Family Resource Network) and strong tenant retention.; Two spacious residential apartments with potential to be reconfigured into four units for increased rental income.
    (304) 765-2255
    We can help!
    Listing Contact
    Wyndi Yanero
    Learn More
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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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