218 3rd Avenue, Saint Albans, WV 25177
SINGLE_FAMILY - St Albans, WV
- Added:
- May 8, 2026
- Days on Market:
- 55
- Last Refresh:
- Jul 1 at 10:06 am
Property Features for 218 3rd Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- APN
- 17-0001-0155-0000-0000
- Size
- 1,352 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- LTS 15-16 BK 19
- Tax Annual Amount
- 587
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 1
- Flooring type
- Hardwood, Vinyl
- Building materials
- Block, Drywall
- Roof type
- Composition, Shingle
Listing agent Drema Davis License #0020927 (304) 741-1400
Listing office Old Colony 3751 Teays Valley Road, Charleston, WV (304) 757-3434
Listing date May 8, 2026
Copyright © 2026 Kanawha Valley 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.
HighLights
- 1.5‑story home/building with 3 bedrooms and 1.5 baths, 1,352 sq ft
- Being sold "As Is"; currently occupied as a restaurant and catering service
- Zoned H‑1; apply to city for special use permit for residential status (commercial conversion noted)
- Heating: forced air natural gas; cooling: central air (also electric); built in 1940
- Public utilities: public water and public sewer
- Construction and finishes include block and drywall; hardwood and vinyl flooring; composition shingle roof
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.3k | $15.00 |
| − Vacancy | −$852 | −$0.63 |
| EGI | $19.4k | $14.37 |
| − OpEx | −$4.9k | −$3.59 |
| NOI | $14.6k | $10.78 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- The Violet Kitchen — 218 Third Ave, St Albans, WV 25177
Location Insight
- Map
- Local Demand
- City
- Saint Albans
- County
- Kanawha
- State
- West Virginia
- Longitude
- -81.834282
- Latitude
- 38.388887
