Mixed-Use Property with
For Sale
$349,000
229 E Main St, Bridgeport, WV 26330
Commercial space and a two-bedroom apartment share one building.
Property Size3,000 SF
Price / SF$116.33
Days on Market14
Property Features for 229 E Main St
General Information
Standard status
Active
Size
3,000 SF
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,495
Building Details
Buildings
1
Listing Agency:
LANDMARK REALTY SERVICES OF WV, INC
(304) 677-4926
Listed By:
Sarah Elliott · License #WV0029393
(304) 677-4926
Source:
Exprealty
Added: Aug 6
Changed: Aug 19
Last Checked: Aug 19 at 2:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LANDMARK REALTY SERVICES OF WV, INC
Investment Insights
Based on property information with market context.
This mixed-use property combines a main-level commercial space with an upstairs residential apartment. The commercial area includes approximately 1,500 square feet with a reception area, two private rooms, an open work area, kitchen, and full bathroom. Laminate flooring extends throughout, and existing plumbing connections reflect the space’s previous hair salon use.
The upstairs 2BR apartment includes an eat-in kitchen and may provide separate residential occupancy within the property. Full stairs lead to the attic for storage, while original woodwork and built-in features add character. The building is located in downtown Bridgeport on E Main St.
The upstairs 2BR apartment includes an eat-in kitchen and may provide separate residential occupancy within the property. Full stairs lead to the attic for storage, while original woodwork and built-in features add character. The building is located in downtown Bridgeport on E Main St.
Key Highlights
- Approximately 1,500 square feet of main‑level commercial space
- Commercial layout includes reception, 2 private rooms, open work area, kitchen, and full bathroom
- Existing plumbing connections from previous hair salon use
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
$21,803
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
6.25%
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%
$436,060
$436.1K
Cap Rate 7%
$311,471
$311.5K
Cap Rate 9%
$242,256
$242.3K
Market Conditions
NOI Build-Up for 3,000 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
$34.2K $11.40/SF
− Vacancy
−$5.1K −$1.71/SF
EGI
$29.1K $9.69/SF
− OpEx
−$7.3K −$2.42/SF
NOI
$21.8K $7.27/SF
Area
Harrison County, WV
Vacancy
15.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
25.00%
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%
$436,060
Cap Rate 7%
$311,471
Cap Rate 9%
$242,256
Alternative Uses
Best Use
Office B
$311.5K
$272.5K – $363.4K
NOI $21,803 @ 7.0% cap · market cap 6.25%
Second Best
Mixed Use
$303.8K
$265.8K – $354.4K
NOI $21,263 @ 7.0% cap · market cap 6.09%
Theoretical Best
Specialty Retail
$593.6K
$519.4K – $692.5K
NOI $41,551 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Explore this area
Business Placement
Demographics for 26330, WV
15,887
Population
6,912
Households
2.3
Avg Household Size
43
Median Age
45%
College-Educated
95%
High-School Grad
70.7 sq mi
ZIP Area
225
Density / Sq Mi
$86,843
Median Household Income
$53,328
Median Earnings
$1,101
Median Rent
$260,900
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?
Mixed-use property - Commercial space and a two-bedroom apartment share one building.
Where is this mixed-use property located?
The property is located at 229 E Main St Bridgeport, WV.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Approximately 1,500 square feet of main‑level commercial space; Commercial layout includes reception, 2 private rooms, open work area, kitchen, and full bathroom; Existing plumbing connections from previous hair salon use
