2335 Chesterfield Ave, Charleston, WV
Office building with existing cash flow, approximately 40,000 SF.
- Added:
- Oct 21, 2024
- Days on Market:
- 609
- Last Refresh:
- May 19 at 8:39 pm
Property Features for 2335 Chesterfield Ave
General Information
- Standard status
- Active
- Size
- 40,000 SF
- Lot size
- 2.63 Acres
- Property subtype
- OFFICE
Listing agent Quintie Smith
Listing office Realcorp, LLC (304) 925-7000
Listing date Oct 21, 2024
Source Moodyscre
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 Realcorp, LLC
HighLights
- Existing cash flows in place
- Opportunity for an occupant
- Property size of approximately 10,000 SF
- Purchase opportunity
Overview
Local Financial Insights For Office B
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 | $720.0k | $18.00 |
| − Vacancy | −$158.4k | −$3.96 |
| EGI | $561.6k | $14.04 |
| − OpEx | −$140.4k | −$3.51 |
| NOI | $421.2k | $10.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Charleston
- County
- Kanawha
- State
- West Virginia
- Longitude
- -81.6156
- Latitude
- 38.3308
