Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Beckley Medical Arts Office Space Title is generated by Realmo AI

    2401 South Kanawha Street, Beckley, WV 25801

    View on Map
    Claim this Listing
    For Lease
    $845/Mo $0.58 SF/Yr (calc)

    Prime office space in established medical/professional center.

    Type:Commercial/Industrial
    Property size:
    17,503 SF
    Added:
    Apr 27, 2025
    Days on Market:
    399
    Last Refresh:
    May 28 at 9:51 pm

    Property Features for 2401 South Kanawha Street

    General Information

    Standard status
    Active
    Size
    17,503 SF
    Property subtype
    Commercial/Industrial

    We can help!

    Listing Contact
    Lisa Armes

    Listing agent Lisa Armes License #WVB230300912

    Listing office ARMES REAL ESTATE & LAND COMPANY INC.

    Listing date Apr 27, 2025

    Source Exitrealty

    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 ARMES REAL ESTATE & LAND COMPANY INC.

    HighLights

    • Prime location off the interstate and across from Black Knight Country Club, offering excellent visibility and easy access.
    • Located in the established Beckley Medical Arts Building, fostering a thriving professional community.
    • Ideal suite layout with a private waiting room, reception area, three offices, and two bathrooms.
    • Ample parking available for both staff and clients.
    • Excellent synergy for referrals due to the busy, established medical/professional center.
    • Floor plan available for review.

    Overview

    Located just off the interstate and directly across from Black Knight Country Club, this office space offers excellent visibility, easy access, and ample parking. The property is situated in the well-established Beckley Medical Arts Building, surrounded by medical professionals in a thriving professional community. Suite 102 features a private waiting room with a reception area, three offices, and two bathrooms. It is located in the left wing, near the end of the hallway on the right-hand side. The property is ideal for medical, therapy, or professional services. A floor plan is available. The building is a busy, established medical and professional center, offering excellent synergy for referrals. The tenant is responsible for utilities, and past electric bills are available upon request. The building provides ample parking for staff and clients. The property size is 17503 square feet.
    Location Intelligence

    Current Use by Public Records

    Renew Vitality Testosterone ... Physician Halo Branded Solutions Marketing & Advertising Mohammad Ali Farid, ... Dental Office Raleigh Lung Clinic ... Medical Clinic Dy Johnny MD Physician

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Beckley
    County
    Raleigh
    State
    West Virginia
    Longitude
    -81.160609
    Latitude
    37.7660734

    Nearby Similar for Lease

    • $4,500/Mo
      8,750 SF

      Beckley Office/Industrial Building For Rent

      Large office/industrial building with multiple features available for rent.
      119 119 Appalachian Drive, Beckley, WV 25801
      View Details
    • Contact for pricing
      8,580 SF

      Retail and Warehouse Space Available

      Retail and warehouse spaces with high visibility and easy access.
      N Eisenhower Dr, Beckley, WV 25801
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Prime office space in established medical/professional center.
    Where is this medical office space located?
    The property is located at 2401 South Kanawha Street Beckley, WV.
    What is the lease rate?
    The lease rate is $845 /Mo.
    What are key features of this property?
    This property features: Prime location off the interstate and across from Black Knight Country Club, offering excellent visibility and easy access.; Located in the established Beckley Medical Arts Building, fostering a thriving professional community.; Ideal suite layout with a private waiting room, reception area, three offices, and two bathrooms.
    (304) 890-2388
    We can help!
    Listing Contact
    Lisa Armes
    Real Estate License ID: WVB230300912
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2401 South Kanawha Street, Beckley, WV 25801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!