Mixed-Use Warehouse
For Sale
$6,500,000
278 Virginia Avenue, Culloden, WV 25510
CommercialSale, Culloden, WV
Property Size83,642 SF
Lot Size9.30 Acres
Price / SF$77.71
Days on Market12
Property Features for 278 Virginia Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
C
Lot features
Five To Ten Acres
Directions
64W to Hurricane Exit. Right off exit onto Hurricane Creek, right on 34S, right on Lynn Street. left on Virginia Ave. Property is approximately 2 miles on the left,
Subdivision
Huntington-Culloden-Milton
Standard status
Active
APN
04-0230-0033-0000-0000
Lot size
9.30 Acres
Taxes and HOA fees
Tax Description
14.930 AC
Tax Annual Amount
28749
Legal Description
14.930 AC
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Building materials
Brick, MetalSiding
Roof type
Flat
Listing Agency:
Advantage Real Estate · Coldwell Banker Real Estate
(304) 562-7653
Listed By:
Eric Embree · License #0023874
(304) 419-1770
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 20 at 10:06PM
MLS# 285888
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.
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Investment Insights
Based on property information with market context.
A warehouse and office building of approximately 83,642 square feet occupies a 9.3-acre site at 278 Virginia Avenue in Culloden. Exterior construction includes brick and metal siding beneath a flat roof. The building has central air conditioning and electric forced-air heating.
Public water and public sewer serve the property. It is located near the new Culloden interchange.
Public water and public sewer serve the property. It is located near the new Culloden interchange.
Key Highlights
- Approximately 83,642 sq ft of warehouse and office space
- 9.3‑acre site at 278 Virginia Avenue in Culloden
- Located near the new Culloden interchange
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$516,837
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,336,740
$10.3M
Cap Rate 7%
$7,383,386
$7.4M
Cap Rate 9%
$5,742,633
$5.7M
Market Conditions
NOI Build-Up for 83,642 SF
Gross rent
$652.4K $7.80/SF
− Vacancy
−$44.4K −$0.53/SF
EGI
$608.0K $7.27/SF
− OpEx
−$91.2K −$1.09/SF
NOI
$516.8K $6.18/SF
Area
Cabell County, WV
Vacancy
6.80%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,336,740
Cap Rate 7%
$7,383,386
Cap Rate 9%
$5,742,633
Alternative Uses
Best Use
Mixed Use
$11.83M
$10.35M – $13.80M
NOI $828,056 @ 7.0% cap · market cap 12.74%
Second Best
Warehouse
$7.38M
$6.46M – $8.61M
NOI $516,837 @ 7.0% cap · market cap 7.95%
Theoretical Best
Multifamily LT 5
$50.69M
$44.35M – $59.14M
NOI $3,548,182 @ 7.0% cap · market cap 54.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
Explore this area
Business Placement
Demographics for 25510, WV
5,191
Population
2,261
Households
2.3
Avg Household Size
43
Median Age
32%
College-Educated
94%
High-School Grad
33.1 sq mi
ZIP Area
157
Density / Sq Mi
$78,382
Median Household Income
$46,814
Median Earnings
$861
Median Rent
$167,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The site pairs warehouse and office space with public water and sewer service.
Where is this mixed-use property located?
The property is located at 278 Virginia Avenue Culloden, WV.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Approximately 83,642 sq ft of warehouse and office space; 9.3‑acre site at 278 Virginia Avenue in Culloden; Located near the new Culloden interchange
