Building Details

Building Size 8,320 SF

Listed By: Grant Fitzgerald · License #License(s): DC: SP98372096, OH: BRKM.2020004453, FL: SL3425695, KY: 286261, WV: WVA260040460 Show Phone

Source: Marcusmillichap

Added: Aug 30 Changed: Oct 10 Last Checked: Oct 19 at 3:21AM

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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 Grant Fitzgerald

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Investment Insights

Based on property information with market context.

This Family Dollar convenience-store property contains 8,320 square feet and is offered for sale. The asset is located at 284 Midway Rd in Alum Creek, West Virginia 25003.

Key Highlights

• Family Dollar convenience‑store asset
• 8,320 square feet of property size
• 284 Midway Rd, Alum Creek, WV 25003

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$80,343

Cap Rate

8.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,606,860 $1.6M

Cap Rate 7%

$1,147,757 $1.1M

Cap Rate 9%

$892,700 $892.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,320 SF

Gross rent

$119.8K $14.40/SF

− Vacancy

−$5.0K −$0.60/SF

EGI

$114.8K $13.80/SF

− OpEx

−$34.4K −$4.14/SF

NOI

$80.3K $9.66/SF

Area

Kanawha County, WV

Vacancy

4.20%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,606,860

Cap Rate 7%

$1,147,757

Cap Rate 9%

$892,700

Alternative Uses

Best Use

Specialty Retail

$1.28M

$1.12M – $1.49M (±1% cap)

NOI $89,669 @ 7.0% cap · market cap 9.32%

Second Best

Retail

$1.15M

$1.00M – $1.34M (±1% cap)

NOI $80,343 @ 7.0% cap · market cap 8.35%

Theoretical Best

Office A

$1.83M

$1.61M – $2.14M (±1% cap)

NOI $128,434 @ 7.0% cap · market cap 13.35%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Family Dollar Discount Store

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Food Market Law Firm Discount Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

34

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 25003, WV

2,272

Population

943

Households

2.4

Avg Household Size

45

Median Age

18%

College-Educated

89%

High-School Grad

37.2 sq mi

ZIP Area

61

Density / Sq Mi

$61,031

Median Household Income

$41,032

Median Earnings

$738

Median Rent

$106,200

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Convenience-store property offered for sale in Alum Creek, West Virginia.

Where is this grocery and convenience store located?

The property is located at 284 Midway Rd Alum Creek, WV.

What is the asking price?

The asking price for this property is $962,162.

What are key features of this property?

This property features: Family Dollar convenience‑store asset; 8,320 square feet of property size; 284 Midway Rd, Alum Creek, WV 25003