Mixed-Use Property with
For Sale
$99,900
2986 ROBERT C BYRD DRIVE, Beckley, WV 25801
Commercial Sale, BECKLEY, WV
Property Size948 SF
Lot Size0.17 Acres
Price / SF$105.38
Days on Market137
Property Features for 2986 ROBERT C BYRD DRIVE
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Area 1
Standard status
Active
Size
948 SF
Lot size
0.17 Acres
Amenities
full unfinished basement with garage door
Building Details
Year built
1945
Listing Agency:
OLD COLONY REALTORS
(304) 255-6555
Listed By:
Ashley Staples
(304) 923-3790
Added: Apr 22
Changed: Aug 27
Last Checked: Sep 5 at 5:06PM
MLS# 94783
Copyright © 2026 Beckley 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.
Investment Insights
Based on property information with market context.
This 948-square-foot mixed-use property was built in 1945 and is positioned for commercial or residential use. The building includes a full unfinished basement with a garage door, providing additional storage or work area. The property is being sold as-is.
Parking is arranged across paved space at the front and a gravel area behind the building, with rear capacity for more than 10 vehicles. Located on Robert C Byrd Drive in Beckley, the property offers access to area hospitals, shopping, and other amenities. The 0.17-acre parcel combines an existing building with supporting parking and basement space.
Parking is arranged across paved space at the front and a gravel area behind the building, with rear capacity for more than 10 vehicles. Located on Robert C Byrd Drive in Beckley, the property offers access to area hospitals, shopping, and other amenities. The 0.17-acre parcel combines an existing building with supporting parking and basement space.
Key Highlights
- 948 square feet on a 0.17‑acre parcel
- Zoned for both commercial and residential use
- Full unfinished basement with garage door
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
$9,128
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
9.14%
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%
$182,560
$182.6K
Cap Rate 7%
$130,400
$130.4K
Cap Rate 9%
$101,422
$101.4K
Market Conditions
NOI Build-Up for 948 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
$14.2K $15.00/SF
− Vacancy
−$1.2K −$1.25/SF
EGI
$13.0K $13.76/SF
− OpEx
−$3.9K −$4.13/SF
NOI
$9.1K $9.63/SF
Area
Raleigh County, WV
Vacancy
8.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$182,560
Cap Rate 7%
$130,400
Cap Rate 9%
$101,422
Alternative Uses
Best Use
Retail
$130.4K
$114.1K – $152.1K
NOI $9,128 @ 7.0% cap · market cap 9.14%
Second Best
Mixed Use
$91.4K
$80.0K – $106.7K
NOI $6,399 @ 7.0% cap · market cap 6.41%
Theoretical Best
Multifamily LT 5
$558.6K
$488.8K – $651.7K
NOI $39,101 @ 7.0% cap · market cap 39.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,109
Businesses Nearby
81k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 45%
Electronics 1%
Home Improvements & Furnishings 1%
Sheetz
Shops & Services
19,571 visits/mo
0.3 miles
McDonald's
Dining
17,392 visits/mo
0.2 miles
BP
Shops & Services
9,607 visits/mo
0.5 miles
Little Caesars Pizza
Dining
9,532 visits/mo
0.3 miles
KFC
Dining
9,357 visits/mo
0.1 miles
Demographics for 25801, WV
31,369
Population
15,185
Households
2.1
Avg Household Size
43
Median Age
23%
College-Educated
88%
High-School Grad
99.1 sq mi
ZIP Area
317
Density / Sq Mi
$49,370
Median Household Income
$35,314
Median Earnings
$842
Median Rent
$151,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and residential zoning supports multiple occupancy configurations along Robert C Byrd Drive.
Where is this mixed-use property located?
The property is located at 2986 ROBERT C BYRD DRIVE Beckley, WV.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: 948 square feet on a 0.17‑acre parcel; Zoned for both commercial and residential use; Full unfinished basement with garage door
