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    Versatile Commercial Property in Huntington Title is generated by Realmo AI

    303-305 3rd Ave, Huntington, WV 25701

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    Claim this Listing
    For Sale
    $220,000

    COMMERCIAL - Huntington, WV

    Property size:
    3,672 SF
    Lot size:
    0.32 Acres
    Price / SF:
    $59/SF
    Added:
    Jan 3, 2025
    Days on Market:
    508
    Last Refresh:
    May 26 at 5:06 pm

    Property Features for 303-305 3rd Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Fencing
    Chain Link, Gate
    Standard status
    Active
    APN
    90,91,92
    Size
    3,672 SF
    Lot size
    0.32 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump

    Building Details

    Year built
    1900
    Building materials
    Metal, Frame
    Roof type
    Shingle, Metal

    We can help!

    Listing Contact
    Shane Radcliff
    Shane Radcliff

    Listing agent Shane Radcliff

    Listing office Century 21 Excellence Realty 4 Stonecrest Drive, HUNTINGTON, WV

    Listing date Jan 3, 2025

    MLS# 180318

    Copyright © 2026 Huntington 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.

    HighLights

    • Versatile commercial property with 3,672 sq ft of space, including a metal warehouse and converted office space.
    • Highly visible corner lot location.
    • Ample off‑street gated parking.
    • Potential for expansion or additional storage on vacant section of property.
    • Combination of warehouse and office space ideal for businesses needing both production and administrative areas.
    • Well‑maintained kitchenette, full and half bathrooms.

    Overview

    This commercial property is located on a highly visible corner lot and includes a metal warehouse and a home converted into office space. The property offers 3,672 square feet of space and is suited for a variety of businesses. It features a well-maintained kitchenette, full and half bathrooms, and ample off-street gated parking. A vacant section of the 0.32-acre property offers potential for expansion or storage. The combination of warehouse and office space provides a unique opportunity for businesses needing both production and administrative areas. The property is located in Huntington, WV.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Firehouse Subs Marshall University — 1548 3rd Ave, Huntington, WV 25701
    • Vandalia Crowd House — 833 3rd Ave Rear, Huntington, WV 25701

    Location Insight

    • Map
    • Local Demand
    City
    Huntington
    County
    Wayne
    State
    West Virginia
    Longitude
    -82.453989
    Latitude
    38.419969

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    FAQs

    What type of property is this?
    Flex space - Commercial property with warehouse and office space on corner lot.
    Where is this flex space located?
    The property is located at 303-305 3rd Ave Huntington, WV.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: Versatile commercial property with 3,672 sq ft of space, including a metal warehouse and converted office space.; **Highly visible corner lot location.**; Ample off‑street gated parking.
    (304) 634-5993
    We can help!
    Listing Contact
    Shane Radcliff
    Shane Radcliff
    Request Owner's contact information
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    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.

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