353 RAGLAND RD, Beckley, WV 25801

Building Details

Year built 1983 More

Listing Agency: Zaferatos Real Estate Show Phone

Listed By: Justin & Amy Fairchild · License #WV0028561 Show Phone

Added: Sep 2, 2025 Changed: Oct 22 Last Checked: Nov 7 at 12:06PM

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MLS# 92592

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.

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Investment Insights

Based on property information with market context.

This office property contains 7,595 square feet of commercial space arranged with 20 private offices, multiple large conference rooms, and spacious common areas. Constructed in 1983, the building offers an established professional setting with room for users to configure shared space around their operational needs.

The property occupies a level 2.16-acre parcel at 353 Ragland Rd in Beckley, West Virginia. Expansive parking serves staff and clients, while a cleared side lot contributes additional usable site area. The property is positioned near the Beckley retail corridor, with shopping, restaurants, and professional services in the surrounding commercial area.

Key Highlights

• 7,595 square feet of office space
• 20 private offices and multiple large conference rooms
• Level 2.16‑acre commercial parcel

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$82,026

Cap Rate

5.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,640,520 $1.6M

Cap Rate 7%

$1,171,800 $1.2M

Cap Rate 9%

$911,400 $911.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,595 SF

Gross rent

$136.7K $18.00/SF

− Vacancy

−$27.3K −$3.60/SF

EGI

$109.4K $14.40/SF

− OpEx

−$27.3K −$3.60/SF

NOI

$82.0K $10.80/SF

Area

Raleigh County, WV

Vacancy

20.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,640,520

Cap Rate 7%

$1,171,800

Cap Rate 9%

$911,400

Alternative Uses

Best Use

Office B

$1.17M

$1.03M – $1.37M (±1% cap)

NOI $82,026 @ 7.0% cap · market cap 5.47%

Second Best

Healthcare Medical

$1.01M

$887.1K – $1.18M (±1% cap)

NOI $70,966 @ 7.0% cap · market cap 4.73%

Theoretical Best

Multifamily LT 5

$4.48M

$3.92M – $5.22M (±1% cap)

NOI $313,262 @ 7.0% cap · market cap 20.89%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

BPM Enterprises, LLC Corporate Office BPM Group Training Center

Suggested Use

Top Pick Real Estate Agency Grocery & Convenience Store (Bike/Boat/Book/etc) Store Veterinary Clinic Florist Accounting Firm

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

551

Businesses Nearby

Explore this area Business Placement

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

Average Price Trend$/SF for Office buildings in Raleigh County, WV

$83.66 Jul

$93.96 Aug

$85.33 Sep

$79.77 Oct

Properties on Market for Office buildings in Raleigh County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Includes multiple large conference rooms, shared areas, and parking on a level commercial site.

Where is this office building located?

The property is located at 353 RAGLAND RD Beckley, WV.

What is the asking price?

The asking price for this property is $1,499,900.

What are key features of this property?

This property features: 7,595 square feet of office space; 20 private offices and multiple large conference rooms; Level 2.16‑acre commercial parcel