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    Turnkey Assisted Living Facility Title is generated by Realmo AI

    408 Nicholas St, Rupert, WV 25984

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    For Sale
    $525,000

    COMMERCIAL - Rupert, WV

    Type:Office
    Property size:
    6,758 SF
    Lot size:
    0.64 Acres
    Price / SF:
    $77/SF
    Added:
    Sep 5, 2024
    Days on Market:
    619
    Last Refresh:
    May 16 at 2:06 pm

    Property Features for 408 Nicholas St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    Commercial
    Bathrooms
    7
    Rooms
    Bathroom 3, Bathroom 5, Bathroom 4, Bathroom 2, Bathroom 7, Bathroom 6, Bathroom 1
    Standard status
    Active
    APN
    86
    Size
    6,758 SF
    Lot size
    0.64 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating)

    Building Details

    Flooring type
    Laminate, Carpet
    Building materials
    Vinyl Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    W. Paul Grist

    Listing agent W. Paul Grist License #WV 0025221

    Listing office Grist Real Estate Associates, Inc 695 Jefferson St. S, Lewisburg, WV

    Listing date Sep 5, 2024

    MLS# 24-1126

    Copyright © 2026 Greenbrier 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.

    HighLights

    • Turnkey 24‑bed assisted living facility with established business opportunity in the Meadow River Valley region.
    • Includes a private live‑in apartment with original oak flooring, two bedrooms, and a bath.
    • Sale includes property, furnishings, equipment, and a large generator for the entire facility.
    • Spacious 6,758 sq ft facility with 15 bedrooms, 3 full baths, 3 half baths, kitchen, dining room, offices, and laundry facilities.
    • Features alarmed doors for resident security, front and back porches, and landscaped yard with old‑growth trees.
    • Conveniently located in Rupert, WV, with easy access to shopping, restaurants, and services in Rainelle and Lewisburg.

    Overview

    This three-story, 6,758 square foot assisted living facility in Rupert, WV, offers a turnkey business opportunity in the Meadow River Valley region. The property features 24 beds and a private live-in apartment. The main level, comprising 4,413 square feet, includes 12 bedrooms, administrative and nursing offices, a kitchen with a walk-in pantry, and a large dining room with wainscotting and a fireplace with a stone hearth. The upper level, with 698 square feet, contains a private apartment with original oak flooring, two carpeted bedrooms, and a bathroom with a shower. The 1,647 square foot lower level has resident bedrooms and baths, along with a laundry room equipped with two Whirlpool washers, and Roper and Crossley dryers. There are a total of 15 bedrooms, 4 full bathrooms, and 3 half bathrooms. The facility includes a living room with two ceiling fans, front and back porches, and alarmed doors. The kitchen is equipped with Crossley appliances, including a gas range, two refrigerators, an upright freezer, and a Hamilton Beach microwave oven, along with off-white cabinetry and laminate countertops with three stainless-steel sinks. The building features vinyl siding, a metal roof, and a concrete foundation. Heating is provided by electric baseboards, and cooling by window AC units. The 0.64-acre lot is attractively landscaped with old-growth trees and a backyard shed. The sale includes the property, furnishings, equipment, and a large generator for the entire facility. Shopping, restaurants, and services are available in Rainelle, 10 minutes away, or in Lewisburg, 20 minutes away.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Assisted living facilities

    Suggested Use

    Real Estate Agency Restaurant Big Box & Wholesale Store Hair Salon Building Supply Pharmacy Kitchen & Bath Showroom Food Market Accounting Firm Grocery & Convenience Store

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

    Similar Places Nearby

    • Western Greenbrier Senior Center — 1003 Greenbrier St, Rupert, WV 25984

    Location Insight

    • Map
    • Local Demand
    City
    Rupert
    County
    Greenbrier
    State
    West Virginia
    Longitude
    -80.69378
    Latitude
    37.963997

    Nearby Similar for Sale

    • $149,900

      Commercial Property on Route 60

      Versatile commercial property with road exposure and ample parking.
      202 Nicholas Street, Rupert, WV 25984
      View Details
    • $525,000
      6,758 SF

      Turnkey Assisted Living Facility

      24-bed assisted living home in Meadow River Valley region.
      408 Nicholas St, Rupert, WV 25984
      View Details

    FAQs

    What type of property is this?
    Assisted living facility - 24-bed assisted living home in Rupert, WV with live-in apartment.
    Where is this assisted living facility located?
    The property is located at 408 Nicholas St Rupert, WV.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Turnkey 24‑bed assisted living facility with established business opportunity in the Meadow River Valley region.; Includes a private live‑in apartment with original oak flooring, two bedrooms, and a bath.; Sale includes property, furnishings, equipment, and a large generator for the entire facility.
    (304) 645-5000
    We can help!
    Listing Contact
    W. Paul Grist
    Real Estate License ID: WV 0025221
    Learn More
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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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