First-Floor Medical Office
433 Carriage Dr Beckley, WV 25801
For Sale
Contact for pricing
First-floor medical office condo leased under a triple net structure through 2035.
Property Size3,845 SF
Price / SF$286.09
Days on Market122
Property Features for 433 Carriage Dr
General Information
- Standard status
- Active
- Size
- 3,845 SF
- Property subtype
- Office
Listing Agency:
MECA Commercial Real Estate
(704) 975-6028
Listed By:
Bryce Estridge · License #NC 323951
Source:
Crexi
Added: Mar 25
Changed: Jul 23
Last Checked: Jul 23 at 8:32AM
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 MECA Commercial Real Estate
Investment Insights
Based on property information with market context.
This 3,845 SF first-floor medical office condo is available for sale as part of a triple net lease structure. The space is configured for medical use and is occupied by Mt. State Oral & Facial Surgery, which is committed through 2035.
The property is located at 433 Carriage Dr in Beckley, West Virginia. Mt. State Oral & Facial Surgery operates nine locations across West Virginia, Kentucky, and Virginia.
For investors, this condo is presented as a stable income asset with long-term tenant commitment through 2035.
The property is located at 433 Carriage Dr in Beckley, West Virginia. Mt. State Oral & Facial Surgery operates nine locations across West Virginia, Kentucky, and Virginia.
For investors, this condo is presented as a stable income asset with long-term tenant commitment through 2035.
Key Highlights
- 3,845 SF first‑floor medical office condo in Beckley, WV
- Leased under a triple net (NNN) structure through 2035
- Backed by Mt. State Oral & Facial Surgery, operating nine locations across WV, KY, and VA
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.2k | $18.00 |
| − Vacancy | −$13.8k | −$3.60 |
| EGI | $55.4k | $14.40 |
| − OpEx | −$13.8k | −$3.60 |
| NOI | $41.5k | $10.80 |
3,845 SF · lease $18.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$593.2K
$519.1K – $692.1K
NOI $41,526 @ 7.0% cap · market cap 3.78%
Second Best
Healthcare Medical
$513.2K
$449.1K – $598.8K
NOI $35,927 @ 7.0% cap · market cap 3.27%
Theoretical Best
Multifamily LT 5
$2.27M
$1.98M – $2.64M
NOI $158,590 @ 7.0% cap · market cap 14.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Godlewski Brett Z ...
Dental Office
John Brock
Dental Office
Dr. Lewis Gilbert
Dental Office
FAQs
What type of property is this?
Medical Office Space - First-floor medical office condo leased under a triple net structure through 2035.
Where is this medical office space located?
The property is located at 433 Carriage Dr Beckley, WV.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,845 SF first‑floor medical office condo in Beckley, WV; Leased under a triple net (NNN) structure through 2035; Backed by Mt. State Oral & Facial Surgery, operating nine locations across WV, KY, and VA
