First-Floor Medical Office
For Sale
Contact for pricing
433 Carriage Dr, Beckley, WV 25801
First-floor medical office condo leased under a triple net structure through 2035.
Property Size3,845 SF
Price / SF$286.09
Days on Market215
Property Features for 433 Carriage Dr
General Information
Standard status
Active
Size
3,845 SF
Property subtype
Office
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Building Details
Units
1
Tenancy
Single
Listing Agency:
MECA Commercial Real Estate
Listed By:
Bryce Estridge · License #NC 323951
(704) 975-6028
Source:
Crexi
Added: Mar 25
Changed: Oct 14
Last Checked: Oct 24 at 5:41PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$41,526
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$830,520
$830.5K
Cap Rate 7%
$593,229
$593.2K
Cap Rate 9%
$461,400
$461.4K
Market Conditions
NOI Build-Up for 3,845 SF
Gross rent
$69.2K $18.00/SF
− Vacancy
−$13.8K −$3.60/SF
EGI
$55.4K $14.40/SF
− OpEx
−$13.8K −$3.60/SF
NOI
$41.5K $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%
$830,520
Cap Rate 7%
$593,229
Cap Rate 9%
$461,400
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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
