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    Davis WV Mixed-Use Commercial Property Title is generated by Realmo AI

    437 William Avenue, Davis, WV 26260

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    For Sale
    $895,000

    Mixed Use - Davis, WV

    Type:Mixed Use
    Property size:
    13,147 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $68/SF
    Added:
    May 21, 2026
    Days on Market:
    1
    Last Refresh:
    May 21 at 9:06 pm

    Property Features for 437 William Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Zoning
    General Commercial
    Parking features
    Off Street, Paved or Surfaced
    Interior features
    9ft+ Ceiling, frieght Elevator
    Exterior features
    Door Signage
    Accessibility
    Accessible Elevator Installed
    Appliances
    Range, Refrigerator
    Standard status
    Active
    Size
    13,147 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    0

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    8
    Flooring type
    Concrete, Wood
    Building materials
    Frame
    Roof type
    Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    JARROD HARPER
    JARROD HARPER

    Listing agent JARROD HARPER License #WVS210301747

    Listing office REAL BROKER, LLC 232 Capitol Street, Charleston, WV

    Listing date May 21, 2026

    MLS# 10164970 Listing URL

    Copyright © 2026 North Central West Virginia Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 13,147 sq ft mixed‑use commercial building in the heart of Davis, WV.
    • Immediate income potential from existing long‑term and short‑term residential rentals.
    • Main level available for owner occupancy, providing flexibility for a new business or additional rental income.
    • Rare opportunity due to the building's size and unique character.
    • Features include 9ft+ ceilings, a freight elevator, and accessible elevator installation.
    • Includes off‑street parking and door signage.

    Overview

    This mixed-use commercial property is located in Davis, WV. The building has 13,147 square feet of space, including the basement. The second level features two long-term residential rentals with active leases, as well as one short-term rental, with the potential to add more units. The main level is currently owner-occupied and will be available upon closing, offering flexibility for a new owner to establish their own business or generate additional rental income. The property is suitable for investors looking to expand their portfolio or entrepreneurs seeking to establish a business. The property is zoned for general commercial use and sits on a 0.13-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Davis
    County
    Tucker
    State
    West Virginia
    Longitude
    -79.467773
    Latitude
    39.128101

    Nearby Similar for Sale

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    • $80,000

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    FAQs

    What type of property is this?
    Mixed-use property - Large mixed-use commercial property in the heart of Davis, WV.
    Where is this mixed-use property located?
    The property is located at 437 William Avenue Davis, WV.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: Large 13,147 sq ft mixed‑use commercial building in the heart of Davis, WV.; Immediate income potential from existing long‑term and short‑term residential rentals.; Main level available for owner occupancy, providing flexibility for a new business or additional rental income.
    (301) 697-3859
    We can help!
    Listing Contact
    JARROD HARPER
    JARROD HARPER
    Real Estate License ID: WVS210301747
    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.

    More about this property
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