Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    439 Main Street Rainelle, WV 25962

    View on Map
    Claim this Listing
    For Sale
    $225,000

    COMMERCIAL - Rainelle, WV

    Type:Retail
    Property size:
    3,041 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $73/SF
    Added:
    Apr 9, 2026
    Days on Market:
    28
    Last Refresh:
    May 6 at 12:06 pm

    Property Features for 439 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    Commercial
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Standard status
    Active
    APN
    187
    Size
    3,041 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    761

    Utilities

    Heating system
    Electric (Heating), Baseboard

    Building Details

    Year built
    1940
    Flooring type
    Vinyl, Laminate, Hardwood, Carpet
    Building materials
    Vinyl Siding, Brick
    Roof type
    Metal

    We can help!

    Listing Contact
    Jill Allman
    Jill Allman

    Listing agent Jill Allman

    Listing office Greenbrier Real Estate Service 1047 Washington Street E, Lewisburg, WV

    Listing date Apr 9, 2026

    MLS# 26-415

    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

    • Prime location steps from the future Meadow River Rail Trail trailhead, offering significant tourism and business potential.
    • Multi‑use building with existing retail/salon space and a spacious 3‑bedroom upper‑level living area suitable for owner occupancy or Airbnb.
    • Excellent visibility and adaptable layout ideal for various commercial ventures.
    • Newly improved outdoor space perfect for events, live entertainment, food trucks, and attracting both locals and tourists.
    • Versatile upper‑level layout with three bedrooms, including two with attached rooms, providing flexibility for living arrangements.
    • Building has potential to be easily converted back to a restaurant.

    Overview

    Rainelle Mixed-Use Commercial/Residential Opportunity

    Located in Rainelle, WV, this multi-use commercial and residential property is positioned near the future Meadow River Rail Trail trailhead. The building currently operates as a retail space and hair salon on the main level. The second floor features a living room, kitchen, dining area, full bath, and three bedrooms, two of which include attached rooms. The property has potential for owner occupancy or Airbnb income. The building's commercial potential extends to food service, retail, or businesses catering to outdoor enthusiasts. It is suitable for ventures such as outdoor gear, bike rentals, or RV and camping supply stores. The improved outdoor space is suited for events, live entertainment, food trucks, outdoor seating, and art or craft shows. The property has previously been used as a restaurant. The lot size is 0.17 acres and the property size is 3041 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Gym & Fitness Center Skin Care Clinic Big Box & Wholesale Store Hotel & Motel Cafe & Coffee Shop Grocery & Convenience Store Bakery

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

    Location Insight

    • Map
    • Local Demand
    City
    Rainelle
    County
    Greenbrier
    State
    West Virginia
    Longitude
    -80.747025
    Latitude
    37.994198

    Nearby Similar for Sale

    • $420,000
      12,000 SF

      Mixed-Use Building with Residential Apartments

      Three-level commercial and residential building with multiple income opportunities.
      771 Main St, Rainelle, WV 25962
      View Details
    • $93,500
      2,834 SF

      Former Restaurant in Rainelle, WV

      Former restaurant with potential in Rainelle, West Virginia.
      1100 Main Street, RAINELLE, WV 25962
      View Details
    • $98,000

      Historic Commercial Building in Rainelle

      5195 sq ft commercial building in Rainelle, West Virginia.
      506 Main Street, RAINELLE, WV 25962
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Multi-use building near future Meadow River Rail Trail trailhead.
    Where is this mixed-use property located?
    The property is located at 439 Main Street Rainelle, WV.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Prime location steps from the future Meadow River Rail Trail trailhead, offering significant tourism and business potential.; Multi‑use building with existing retail/salon space and a spacious 3‑bedroom upper‑level living area suitable for owner occupancy or Airbnb.; Excellent visibility and adaptable layout ideal for various commercial ventures.
    (304) 645-2255
    We can help!
    Listing Contact
    Jill Allman
    Jill Allman
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    439 Main Street, Rainelle, WV 25962
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!