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    Historic Restaurant and Guesthouse Opportunity Title is generated by Realmo AI

    454 William Avenue, Davis, WV 26260

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    For Sale
    $945,000

    MULTI_FAMILY - Davis, WV

    Property size:
    4,888 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $193/SF
    Added:
    Jun 23, 2025
    Days on Market:
    341
    Last Refresh:
    May 29 at 2:06 pm

    Property Features for 454 William Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Off Street
    Patio and Porch features
    Patio
    Interior features
    Gas Stove Connection, Electric Stove Connection, Washer Connection, Electric Dryer Connection, Icemaker Connection, Wet Bar, Beamed Ceilings, All Window Treatments, 9ft+ Ceiling
    Exterior features
    Patio, Storage Shed/Out Bldg, Landscaped, Outside Lighting, Double Thermo Windows, Private Yard
    Appliances
    Range, Wall Oven, Indoor Grill, Microwave, Dishwasher, Refrigerator, Freezer, Ice Machine, Dryer
    Standard status
    Active
    Size
    4,888 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LOTS 28 & 29; WILLIAM AVE
    Tax Annual Amount
    2664

    Utilities

    Heating system
    Natural Gas, Hot Water(Heating), Baseboard, Central
    Cooling system
    Electric, Central Air, Heat Pump, Ceiling Fan(s), Wall Unit(s), Attic Fan

    Building Details

    Year built
    1896
    Floors in Building
    2
    Number of units
    8
    Flooring type
    Tile - Ceramic, Concrete, Vinyl, Wood
    Building materials
    Frame
    Roof type
    Rubber
    Architectural style
    Historical, Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    LAIRD KNIGHT
    LAIRD KNIGHT

    Listing agent LAIRD KNIGHT

    Listing office EXP REALTY, LLC 6294 E Pea Ridge Road, Huntington, WV

    Listing date Jun 23, 2025

    MLS# 10160055 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

    • Turn‑key restaurant and guesthouse business opportunity in Davis, West Virginia.
    • Established business (Milo's) with significantly increased revenues over the last six years.
    • Recently remodeled and updated restaurant dining room and guesthouse rooms.
    • High capacity: Indoor seating for 65, outdoor seating for 55.
    • Located in a thriving outdoor recreation area with activities including mountain biking, skiing, climbing, and more.
    • Includes a fully equipped restaurant kitchen and 8 guesthouse rooms.

    Overview

    Located in the heart of Davis, West Virginia, this historic property offers a business opportunity. The property features Milo's Restaurant & Bar and Milo's Guesthouse, which includes eight guest rooms on the second floor. The restaurant's dining room and all guesthouse rooms have been remodeled and updated. The main indoor dining room and bar area can accommodate sixty-five patrons, while the outdoor courtyard provides seating for an additional fifty-five. The 4,888 square-foot property is situated on a 0.24-acre lot. The area is known for outdoor recreation, including mountain biking, skiing, climbing, whitewater activities, golf, hiking, birding, hunting, and fishing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Similar Places Nearby

    • Milo's Guesthouse — 454 William Ave, Davis, WV 26260
    • Cinnamon Fern Chalet — 441 northpoint way, Davis, WV 26260
    • The Davis Loft — Pendletonheim Cir Unit 26, Davis, WV 26260

    Map

    City
    Davis
    County
    Tucker
    State
    West Virginia
    Longitude
    -79.46585
    Latitude
    39.128867

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      Commercial Site in Davis, WV

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    FAQs

    What type of property is this?
    Bed & breakfast - Turn-key restaurant and guesthouse in the heart of Davis, WV.
    Where is this bed & breakfast located?
    The property is located at 454 William Avenue Davis, WV.
    What is the asking price?
    The asking price for this property is $945,000.
    What are key features of this property?
    This property features: Turn‑key restaurant and guesthouse business opportunity in Davis, West Virginia.; Established business (Milo's) with significantly increased revenues over the last six years.; Recently remodeled and updated restaurant dining room and guesthouse rooms.
    (304) 259-5533
    We can help!
    Listing Contact
    LAIRD KNIGHT
    LAIRD KNIGHT
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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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