Retail Property Former
For Sale
Contact for pricing
501 50th St SE, Charleston, WV
Retail property available, formerly operated as a barbershop.
Property Size1,729 SF
Lot Size0.08 Acres
Price / SF$202.43
Days on Market652
Property Features for 501 50th St SE
General Information
Standard status
Active
Size
1,729 SF
Lot size
0.08 Acres
Property subtype
RETAIL
Listing Agency:
Realcorp, LLC
(304) 840-1781
Listed By:
Quintie Smith
Source:
Moodyscre
Added: Oct 18, 2024
Changed: Jul 6
Last Checked: Jul 21 at 5:59AM
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 Realcorp, LLC
Investment Insights
Based on property information with market context.
This 1729-square-foot retail property is available for sale. The property was formerly operated as a barbershop.
Key Highlights
- Former barbershop
Financial Insights For Retail
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 | $24.9k | $14.40 |
| − Vacancy | −$1.0k | −$0.60 |
| EGI | $23.9k | $13.80 |
| − OpEx | −$7.2k | −$4.14 |
| NOI | $16.7k | $9.66 |
1,729 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$238.5K
$208.7K – $278.3K
NOI $16,696 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$381.3K
$333.6K – $444.8K
NOI $26,690 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property available, formerly operated as a barbershop.
Where is this retail space located?
The property is located at 501 50th St SE Charleston, WV.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Former barbershop
