Building Details

Year built 1955

Listing Agency: EXIT ELEVATION REALTY Show Phone

Listed By: Jessica Acord Show Phone

Added: Jan 21 Changed: Aug 4 Last Checked: Aug 20 at 11:06PM

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MLS# 93451

Copyright © 2026 Beckley 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.

Investment Insights

Based on property information with market context.

This for-sale flex facility is built around a power-sports parts and service operation, including a retail store, a manufacturing/service area and warehouse, and a separate office. The property also includes interior garage bays, an exterior storage bay, and specialized servicing and manufacturing equipment, along with ATV lifts, a car lift, and multiple tire racks.

Improvements over time include expansions and renovations from 1954 through 2017, with major additions in 1968 and 1998–1999 and updates most recently in 2017. Renovations cited include second-story additions and updates such as concrete floors, rebar and reinforced block, a new metal roof, vinyl siding, and HVAC.

In addition to the commercial space, the property includes an on-site 3-bedroom, 2-bath residence with a private entry. The sale includes fixtures, equipment, and additional items specified in the offering, and the current owner is offering vendor transition assistance for the handover.

Key Highlights

• Major Business Opportunity: Power Sports Parts and Service Business with over $1 million in included inventory.
• Extensive Retail & Industrial Space: Includes a 3,200+ sq. ft. retail store, a 6,500+ sq. ft. manufacturing/service area and warehouse, and a 530 sq. ft. office.
• Fully Equipped: Features 4 interior garage bays, 1 exterior storage bay, multiple ATV lifts, 1 car lift, specialized servicing and manufacturing equipment, and 30+ tire racks.

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$79,036

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

8.90%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,580,720 $1.6M

Cap Rate 7%

$1,129,086 $1.1M

Cap Rate 9%

$878,178 $878.2K

Market Conditions

NOI Build-Up for 13,000 SF 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.

Gross rent

$101.4K $7.80/SF

− Vacancy

−$8.4K −$0.65/SF

EGI

$93.0K $7.15/SF

− OpEx

−$13.9K −$1.07/SF

NOI

$79.0K $6.08/SF

Area

Raleigh County, WV

Vacancy

8.30%

Lease Rate

$7.80 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,580,720

Cap Rate 7%

$1,129,086

Cap Rate 9%

$878,178

Alternative Uses

Best Use

Flex RnD

$1.33M

$1.16M – $1.55M (±1% cap)

NOI $93,161 @ 7.0% cap · market cap 10.49%

Second Best

Warehouse

$1.13M

$988.0K – $1.32M (±1% cap)

NOI $79,036 @ 7.0% cap · market cap 8.90%

Theoretical Best

Multifamily LT 5

$7.66M

$6.70M – $8.94M (±1% cap)

NOI $536,195 @ 7.0% cap · market cap 60.38%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Flex space

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

100

Businesses Nearby

Explore this area Business Placement

Demographics for 25921, WV

2,663

Population

1,412

Households

1.9

Avg Household Size

44

Median Age

12%

College-Educated

76%

High-School Grad

12.8 sq mi

ZIP Area

208

Density / Sq Mi

$34,184

Median Household Income

$28,047

Median Earnings

$814

Median Rent

$99,600

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Flex space - Flex facility for sale with retail, manufacturing/service area, office, and multiple garage bays plus on-site residence.

Where is this flex space located?

The property is located at 501 W Main Street Sophia, WV.

What is the asking price?

The asking price for this property is $888,000.

What are key features of this property?

This property features: Major Business Opportunity: Power Sports Parts and Service Business with over $1 million in included inventory.; Extensive Retail & Industrial Space: Includes a 3,200+ sq. ft. retail store, a 6,500+ sq. ft. manufacturing/service area and warehouse, and a 530 sq. ft. office.; Fully Equipped: Features 4 interior garage bays, 1 exterior storage bay, multiple ATV lifts, 1 car lift, specialized servicing and manufacturing equipment, and 30+ tire racks.