Building Details

Year built 1955

Listing Agency: EXIT ELEVATION REALTY Show Phone

Listed By: Jessica Acord Show Phone

Added: Jan 21 Changed: Sep 6 Last Checked: Oct 6 at 10:06AM

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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 13,000-square-foot flex property at 501 W Main Street combines retail, industrial, service, warehouse, office, and residential components. The improvements include a 3,200+ square foot retail store, a 6,500+ square foot manufacturing, service, and warehouse area, plus a 530-square-foot office. Four interior garage bays, an exterior storage bay, ATV lifts, a car lift, tire racks, and specialized service and manufacturing equipment support power sports-related operations.

A separate 3BD/2BA residence has private entry and includes a living room, kitchen, den, dining area, and laundry. The building was constructed in 1955 and expanded or renovated through 2017, with documented work including second-story additions, reinforced concrete construction, a metal roof, vinyl siding, and HVAC improvements. Fixtures, equipment, ATVs, bikes, collectibles, and furniture are included with the property.

Key Highlights

• 13,000 SF flex property at 501 W Main Street, Sophia, WV 25921
• 3,200+ sq. ft. retail store and 6,500+ sq. ft. manufacturing/service and warehouse area
• 530 sq. ft. office with 4 interior garage bays and 1 exterior storage bay

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$79,036

Cap Rate

8.90%

Suggested Prices Based on Cap Rates

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

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 Rate 5%

$1,580,720

Cap Rate 7%

$1,129,086

Cap Rate 9%

$878,178

Alternative Uses

Best Use

Retail

$1.79M

$1.56M – $2.09M (±1% cap)

NOI $125,170 @ 7.0% cap · market cap 14.10%

Second Best

Flex RnD

$1.33M

$1.16M – $1.55M (±1% cap)

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

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - Combined retail, service, warehouse, office, and residential improvements support varied operating configurations.

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: 13,000 SF flex property at 501 W Main Street, Sophia, WV 25921; 3,200+ sq. ft. retail store and 6,500+ sq. ft. manufacturing/service and warehouse area; 530 sq. ft. office with 4 interior garage bays and 1 exterior storage bay