Leased Retail Convenience
For Sale
Contact for pricing
Pending
524 CAMPBELLS CREEK DR, Charleston, WV 25306
Retail property with a recent lease renewal and a stated 5.75% cap rate, totaling 2,923 sq. ft.
Property Size2,923 SF
Days on Market131
Property Features for 524 CAMPBELLS CREEK DR
General Information
Standard status
Pending
Size
2,923 SF
Class
C
Total Parking Spaces
11
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$57,000
Additional Details
Cap Rate
5.75%
Building Details
Year Built
1981
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Real Capital Investments
Listed By:
Dylan O'Hara · License #698264
(918) 208-1565
Source:
Crexi
Added: Apr 30
Changed: Aug 28
Last Checked: Sep 7 at 4:53AM
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 Real Capital Investments
Investment Insights
Based on property information with market context.
This for-sale retail property was reported with a recent lease renewal and is described as a convenience-oriented retail asset. The offering is noted at a stated 5.75% cap rate and totals 2,923 square feet.
The property is located at 524 Campbells Creek Dr in Charleston, WV.
The available information focuses on the leased retail configuration and the cap rate/cost basis provided in the remarks. Additional details about unit layout, building features, or site improvements were not included with the listing information provided.
The property is located at 524 Campbells Creek Dr in Charleston, WV.
The available information focuses on the leased retail configuration and the cap rate/cost basis provided in the remarks. Additional details about unit layout, building features, or site improvements were not included with the listing information provided.
Key Highlights
- Retail property built in 1981
- Recent lease renewal
- Stated 5.75% cap rate
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
$31,503
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
3.18%
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%
$630,060
$630.1K
Cap Rate 7%
$450,043
$450.0K
Cap Rate 9%
$350,033
$350.0K
Market Conditions
NOI Build-Up for 2,923 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
$43.8K $15.00/SF
− Vacancy
−$1.8K −$0.63/SF
EGI
$42.0K $14.37/SF
− OpEx
−$10.5K −$3.59/SF
NOI
$31.5K $10.78/SF
Area
Kanawha County, WV
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$630,060
Cap Rate 7%
$450,043
Cap Rate 9%
$350,033
Alternative Uses
Best Use
Specialty Retail
$450.0K
$393.8K – $525.1K
NOI $31,503 @ 7.0% cap · market cap 3.18%
Second Best
Retail
$403.2K
$352.8K – $470.4K
NOI $28,226 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$644.6K
$564.0K – $752.0K
NOI $45,122 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
Business Placement
Demographics for 25306, WV
6,493
Population
3,503
Households
1.9
Avg Household Size
44
Median Age
26%
College-Educated
85%
High-School Grad
37.1 sq mi
ZIP Area
175
Density / Sq Mi
$62,454
Median Household Income
$42,752
Median Earnings
$1,311
Median Rent
$97,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Gas station - Retail property with a recent lease renewal and a stated 5.75% cap rate, totaling 2,923 sq. ft.
Where is this gas station located?
The property is located at 524 CAMPBELLS CREEK DR Charleston, WV.
What is the asking price?
The asking price for this property is $991,305.
What are key features of this property?
This property features: Retail property built in 1981; Recent lease renewal; Stated 5.75% cap rate
