Office/Warehouse Building with Interstate
For Sale
Contact for pricing
Pending
568 Harper Park Dr, Beckley, WV 25801
Well-maintained office/warehouse with easy access to I-77.
Property Size1,950 SF
Days on Market111
Property Features for 568 Harper Park Dr
General Information
Standard status
Pending
Size
1,950 SF
Total Parking Spaces
2
Property subtype
Land
Building Details
Year Built
1987
Buildings
1
Listing Agency:
RE/MAX PLATINUM REALTY, LLC
Listed By:
Charles Eller · License #WV0028355
Source:
Crexi
Added: May 12
Changed: Aug 8
Last Checked: Jul 24 at 8:54AM
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 RE/MAX PLATINUM REALTY, LLC
Investment Insights
Based on property information with market context.
This 1950-square-foot commercial building, currently leased, presents an investment opportunity. The property features both office and warehouse space. The office area includes a conference room. The warehouse has two garage doors, abundant space, and a loft for additional storage. The building is well-maintained inside and out and offers easy access to interstate 77.
Key Highlights
- Easy access to Interstate 77
- Currently leased, providing immediate investment opportunity
- Well‑maintained inside and out
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
$11,855
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
8.78%
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%
$237,100
$237.1K
Cap Rate 7%
$169,357
$169.4K
Cap Rate 9%
$131,722
$131.7K
Market Conditions
NOI Build-Up for 1,950 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
$15.2K $7.80/SF
− Vacancy
−$1.3K −$0.65/SF
EGI
$13.9K $7.15/SF
− OpEx
−$2.1K −$1.07/SF
NOI
$11.9K $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%
$237,100
Cap Rate 7%
$169,357
Cap Rate 9%
$131,722
Alternative Uses
Best Use
Flex RnD
$199.6K
$174.7K – $232.9K
NOI $13,974 @ 7.0% cap · market cap 10.35%
Second Best
Warehouse
$169.4K
$148.2K – $197.6K
NOI $11,855 @ 7.0% cap · market cap 8.78%
Theoretical Best
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,429 @ 7.0% cap · market cap 59.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 25801, WV
31,369
Population
15,185
Households
2.1
Avg Household Size
43
Median Age
23%
College-Educated
88%
High-School Grad
99.1 sq mi
ZIP Area
317
Density / Sq Mi
$49,370
Median Household Income
$35,314
Median Earnings
$842
Median Rent
$151,000
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Flex space - Well-maintained office/warehouse with easy access to I-77.
Where is this flex space located?
The property is located at 568 Harper Park Dr Beckley, WV.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Easy access to Interstate 77; Currently leased, providing immediate investment opportunity; Well‑maintained inside and out
