Two-Story Brick Building in
For Sale
$298,000
5708 Grand Central Ave, Vienna, WV 26105
Commercial investment opportunity with renovated lower level and upper apartment.
Property Size2,400 SF
Price / SF$124.17
Days on Market95
Property Features for 5708 Grand Central Ave
General Information
Standard status
Active
Size
2,400 SF
Taxes and HOA fees
Annual Taxes
$865
Listing Agency:
PMC Realty Services
(304) 485-8000
Listed By:
Cale Conley · License #WVS210301357
(304) 485-8000
Source:
Exprealty
Added: May 22
Changed: Aug 23
Last Checked: Aug 24 at 11:13AM
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 PMC Realty Services
Investment Insights
Based on property information with market context.
This two-story brick building is located in upper Vienna. The property includes a spacious upper-level apartment featuring 2 bedrooms and 1 bath, equipped with forced air heating and central AC. The lower level has been fully renovated, showcasing modern ceilings, stylish flooring, and fresh paint. The property has 86 feet of frontage on Grand Central Avenue. Separate utilities are available for both units. A new furnace and mini split system have been installed. The property size is 2400 square feet, offering potential for various commercial uses.
Key Highlights
- Prime upper Vienna location on Grand Central Avenue with 86 feet of frontage.
- Fully renovated lower level with modern ceilings, stylish flooring, and fresh paint.
- Two separate units: a commercial lower level and a 2‑bedroom, 1‑bath upper‑level apartment.
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
$13,446
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
4.51%
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%
$268,920
$268.9K
Cap Rate 7%
$192,086
$192.1K
Cap Rate 9%
$149,400
$149.4K
Market Conditions
NOI Build-Up for 2,400 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
$23.9K $9.96/SF
− Vacancy
−$2.4K −$1.00/SF
EGI
$21.5K $8.96/SF
− OpEx
−$8.1K −$3.36/SF
NOI
$13.4K $5.60/SF
Area
Wood County, WV
Vacancy
10.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
37.50%
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%
$268,920
Cap Rate 7%
$192,086
Cap Rate 9%
$149,400
Alternative Uses
Best Use
Mixed Use
$192.1K
$168.1K – $224.1K
NOI $13,446 @ 7.0% cap · market cap 4.51%
Second Best
Multifamily LT 5
$159.7K
$139.8K – $186.3K
NOI $11,180 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$661.6K
$578.9K – $771.8K
NOI $46,310 @ 7.0% cap · market cap 15.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Explore this area
Business Placement
Demographics for 26105, WV
12,247
Population
5,861
Households
2.1
Avg Household Size
45
Median Age
31%
College-Educated
97%
High-School Grad
11.9 sq mi
ZIP Area
1,029
Density / Sq Mi
$65,549
Median Household Income
$40,233
Median Earnings
$859
Median Rent
$162,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial investment opportunity with renovated lower level and upper apartment.
Where is this mixed-use property located?
The property is located at 5708 Grand Central Ave Vienna, WV.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: Prime upper Vienna location on Grand Central Avenue with 86 feet of frontage.; Fully renovated lower level with modern ceilings, stylish flooring, and fresh paint.; Two separate units: a commercial lower level and a 2‑bedroom, 1‑bath upper‑level apartment.
