Historic Brick Restaurant
For Sale
$289,900
600 S OAKWOOD AVE., Beckley, WV 25801
COMMERCIAL - BECKLEY, WV
Property Size5,270 SF
Lot Size0.34 Acres
Price / SF$55.01
Days on Market347
Property Features for 600 S OAKWOOD AVE.
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Area 1
Standard status
Active
Size
5,270 SF
Lot size
0.34 Acres
Building Details
Year built
1924
Listing Agency:
ARMES REAL ESTATE & LAND COMPANY INC.
(304) 890-2388
Listed By:
Lisa Armes · License #WVB230300912
(304) 890-2388
Added: Sep 8, 2025
Changed: Aug 4
Last Checked: Aug 20 at 7:06PM
MLS# 92632
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 three-story brick estate built in 1900 offers historic character with modern updates, with interiors featuring tall ceilings, fireplaces, and original hardwood floors and detailed woodwork. The property includes a wood bar with built-in shelving and seating, along with a full commercial-grade kitchen equipped with stainless steel appliances, prep areas, ovens, and refrigeration.
The first and second levels are designed for gatherings, with multiple formal rooms that can support dining and entertaining uses within the existing layout. The kitchen and bar combination provides versatility for restaurant-style operation or event hosting, depending on the intended concept.
With its distinctive historic architecture and built-in food service improvements, the building is suited to buyers seeking an existing hospitality-focused setup within a stately residence conversion.
The first and second levels are designed for gatherings, with multiple formal rooms that can support dining and entertaining uses within the existing layout. The kitchen and bar combination provides versatility for restaurant-style operation or event hosting, depending on the intended concept.
With its distinctive historic architecture and built-in food service improvements, the building is suited to buyers seeking an existing hospitality-focused setup within a stately residence conversion.
Key Highlights
- Historic 1900 Brick Estate: A distinguished and elegant home with over a century of history.
- Commercial‑Grade Kitchen & Bar: Equipped with stainless steel appliances, prep areas, ovens, and refrigeration, suitable for personal or commercial use.
- Versatile Living & Entertaining Spaces: Multiple formal rooms designed for both large and small gatherings.
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
$26,386
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
9.10%
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%
$527,720
$527.7K
Cap Rate 7%
$376,943
$376.9K
Cap Rate 9%
$293,178
$293.2K
Market Conditions
NOI Build-Up for 5,270 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
$41.1K $7.80/SF
− Vacancy
−$3.4K −$0.65/SF
EGI
$37.7K $7.15/SF
− OpEx
−$11.3K −$2.15/SF
NOI
$26.4K $5.01/SF
Area
Raleigh County, WV
Vacancy
8.30%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
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%
$527,720
Cap Rate 7%
$376,943
Cap Rate 9%
$293,178
Alternative Uses
Best Use
Specialty Retail
$715.3K
$625.9K – $834.5K
NOI $50,072 @ 7.0% cap · market cap 17.27%
Second Best
Industrial
$376.9K
$329.8K – $439.8K
NOI $26,386 @ 7.0% cap · market cap 9.10%
Theoretical Best
Multifamily LT 5
$3.11M
$2.72M – $3.62M
NOI $217,365 @ 7.0% cap · market cap 74.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
62k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Dining 28%
Electronics 2%
Home Improvements & Furnishings 1%
Sheetz
Shops & Services
19,571 visits/mo
0.3 miles
McDonald's
Dining
17,392 visits/mo
0.4 miles
BP
Shops & Services
9,607 visits/mo
0.2 miles
Dollar General
Shops & Services
6,483 visits/mo
0.5 miles
GoMart
Shops & Services
4,354 visits/mo
0.3 miles
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 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?
Commercial kitchen - Three-story brick estate includes a commercial-grade kitchen and a wood bar with seating for hosting.
Where is this commercial kitchen located?
The property is located at 600 S OAKWOOD AVE. Beckley, WV.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Historic 1900 Brick Estate: A distinguished and elegant home with over a century of history.; Commercial‑Grade Kitchen & Bar: Equipped with stainless steel appliances, prep areas, ovens, and refrigeration, suitable for personal or commercial use.; Versatile Living & Entertaining Spaces: Multiple formal rooms designed for both large and small gatherings.
