Mixed-Use Brick
New
For Sale
$304,900
600 S OAKWOOD AVE., Beckley, WV 25801
Commercial Sale, BECKLEY, WV
Property Size5,270 SF
Lot Size0.34 Acres
Price / SF$57.86
Days on Market1
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
Amenities
fireplaces
hardwood floors
tall ceilings
period woodwork
wood bar
commercial-grade kitchen
basement
third-floor apartment
Building Details
Year built
1924
Listing Agency:
ARMES REAL ESTATE & LAND COMPANY INC.
(304) 890-2388
Listed By:
Lisa Armes · License #WVB230300912
(681) 238-5495
Added: Sep 14
Last Checked: Sep 14 at 8:06PM
MLS# 95522
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 mixed-use property contains 5,270 square feet on a 0.338-acre parcel. The main residence includes multiple dining and gathering rooms, fireplaces, hardwood floors, tall ceilings, period woodwork, a wood bar, and a commercial-grade kitchen with stainless steel equipment, prep areas, ovens, and refrigeration. Basement improvements include delivery access, a bakery and prep area, mixers, ovens, and storage. The third floor provides three rooms and a full bath that can function as additional living or work space.
An optional detached carriage house adds a room, bathroom, HVAC, and a new roof. The structure has previously served as a distillery and can provide storage, workshop, studio, or redevelopment space. The property has also operated as a restaurant and includes features suited to restaurant, lodging, event, office, or residential use, as supported by its existing configuration.
An optional detached carriage house adds a room, bathroom, HVAC, and a new roof. The structure has previously served as a distillery and can provide storage, workshop, studio, or redevelopment space. The property has also operated as a restaurant and includes features suited to restaurant, lodging, event, office, or residential use, as supported by its existing configuration.
Key Highlights
- 5,270‑square‑foot mixed‑use property on a 0.338‑acre parcel
- Three‑story brick main building with fireplaces, hardwood floors, tall ceilings, and period woodwork
- Commercial‑grade kitchen with stainless steel equipment, ovens, refrigeration, and prep areas
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
8.65%
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 16.42%
Second Best
Mixed Use
$508.2K
$444.7K – $592.9K
NOI $35,573 @ 7.0% cap · market cap 11.67%
Theoretical Best
Multifamily LT 5
$3.11M
$2.72M – $3.62M
NOI $217,365 @ 7.0% cap · market cap 71.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story brick property with a commercial kitchen, dining areas, apartment space, and an optional detached carriage house.
Where is this mixed-use property located?
The property is located at 600 S OAKWOOD AVE. Beckley, WV.
What is the asking price?
The asking price for this property is $304,900.
What are key features of this property?
This property features: 5,270‑square‑foot mixed‑use property on a 0.338‑acre parcel; Three‑story brick main building with fireplaces, hardwood floors, tall ceilings, and period woodwork; Commercial‑grade kitchen with stainless steel equipment, ovens, refrigeration, and prep areas
