Listing Agency: RE/MAX Clarity t***@remax.net Show Phone

Listed By: Beth Stamper · License #0022287 Show Phone

Source: Exprealty

Added: May 29 Changed: Aug 20 Last Checked: Sep 5 at 9:39AM

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Investment Insights

Based on property information with market context.

This for-sale retail storefront offers multiple suites that can be adapted for different personal and service-oriented concepts. The current interior configuration includes a barber shop, nail salon, and tattoo studio, supporting a layout designed for separate customer-facing businesses within the same retail property.

The property is located at 602 E Dupont Ave in Belle, WV. With numerous spaces available, it can accommodate a range of business activities depending on how you plan to utilize the existing suite setup.

With approximately 985 square feet of total area, the property provides a practical footprint for owners or operators seeking a multi-suite retail format where each space can be tailored to the right use.

Key Highlights

• Retail storefront for sale with multiple in‑line spaces currently configured for personal service uses
• Current tenant mix includes a barber shop, nail salon, and tattoo studio
• Layout features numerous spaces and can be adapted for other business activities

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

$9,512

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

7.05%

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%

$190,240 $190.2K

Cap Rate 7%

$135,886 $135.9K

Cap Rate 9%

$105,689 $105.7K

Market Conditions

NOI Build-Up for 985 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

$14.2K $14.40/SF

− Vacancy

−$596 −$0.60/SF

EGI

$13.6K $13.80/SF

− OpEx

−$4.1K −$4.14/SF

NOI

$9.5K $9.66/SF

Area

Kanawha County, WV

Vacancy

4.20%

Lease Rate

$14.40 /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%

$190,240

Cap Rate 7%

$135,886

Cap Rate 9%

$105,689

Alternative Uses

Best Use

Retail

$135.9K

$118.9K – $158.5K (±1% cap)

NOI $9,512 @ 7.0% cap · market cap 7.05%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$217.2K

$190.1K – $253.4K (±1% cap)

NOI $15,205 @ 7.0% cap · market cap 11.26%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Storefront properties

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Law Firm Dental Office Bakery Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

114

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 25015, WV

4,043

Population

1,924

Households

2.1

Avg Household Size

44

Median Age

14%

College-Educated

91%

High-School Grad

29.9 sq mi

ZIP Area

135

Density / Sq Mi

$50,472

Median Household Income

$41,647

Median Earnings

$1,077

Median Rent

$106,900

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - Retail storefront offered for sale with multiple in-line spaces currently configured for personal service uses.

Where is this storefront property located?

The property is located at 602 E Dupont Ave Belle, 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: Retail storefront for sale with multiple in‑line spaces currently configured for personal service uses; Current tenant mix includes a barber shop, nail salon, and tattoo studio; Layout features numerous spaces and can be adapted for other business activities