Mixed-Use Property with
For Sale
$129,999
Pending
6087 Sissonville Drive, Charleston, WV 25312
Commercial Sale, Charleston, WV
Property Size1,075 SF
Lot Size0.30 Acres
Days on Market45
Property Features for 6087 Sissonville Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Directions
Directions: From I-77 North, take Exit 111 toward Tupper's Creek Road. Continue to WV Route 21 (Sissonville Drive), then travel approximately 0.2 miles and turn left onto Walker Drive. Continue 1.3 miles, then turn right onto WV Route 21 (Sissonville Drive). Travel approximately 0.5 miles, and the property will be on the right.
Standard status
Pending
APN
25-13-50 & 184
Size
1,075 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1490
Utilities
Water source
Public
Listing Agency:
Joe R. Pyle Complete Auction and Realty Service
Listed By:
Todd A Short
(304) 592-6000
Added: Jul 23
Changed: Sep 5
Last Checked: Sep 5 at 9:06AM
MLS# 11899856
Copyright © 2026 My State MLS. 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 mixed-use property combines a commercial storefront with a three-bedroom apartment in a compact 1,075-square-foot setting. The residential component is described as move-in ready, while the storefront is positioned as an income-producing portion of the property. The site encompasses 0.3 acres and is served by public water.
Located on Sissonville Drive in Charleston, the property is described as being minutes from I-77, with schools and everyday amenities nearby. The offering is conducted through an online public auction, with bidding scheduled to conclude Wednesday, August 26th at 6PM.
Located on Sissonville Drive in Charleston, the property is described as being minutes from I-77, with schools and everyday amenities nearby. The offering is conducted through an online public auction, with bidding scheduled to conclude Wednesday, August 26th at 6PM.
Key Highlights
- Mixed‑use configuration with a commercial storefront and 3‑bedroom apartment
- 1,075 square feet of property size
- 0.3‑acre site
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
$10,381
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
7.99%
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%
$207,620
$207.6K
Cap Rate 7%
$148,300
$148.3K
Cap Rate 9%
$115,344
$115.3K
Market Conditions
NOI Build-Up for 1,075 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
$15.5K $14.40/SF
− Vacancy
−$650 −$0.60/SF
EGI
$14.8K $13.80/SF
− OpEx
−$4.4K −$4.14/SF
NOI
$10.4K $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%
$207,620
Cap Rate 7%
$148,300
Cap Rate 9%
$115,344
Alternative Uses
Best Use
Retail
$148.3K
$129.8K – $173.0K
NOI $10,381 @ 7.0% cap · market cap 7.99%
Second Best
Apartment 5plus
$99.0K
$86.7K – $115.5K
NOI $6,932 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$237.1K
$207.4K – $276.6K
NOI $16,595 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Explore this area
Business Placement
Demographics for 25312, WV
8,823
Population
4,305
Households
2
Avg Household Size
46
Median Age
16%
College-Educated
91%
High-School Grad
71.0 sq mi
ZIP Area
124
Density / Sq Mi
$58,220
Median Household Income
$38,984
Median Earnings
$810
Median Rent
$126,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes a retail storefront and a three-bedroom residential unit.
Where is this mixed-use property located?
The property is located at 6087 Sissonville Drive Charleston, WV.
What is the asking price?
The asking price for this property is $129,999.
What are key features of this property?
This property features: Mixed‑use configuration with a commercial storefront and 3‑bedroom apartment; 1,075 square feet of property size; 0.3‑acre site
