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    Lesage, WV Commercial Property Title is generated by Realmo AI

    6305 Ohio River Road, Lesage, WV 25537

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    Claim this Listing
    For Sale
    $725,000

    COMMERCIAL - Lesage, WV

    Type:Retail
    Property size:
    9,014 SF
    Lot size:
    1.74 Acres
    Price / SF:
    $80/SF
    Added:
    Jul 31, 2025
    Days on Market:
    302
    Last Refresh:
    May 28 at 1:06 am

    Property Features for 6305 Ohio River Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    5.4
    Size
    9,014 SF
    Lot size
    1.74 Acres

    Building Details

    Year built
    2006
    Building materials
    Metal
    Roof type
    Metal

    We can help!

    Listing Contact
    Brody Nash
    Brody Nash

    Listing agent Brody Nash

    Listing office Century 21 Homes and Land 5150 US Route 60 Eeast Suite 240, BARBOURSVILLE, WV

    Listing date Jul 31, 2025

    MLS# 181850

    Copyright © 2026 Huntington 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.

    HighLights

    • Primary retail destination in an underserved market with no other grocery option.
    • Data‑driven site selection ensures strong consumer demand and minimal competition.
    • 5+ years remaining on the firm lease term with six additional 5‑year renewal options.
    • Contractual rent increases provide built‑in NOI growth.
    • Extremely low cost of occupancy results in above‑average store level profitability.
    • Steady foot traffic and strong customer loyalty due to lack of national retailers.

    Overview

    This commercial property is located in an underserved market, making it an essential part of the local retail landscape. The location was selected using a data-driven site selection process, identifying underserved communities with consumer demand and limited retail alternatives. The property benefits from a built-in customer base and minimal competition. With no other grocery option in Lesage, the Dollar General serves as the primary retail destination for local and regional residents, offering everyday necessities, including food and beverages, health and beauty products, cleaning supplies, and pet care items. The store experiences steady foot traffic and strong customer loyalty due to the absence of other national retailers in the area. The property offers compelling fundamentals with a low cost of occupancy, resulting in above-average store level profitability. There are currently 5+ years remaining on the firm lease term, with six additional 5-year renewal options, providing a long runway of predictable income backed by contractual rent increases. The property size is 9014 square feet and the lot size is 1.74 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Department Store Storage Facility Grocery & Convenience Store Food Market Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lesage
    County
    Cabell
    State
    West Virginia
    Longitude
    -82.30034
    Latitude
    38.472109

    FAQs

    What type of property is this?
    Grocery and convenience store - Retail property in underserved market with long-term income potential.
    Where is this grocery and convenience store located?
    The property is located at 6305 Ohio River Road Lesage, WV.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: Primary retail destination in an underserved market with no other grocery option.; Data‑driven site selection ensures strong consumer demand and minimal competition.; 5+ years remaining on the firm lease term with six additional 5‑year renewal options.
    (304) 208-6190
    We can help!
    Listing Contact
    Brody Nash
    Brody Nash
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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