Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Retail and Warehouse Space Title is generated by Realmo AI

    631 6th Ave, Huntington, WV

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    10,000+ sq ft retail/warehouse with prime corner location.

    Type:RETAIL
    Property size:
    10,000 SF
    Lot size:
    0.41 Acres
    Price / SF:
    $49/SF
    Added:
    Oct 21, 2024
    Days on Market:
    593
    Last Refresh:
    May 20 at 9:58 pm

    Property Features for 631 6th Ave

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Lot size
    0.41 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 631 6th Ave Contact us

    We can help!

    Listing Contact
    Quintie Smith
    Quintie Smith

    Listing agent Quintie Smith

    Listing office Realcorp, LLC

    Listing date Oct 21, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Realcorp, LLC

    HighLights

    • Prime corner location on main road with high visibility
    • 10,000+ Sq. Ft with 6,000+ dedicated to retail operations
    • Large gated parking lot + side street, off road parking
    • Large Warehouse
    • Semi Truck Loading Dock/garage entrance
    • New rubber roof and new gutters

    Overview

    This property, designed for multi-functionality, offers over 10,000 square feet of space, with over 6,000 square feet dedicated to retail operations. It features a prime corner location on a main road with high visibility. The property includes a large second retail or storage space, a large gated parking lot, and additional side street, off-road parking. A semi-truck loading dock/garage entrance and a large two-door garage provide convenient access. The property also features a large warehouse, three offices, a conference room, a kitchenette, and three restrooms. Additional features include a new rubber roof, new gutters, a comprehensive security system, and upgraded LED outside lighting. This property is located in Huntington, WV.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dayton Appliance Parts ... Big Box & Wholesale Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntington
    County
    Wayne
    State
    West Virginia
    Longitude
    -82.447
    Latitude
    38.4172

    Nearby Similar for Sale

    • $995,000
      10,785 SF

      Historic Huntington Commercial Space

      Expansive commercial space in historic downtown Huntington.
      999 4th Avenue, Huntington, WV 25701
      View Details
    • $650,000
      8,000 SF

      8,000 SF Huntington Commercial Building

      High-visibility 8,000 sq ft commercial building in Huntington, WV.
      455 Washington Avenue, Huntington, WV 25701
      View Details
    • $299,000
      12,000 SF

      Versatile Commercial Warehouse in Huntington

      12,000 SF warehouse/commercial property with loading docks.
      249 7th Avenue, Huntington, WV 25701
      View Details
    • $349,000
      4,072 SF

      Downtown Huntington Historic Office Space

      Historic downtown Huntington office space for sale.
      999 4th Avenue, Huntington, WV 25701
      View Details
    • $275,000
      4,525 SF

      Established Automotive Repair Shop For Sale

      Turnkey automotive repair shop with equipment and prime location.
      92 Washington Avenue, Huntington, WV 25701
      View Details
    • $285,000
      2,120 SF

      Huntington Commercial Property For Sale

      Commercial property in high-traffic Huntington location with parking.
      350 5th Avenue, Huntington, WV 25701
      View Details
    • $695,000

      Huntington Warehouse with Loading Dock

      Warehouse with loading dock, high traffic, easy access to Rt 64.
      1419 US Route 60 E, Huntington, WV 25705
      View Details
    • $275,000
      1,200 SF

      Huntington Mixed-Use Commercial Property

      Mixed-use commercial building in downtown Huntington, West Virginia.
      611 4th Avenue, Huntington, WV 25701
      View Details
    • $350,000
      3,273 SF

      Versatile Triplex Opportunity in Huntington

      Spacious multi-family property with flexible layout and income potential.
      1221 Norway Avenue, Huntington, WV 25705
      View Details
    • $695,000
      11,065 SF

      Huntington Warehouse with Loading Dock

      Warehouse with loading dock, high traffic, and highway access.
      1419 US Rt 60 E, Huntington, WV 25705
      View Details
    • $369,000
      36,630 SF

      Historic Huntington Commercial Building For Sale

      Five-story, 36,630 sq ft commercial building in downtown Huntington.
      825 4th Avenue, Huntington, WV 25701
      View Details
    • $6,900,000
      139,277 SF

      Versatile Huntington Commercial Campus

      Office and warehouse campus near I-64 in Huntington, WV.
      235 Terrace Avenue, Huntington, WV 25705
      View Details

    FAQs

    What type of property is this?
    Retail property - 10,000+ sq ft retail/warehouse with prime corner location.
    Where is this retail property located?
    The property is located at 631 6th Ave Huntington, WV.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Prime corner location on main road with high visibility; 10,000+ Sq. Ft with **6,000+ dedicated to retail operations**; Large gated parking lot + side street, off road parking
    (304) 925-7000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Quintie Smith
    Quintie Smith
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    631 6th Ave, Huntington, WV
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!