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    634 Ritter Drive Beaver, WV 25813

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    For Sale
    $350,000

    COMMERCIAL - Beaver, WV

    Type:Retail
    Property size:
    5,600 SF
    Price / SF:
    $62/SF
    Added:
    Mar 19, 2026
    Days on Market:
    41
    Last Refresh:
    Apr 28 at 12:06 pm

    Property Features for 634 Ritter Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    Commercial
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Parking
    13
    Standard status
    Active
    APN
    0112
    Size
    5,600 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1225

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1955
    Flooring type
    Vinyl
    Building materials
    Block
    Roof type
    Rubber

    We can help!

    Listing Contact
    Renee Harvey
    Renee Harvey

    Listing agent Renee Harvey

    Listing office Country Road Realty, LLC 204 Randolph Street W, Lewisburg, WV

    Listing date Mar 19, 2026

    MLS# 26-317

    Copyright © 2026 Greenbrier Valley 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.

    Overview

    Commercial Building on Ritter Drive

    Located on Ritter Drive in Beaver, WV, this commercial building offers high visibility with an estimated daily traffic count of 15,000-20,000 vehicles. The main level spans approximately 5,600 sq. ft. and includes four rooms, including two restrooms, and versatile retail or service-based space suitable for a variety of uses. An additional approximate 2,800 sq. ft. unfinished basement provides storage or future expansion options. Constructed in 1955, the building features block construction, vinyl flooring, central air, forced-air heat, and city utilities (water and sewer). Recent improvements include a 1.5-year-old rubber roof. On-site parking accommodates roughly 13 vehicles. The property is suitable for expanding an established business or introducing a new commercial venture. The building is being sold "As Is".
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Butcher Block Take-out & Catering

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    • Kroger Floral — 163 Beaver Plz, Beaver, WV 25813
    • Crystal’s Floral and Gifts — 2311 S Fayette St, Beckley, WV 25801

    Location Insight

    • Map
    • Local Demand
    City
    Beaver
    County
    Raleigh
    State
    West Virginia
    Longitude
    -81.1430555
    Latitude
    37.7505987

    Nearby Similar for Sale

    • $399,000
      5,600 SF

      Established Butcher Shop Business Opportunity

      Commercial building with operating butcher shop in high-traffic location.
      634 Ritter Drive, Beaver, WV 25813
      View Details
    • $240,000

      Versatile Commercial Building in Beaver

      Adaptable commercial building suitable for various business operations.
      139 Third St., BEAVER, WV 25813
      View Details

    FAQs

    What type of property is this?
    Storefront property - Commercial building with high visibility and ample parking.
    Where is this storefront property located?
    The property is located at 634 Ritter Drive Beaver, WV.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Prime location on highly traveled Ritter Drive with 15,000‑20,000 daily traffic count.; 5,600 sq. ft. main level with versatile space suitable for retail or service‑based businesses.; 2,800 sq. ft. unfinished basement for storage or future expansion.
    (304) 647-2000
    We can help!
    Listing Contact
    Renee Harvey
    Renee Harvey
    Learn More
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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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