Hospitality Land Development
For Sale
Contact for pricing
6401 MacCorkle Avenue SE, Charleston, WV 25304
3.7-acre site with on-site utilities, located on MacCorkle Avenue SE across from McDonald's.
Property Size27,000 SF
Lot Size3.70 Acres
Price / SF$74.07
Days on Market74
Property Features for 6401 MacCorkle Avenue SE
General Information
Standard status
Active
Size
27,000 SF
Class
C
Total Parking Spaces
121
Lot size
3.70 Acres
Property subtype
Industrial, Hospitality
Zoning
C
Investment Type
Value Add
Net Operating Income
$200,000
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1984
Buildings
3
Stories
1
Units
76
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Professional Realty
Listed By:
Duke Jordan · License #WV 0012870
(304) 415-0607
Source:
Crexi
Added: Jun 30
Changed: Sep 8
Last Checked: Sep 11 at 5:53AM
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 Berkshire Hathaway HomeServices Professional Realty
Investment Insights
Based on property information with market context.
This offering centers on the land underlying the Knight's Inn property, situated on a 3.7-acre footprint. The remarks indicate all utilities are located on site, and that should have numbers soon for raising structures. The total property size is listed as 27,000 square feet.
Access is described via the MacCorkle Ave SE Exit from Kanawha City, then east on MacCorkle toward GoMart Truck Stop, with the property on the right across from McDonald's.
For buyers focused on development or redevelopment, this is a land-forward opportunity with utilities already present on site.
Access is described via the MacCorkle Ave SE Exit from Kanawha City, then east on MacCorkle toward GoMart Truck Stop, with the property on the right across from McDonald's.
For buyers focused on development or redevelopment, this is a land-forward opportunity with utilities already present on site.
Key Highlights
- 3.7‑acre site with Knight's Inn located on the property footprint
- All utilities located on site
- Located on MacCorkle Avenue SE across from McDonald's
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
$155,747
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
7.79%
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%
$3,114,940
$3.1M
Cap Rate 7%
$2,224,957
$2.2M
Cap Rate 9%
$1,730,522
$1.7M
Market Conditions
NOI Build-Up for 27,000 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
$372.6K $13.80/SF
− Vacancy
−$44.7K −$1.66/SF
EGI
$327.9K $12.14/SF
− OpEx
−$172.1K −$6.38/SF
NOI
$155.7K $5.77/SF
Area
Kanawha County, WV
Vacancy
12.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
52.50%
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%
$3,114,940
Cap Rate 7%
$2,224,957
Cap Rate 9%
$1,730,522
Alternative Uses
Best Use
Hotel Hospitality
$2.22M
$1.95M – $2.60M
NOI $155,747 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.95M
$5.21M – $6.95M
NOI $416,794 @ 7.0% cap · market cap 20.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
Business Placement
Demographics for 25304, WV
8,466
Population
4,062
Households
2.1
Avg Household Size
44
Median Age
50%
College-Educated
94%
High-School Grad
9.7 sq mi
ZIP Area
873
Density / Sq Mi
$80,200
Median Household Income
$42,694
Median Earnings
$1,017
Median Rent
$227,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - 3.7-acre site with on-site utilities, located on MacCorkle Avenue SE across from McDonald's.
Where is this hotel located?
The property is located at 6401 MacCorkle Avenue SE Charleston, WV.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 3.7‑acre site with Knight's Inn located on the property footprint; All utilities located on site; Located on MacCorkle Avenue SE across from McDonald's
