Two-Story Office
For Sale
Contact for pricing
725 Ritter Dr, Beaver, WV 25813
Separate entrances support division into multiple office sections and potential multi-tenant occupancy.
Property Size7,442 SF
Lot Size1.15 Acres
Price / SF$127.65
Days on Market111
Property Features for 725 Ritter Dr
General Information
Standard status
Active
Size
7,442 SF
Lot size
1.15 Acres
Property subtype
Office
Zoning
COMMER
Additional Details
Office Units
12
Building Details
Year Built
2012
Buildings
1
Stories
2
Construction
stucco
Listing Agency:
ARMES REAL ESTATE & LAND COMPANY INC.
(304) 890-2388
Listed By:
Lisa Armes · License #WVB230300912
Source:
Crexi
Added: Apr 24
Changed: Aug 10
Last Checked: Aug 11 at 8:19AM
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 ARMES REAL ESTATE & LAND COMPANY INC.
Investment Insights
Based on property information with market context.
Built in 2012, this 7,442-square-foot office building occupies 1.15 acres at 725 Ritter Dr in Beaver, West Virginia. The two-story property contains 12 offices, several bathrooms, and a broad paved parking area serving both sides of the building.
Separate entrances create a practical basis for dividing the interior into distinct office sections. The layout can accommodate businesses seeking multiple work areas or an arrangement with more than one occupant. Zoning is designated COMMER, adding a clear commercial-use framework to the property.
Separate entrances create a practical basis for dividing the interior into distinct office sections. The layout can accommodate businesses seeking multiple work areas or an arrangement with more than one occupant. Zoning is designated COMMER, adding a clear commercial-use framework to the property.
Key Highlights
- 7,442‑square‑foot office building completed in 2012
- Situated on 1.15 acres at 725 Ritter Dr, Beaver, WV 25813
- 12 offices with potential conversion into separate suites
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
$80,374
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
8.46%
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%
$1,607,480
$1.6M
Cap Rate 7%
$1,148,200
$1.1M
Cap Rate 9%
$893,044
$893.0K
Market Conditions
NOI Build-Up for 7,442 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
$134.0K $18.00/SF
− Vacancy
−$26.8K −$3.60/SF
EGI
$107.2K $14.40/SF
− OpEx
−$26.8K −$3.60/SF
NOI
$80.4K $10.80/SF
Area
Raleigh County, WV
Vacancy
20.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,607,480
Cap Rate 7%
$1,148,200
Cap Rate 9%
$893,044
Alternative Uses
Best Use
Office B
$1.15M
$1.00M – $1.34M
NOI $80,374 @ 7.0% cap · market cap 8.46%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$4.39M
$3.84M – $5.12M
NOI $306,951 @ 7.0% cap · market cap 32.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12
Office units
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Explore this area
Business Placement
Demographics for 25813, WV
7,017
Population
2,880
Households
2.4
Avg Household Size
38
Median Age
19%
College-Educated
85%
High-School Grad
45.9 sq mi
ZIP Area
153
Density / Sq Mi
$57,500
Median Household Income
$32,177
Median Earnings
$1,015
Median Rent
$147,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Separate entrances support division into multiple office sections and potential multi-tenant occupancy.
Where is this office building located?
The property is located at 725 Ritter Dr Beaver, WV.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 7,442‑square‑foot office building completed in 2012; Situated on 1.15 acres at 725 Ritter Dr, Beaver, WV 25813; 12 offices with potential conversion into separate suites
