Building Details

Buildings 1

Listing Agency: SNIDER REALTY GROUP m***@sellingmorgantown.com

Listed By: Jack Hall · License #WVA180040016 Show Phone

Source: Exprealty

Added: Oct 14 Changed: Oct 28 Last Checked: Oct 28 at 4:02PM

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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 SNIDER REALTY GROUP

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 600-square-foot storefront was most recently rented for use as a Hot Spot and beauty salon. Potential uses identified for the building include dog grooming, a small office, or a studio.

Key Highlights

• 600‑square‑foot building
• Potential uses include dog grooming, a small office, or a studio
• Most recent rental use as a Hot Spot and beauty salon

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$3,941

Cap Rate

3.94%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$78,820 $78.8K

Cap Rate 7%

$56,300 $56.3K

Cap Rate 9%

$43,789 $43.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 600 SF

Gross rent

$6.1K $10.20/SF

− Vacancy

−$490 −$0.82/SF

EGI

$5.6K $9.38/SF

− OpEx

−$1.7K −$2.82/SF

NOI

$3.9K $6.57/SF

Area

Harrison County, WV

Vacancy

8.00%

Lease Rate

$10.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$78,820

Cap Rate 7%

$56,300

Cap Rate 9%

$43,789

Alternative Uses

Best Use

Retail

$56.3K

$49.3K – $65.7K (±1% cap)

NOI $3,941 @ 7.0% cap · market cap 3.94%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$118.7K

$103.9K – $138.5K (±1% cap)

NOI $8,310 @ 7.0% cap · market cap 8.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Grocery & Convenience Store (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

214

Businesses Nearby

20k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 72% Dining 17% Home Improvements & Furnishings 10%

Speedway Shops & Services

6,810 visits/mo 0.2 miles

Family Dollar Shops & Services

4,646 visits/mo 0.2 miles

SUBWAY Dining

3,494 visits/mo 0.5 miles

7-Eleven Shops & Services

3,336 visits/mo 0.2 miles

Sandys True Value Hardware & Home Center Home Improvements & Furnishings

2,121 visits/mo 0.3 miles

Demographics for 26301, WV

28,586

Population

13,875

Households

2.1

Avg Household Size

42

Median Age

22%

College-Educated

86%

High-School Grad

77.1 sq mi

ZIP Area

371

Density / Sq Mi

$49,773

Median Household Income

$34,594

Median Earnings

$772

Median Rent

$123,500

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Storefront property - The compact building has been identified for dog grooming, office, or studio use.

Where is this storefront property located?

The property is located at 8192 Water St Stonewood, WV.

What is the asking price?

The asking price for this property is $99,900.

What are key features of this property?

This property features: 600‑square‑foot building; Potential uses include dog grooming, a small office, or a studio; Most recent rental use as a Hot Spot and beauty salon