Flex Space with Finished
852 Southern Hwy Mineral Wells, WV 26150
852 Southern Hwy, Mineral Wells, WV, 26150
$220,000
For Sale
$220,000
Move-in ready flex property with updated windows, siding, and electrical, plus two bathrooms and a heated outbuilding.
Property Size1,500 SF
Lot Size0.70 Acres
Price / SF$146.67
Days on Market257
Property Features for 852 Southern Hwy
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Lot size
- 0.70 Acres
Listing agency
EXIT Riverbend Realty
(304) 376-5213
Listed by
Tiffany Cox
(304) 376-5213
Source
Exprealty
Added: Nov 7, 2025 Updated: Jul 21 at 9:23PM Checked: Jul 21 at 9:23PM
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 EXIT Riverbend Realty
Investment Insights
Based on property information with market context.
This versatile flex property offers approximately 1,500 square feet of space on a 0.7-acre lot, with recent updates including new windows, new siding, a new hot water tank, and updated electrical. The layout includes two bathrooms and a finished outbuilding equipped with heat and air conditioning.
Access is described as easy via Southern Highway, with on-site gravel parking for customers or staff. The outdoor area includes a deck and a fire pit.
The space is presented as suitable for a range of business uses, including office, storage, or workshop use.
Access is described as easy via Southern Highway, with on-site gravel parking for customers or staff. The outdoor area includes a deck and a fire pit.
The space is presented as suitable for a range of business uses, including office, storage, or workshop use.
Key Highlights
- Approximately 1,500 SF versatile commercial space with two bathrooms
- 0.7‑acre lot with gravel parking lot for customers or staff
- Recent updates: new windows, new siding, new hot water tank, and updated electrical
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.6k | $14.40 |
| − Vacancy | −$1.8k | −$1.20 |
| EGI | $19.8k | $13.20 |
| − OpEx | −$6.9k | −$4.62 |
| NOI | $12.9k | $8.58 |
1,500 SF · lease $14.40/SF/yr · vacancy 8.30% · expense 35.00%
Alternative Uses
Best Use
Office B
$300.9K
$263.3K – $351.0K
NOI $21,060 @ 7.0% cap · market cap 9.57%
Second Best
Flex RnD
$183.9K
$160.9K – $214.6K
NOI $12,875 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$413.5K
$361.8K – $482.4K
NOI $28,944 @ 7.0% cap · market cap 13.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Pete's pizza
Restaurant
Mugs N Jugs
Association Or Organization
FAQs
What type of property is this?
Flex space - Move-in ready flex property with updated windows, siding, and electrical, plus two bathrooms and a heated outbuilding.
Where is this flex space located?
The property is located at 852 Southern Hwy Mineral Wells, WV.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Approximately 1,500 SF versatile commercial space with two bathrooms; 0.7‑acre lot with gravel parking lot for customers or staff; Recent updates: new windows, new siding, new hot water tank, and updated electrical
