Mixed-Use Property with Loading
For Sale
Contact for pricing
864 Oakwood Road, Charleston, WV 25314
Commercially zoned building with a loading dock, expansive parking, and a large site.
Property Size12,204 SF
Lot Size2.50 Acres
Price / SF$163.88
Days on Market285
Property Features for 864 Oakwood Road
General Information
Standard status
Active
Size
12,204 SF
Total Parking Spaces
21
Lot size
2.50 Acres
Property subtype
Mixed Use, Office, Retail, Self Storage
Zoning
Commercial
Amenities
Loading dock
Building Details
Buildings
1
Stories
1
Listing Agency:
Better Homes and Gardens Real Estate Central
(304) 343-7653
Listed By:
Joshua McGrath · License #WV0007862
Source:
Crexi
Added: Nov 19, 2025
Changed: Aug 30
Last Checked: Aug 30 at 6:32PM
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 Better Homes and Gardens Real Estate Central
Investment Insights
Based on property information with market context.
This mixed-use commercial property at 864 Oakwood Road includes a 12,204-square-foot building situated on 2.5 acres. The improvements feature a loading dock, and the site has over 50 marked parking spaces. Commercial zoning is identified for the property, with additional land available on the parcel.
The property is located in Charleston, West Virginia, at an address associated with Corridor G and the Charleston shopping area. Pharmacy operations are scheduled to close by 12/31/25, and no pharmacy restriction applies through 12/31/26.
The property is located in Charleston, West Virginia, at an address associated with Corridor G and the Charleston shopping area. Pharmacy operations are scheduled to close by 12/31/25, and no pharmacy restriction applies through 12/31/26.
Key Highlights
- 12,204‑square‑foot mixed‑use commercial building
- 2.5‑acre site at 864 Oakwood Road
- Loading dock included
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
$117,850
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
5.89%
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%
$2,357,000
$2.4M
Cap Rate 7%
$1,683,571
$1.7M
Cap Rate 9%
$1,309,444
$1.3M
Market Conditions
NOI Build-Up for 12,204 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
$175.7K $14.40/SF
− Vacancy
−$7.4K −$0.60/SF
EGI
$168.4K $13.80/SF
− OpEx
−$50.5K −$4.14/SF
NOI
$117.8K $9.66/SF
Area
Kanawha County, WV
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$2,357,000
Cap Rate 7%
$1,683,571
Cap Rate 9%
$1,309,444
Alternative Uses
Best Use
Retail
$1.68M
$1.47M – $1.96M
NOI $117,850 @ 7.0% cap · market cap 5.89%
Second Best
Mixed Use
$1.12M
$978.2K – $1.30M
NOI $78,258 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$2.69M
$2.35M – $3.14M
NOI $188,391 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
Explore this area
Business Placement
Demographics for 25314, WV
14,673
Population
7,328
Households
2
Avg Household Size
43
Median Age
61%
College-Educated
96%
High-School Grad
32.7 sq mi
ZIP Area
449
Density / Sq Mi
$86,462
Median Household Income
$50,413
Median Earnings
$1,080
Median Rent
$243,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned building with a loading dock, expansive parking, and a large site.
Where is this mixed-use property located?
The property is located at 864 Oakwood Road 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: 12,204‑square‑foot mixed‑use commercial building; 2.5‑acre site at 864 Oakwood Road; Loading dock included
