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    Property profile & analytics

    2856 Mountaineer Blvd Charleston, WV 25309-9455

    • Drive through restaurants
    • 1.11 lot acres
    OFF-MARKET
    Value Estimations
    $430,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US94-1373783
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 2856 Mountaineer Blvd

    Lot size
    1.11 lot acres
    Property type
    Drive through restaurants
    APN
    20-09- 6E-0009.0003
    APU
    20096E00090003

    Description

    This exceptional 3,808-square-foot restaurant property, located at 2856 Mountaineer Blvd in Charleston, West Virginia, presents a unique investment opportunity. Built in 2017, this Class A building sits on a 1.11-acre lot (48,352 square feet) and boasts a single-tenant occupancy. The property features a highly desirable outparcel location with a double-wide drive-thru, a significant advantage for quick-service restaurants or businesses requiring convenient customer access. The building is a single-story structure, offering efficient layout and easy accessibility. Its location within Kanawha County, in the vibrant city of Charleston, WV (zip code 25309), ensures high visibility and potential for strong customer traffic. Previously occupied by a Bojangles restaurant, this space is ready for immediate occupancy by a new tenant, offering a turnkey solution for a variety of food service businesses. The property's size and features make it ideal for a variety of restaurant concepts. This is a rare opportunity to acquire a well-located, high-quality restaurant property in a thriving market. The property's excellent condition and strategic location promise a strong return on investment. Contact us today to learn more about this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Estimation
      $380,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $540,000
      6.5%
      $500,000
      7%
      $525,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $500,000
      Geo Method
      $455,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $460,000
      Retail
      $570,000
      Mixed-Use
      $505,000
      Hospitality
      $580,000
      Educational
      $450,000
      Residential Income
      $495,000
      Energy
      $545,000
      Income-Based Land
      $515,000
      Food Service
      $510,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Kanawha
    State
    West Virginia
    Longitude
    -81.7203
    Latitude
    38.3166
    CBSA code
    16620
    CBSA name
    CHARLESTON, WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $21,613
    $300,660
    $370,980
    $671,640
    -
    $501,100
    $618,300
    $1,119,400

    Comparable in this City

    • Value Estimation by Request
      1.86 Acres

      2848 Mountaineer Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1.86 Acres
      2848 Mountaineer Blvd, Charleston, WV 25309-9455
      View Details
    • Value Estimation by Request
      2.73 Acres

      2931 Mountaineer Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2.73 Acres
      2931 Mountaineer Blvd, Charleston, WV 25309-9452
      View Details
    • Value Estimation
      $350,000
      0.14 Acres

      4018 Maccorkle Ave Sw Ofc

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.14 Acres
      4018 Maccorkle Ave Sw Ofc, South Charleston, WV 25309-1510
      View Details
    • Value Estimation
      $300,000
      0.12 Acres

      4206 Maccorkle SW Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.12 Acres
      4206 Maccorkle SW Ave, South Charleston, WV 25309
      View Details
    • Value Estimation
      $395,000
      0.91 Acres

      2805 Mountaineer Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.91 Acres
      2805 Mountaineer Blvd, Charleston, WV 25309-9450
      View Details
    • Value Estimation by Request
      1.41 Acres

      4001 Maccorkle SW Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1.41 Acres
      4001 Maccorkle SW Ave, South Charleston, WV 25309-1509
      View Details

    Similar Nearby for Sale

    • $325,000

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      High-visibility mixed-use building with retail and apartments on MacCorkle Avenue.
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    • $195,000
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      Retail Property on Maccorkle Avenue

      Retail property with 3,500 square feet of space.
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      Pending

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    Similar Nearby for Lease

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      4,000 SF

      Retail Space on RHL Blvd

      Retail space available for rent with high traffic volume.
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      579,355 SF

      Shoppes at Trace Fork Retail Space

      Prime Retail Space, Kanawha County, WV
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      7,520 SF

      Retail Space on Rhl Boulevard

      Retail space available for lease in South Charleston, WV.
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      5,387 SF

      Retail Center Space Available

      Multi-tenant retail center with space available for rent.
      2550 Mountaineer Blvd, South Charleston, WV 25309
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    • Contact for pricing

      Commercial Land for Lease

      Commercial land available for lease with high traffic volume.
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    • Contact for pricing
      2,650 SF

      Charleston Office Space Available

      Office space available for rent in Charleston, West Virginia.
      5130 Maccorkle Ave SE, Charleston, WV 25309
      View Details
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    2856 Mountaineer Blvd
    Charleston, WV 25309-9455
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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