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    Freestanding Retail Property in Charles Town Title is generated by Realmo AI

    890 E Washington St, Charles Town, WV 25414

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    For Sale
    $2,881,377

    Single tenant property in Charles Town, WV with high visibility.

    Type:Retail
    Added:
    Mar 5, 2026
    Days on Market:
    76
    Last Refresh:
    Apr 5 at 10:10 pm

    Property Features for 890 E Washington St

    General Information

    Standard status
    Active
    Property subtype
    Retail

    We can help!

    Listing Contact
    Tyler Tollefson
    Tyler Tollefson

    Listing agent Tyler Tollefson License ##6506047766

    Listing office Legacy Real Estate Advisors

    Listing date Mar 5, 2026

    Source Legacycrea

    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 Legacy Real Estate Advisors

    HighLights

    • National Grade Tenant: Advance Auto Parts (AAP) with a Standard & Poor's credit rating of "BBB-"
    • High Traffic Counts: Over 19,600 vehicles pass the site daily on E Washington St
    • Dense Community: Significant residential population density with 6,900+ people within 1 mile and 20,500+ within 3 miles
    • Affluent Surrounding Area: High average household income exceeding $83,100 within 1 mile and $98,900 within 3 miles
    • Located in the Heart of Charles Town, WV
    • Situated on Hard Corner

    Overview

    This single-tenant, freestanding property is located in Charles Town, West Virginia, situated on a hard corner. The surrounding community is densely populated, with over 6,900 residents within a 1-mile radius and over 20,500 residents within a 3-mile radius. The area also has a significant daytime employee presence, with over 5,200 employees within 1 mile of the site. The location benefits from high traffic counts, with over 19,600 vehicles passing the site daily on East Washington Street. The surrounding area is affluent, with an average household income exceeding $83,100 within a 1-mile radius and exceeding $98,900 within a 3-mile radius. A projected population growth of 3.1% is expected within a 1-mile radius of the site in the next 5 years. The property is suitable for auto shops, automotive businesses, and retail spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Advance Auto Parts Auto Parts Store UPS Access Point ... Courier Service

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Creamers Wrecker Service — 208 E North St, Charles Town, WV 25414
    • Creamer's Fast Lube — 209 E North St, Charles Town, WV 25414
    • McKinneys Auto Repair & Towing — 400 N George St., Charles Town, WV 25414
    • Creamer's Auto Service Center — 200 E North St, Charles Town, WV 25414
    • On The Road Tires LLC — 101 W Washington St Box 185, Charles Town, WV 25414

    Location Insight

    • Map
    • Local Demand
    City
    Charles Town
    County
    Jefferson
    State
    West Virginia
    Longitude
    -77.8477
    Latitude
    39.2928

    Nearby Similar for Sale

    • $975,000

      Historic Charles Town Bed & Breakfast

      Elegant property in Charles Town, operating as a bed and breakfast.
      417 E Washington St, CHARLES TOWN, WV 25414
      View Details
    • $363,000

      Impeccable Duplex with Conversion Potential

      Well-maintained duplex with income potential and conversion possibility.
      506 Liberty E, CHARLES TOWN, WV 25414
      View Details

    FAQs

    What type of property is this?
    Auto shop - Single tenant property in Charles Town, WV with high visibility.
    Where is this auto shop located?
    The property is located at 890 E Washington St Charles Town, WV.
    What is the asking price?
    The asking price for this property is $2,881,377.
    What are key features of this property?
    This property features: National Grade Tenant: Advance Auto Parts (AAP) with a Standard & Poor's credit rating of "BBB-"; High Traffic Counts: Over 19,600 vehicles pass the site daily on E Washington St; Dense Community: Significant residential population density with 6,900+ people within 1 mile and 20,500+ within 3 miles
    (248) 450-3248
    We can help!
    Listing Contact
    Tyler Tollefson
    Tyler Tollefson
    Real Estate License ID: #6506047766
    Learn More
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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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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