Renovated Office Building with
For Sale
Contact for pricing
100 Kanawha Blvd W, Charleston, WV 25302
Two-story commercial office building with excellent visibility and strong tenant mix.
Property Size14,000 SF
Price / SF$121.43
Days on Market906
Property Features for 100 Kanawha Blvd W
General Information
Standard status
Active
Size
14,000 SF
Class
B
Property subtype
Office
Zoning
C-8
Occupancy
100%
Building Details
Year Built
1977
Year Renovated
2022
Buildings
1
Stories
2
Listing Agency:
Goldman Associates Inc
(304) 343-5695
Listed By:
Jay Goldman · License #WV WV0013744
Source:
Crexi
Added: Feb 27, 2024
Changed: Aug 15
Last Checked: Aug 19 at 10:41PM
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 Goldman Associates Inc
Investment Insights
Based on property information with market context.
Located on the north side of Kanawha Boulevard, this two-story commercial office building offers excellent visibility from both the Boulevard and Interstate 64. The property is situated across from Magic Island. The building, approximately 45 years old, contains 14,000 square feet and has been recently renovated. Elevator access is available. Onsite parking accommodates 47 vehicles, and the property benefits from access via three public streets. The office building is 100% leased, with a tenant mix that includes law firms, a dentist office, and an insurance agency. The office provides great views.
Key Highlights
- Excellent visibility from Kanawha Boulevard and Interstate 64.
- Onsite parking for 47 vehicles with access from three public streets.
- 100% leased with a diverse tenant mix.
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
$147,420
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
8.67%
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%
$2,948,400
$2.9M
Cap Rate 7%
$2,106,000
$2.1M
Cap Rate 9%
$1,638,000
$1.6M
Market Conditions
NOI Build-Up for 14,000 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
$252.0K $18.00/SF
− Vacancy
−$55.4K −$3.96/SF
EGI
$196.6K $14.04/SF
− OpEx
−$49.1K −$3.51/SF
NOI
$147.4K $10.53/SF
Area
Kanawha County, WV
Vacancy
22.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$2,948,400
Cap Rate 7%
$2,106,000
Cap Rate 9%
$1,638,000
Alternative Uses
Best Use
Office B
$2.11M
$1.84M – $2.46M
NOI $147,420 @ 7.0% cap · market cap 8.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.09M
$2.70M – $3.60M
NOI $216,115 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,859
Businesses Nearby
Explore this area
Business Placement
Demographics for 25302, WV
14,307
Population
7,676
Households
1.9
Avg Household Size
44
Median Age
34%
College-Educated
93%
High-School Grad
12.4 sq mi
ZIP Area
1,154
Density / Sq Mi
$55,525
Median Household Income
$33,488
Median Earnings
$875
Median Rent
$148,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story commercial office building with excellent visibility and strong tenant mix.
Where is this office building located?
The property is located at 100 Kanawha Blvd W Charleston, WV.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Excellent visibility from Kanawha Boulevard and Interstate 64.; Onsite parking for 47 vehicles with access from three public streets.; 100% leased with a diverse tenant mix.
