Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    885 Oakwood Rd Charleston, WV 25314

    Sponsored
    For Sale
    $5,142,658

    High-traffic CVS, long-term lease, strong income.

    Property size:
    12,035 SF

    Property Features for 885 Oakwood Rd

    General Information

    Property type
    Other retail properties
    Square Feet
    12,035 SF
    Price / Square Foot
    $427
    Class
    C
    Elevators
    N/A
    Net Rentable
    12,035 SF
    Lot Size
    57,499 SF
    Net Operating Income
    $269,989

    Building Details

    Year Built
    2016

    Overview

    Charleston CVS Pharmacy Investment Property

    This property features a 12,035 square foot CVS Pharmacy situated on a 1.32-acre lot in Charleston, West Virginia. The property benefits from a remaining 16 years on a 25-year absolute NNN lease, which provides a guaranteed annual income of $269,989. The lease is backed by CVS Health Corporation, which has an investment-grade credit rating. The location is in a high-traffic retail corridor, one mile from downtown Charleston, with daily traffic counts exceeding 43,000 vehicles on Highway 119 and Oakwood Drive. The surrounding area is densely populated, with over 71,000 residents within a 5-mile radius and an average household income exceeding $86,000. The property is surrounded by national retailers, including Outback Steakhouse, Wendy's, Starbucks, Chase Bank, Truist Bank, First Watch, Walgreens, Kroger, and Dunkin' Donuts.

    We can help!

    Listing Contact
    John R Wertz

    Learn more

    Property Insight Report

    HighLights

    • Guaranteed annual income of $269,989 for 16 years remaining on the lease.
    • 12,035 square foot CVS Pharmacy on 1.32 acres in high‑traffic Charleston location.
    • Strong tenant, CVS Health Corporation, with an investment‑grade credit rating.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CVS Photo (Bike/Boat/Book/etc) Store Kodak (Bike/Boat/Book/etc) Store CVS Pharmacy Cheryl Brown Pharmacy CVS Pharmacy Pharmacy

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    State
    West Virginia
    Longitude
    -81.664255
    Latitude
    38.342417

    Nearby Similar for Sale

    • $375,000
      7,720 SF

      Multi-Use Commercial Property Auction

      Income-generating property with bar, apartment, garage, and parking.
      4404 Sissonville Dr, Charleston, WV 25312
      View Details
    • $1,995,000
      Pending

      Spacious Flex Warehouse in Charleston

      Renovated 68,872 SF flex warehouse with excellent highway access.
      1545 Hansford St, Charleston, WV 25311
      View Details
    • $799,000
      16,000 SF

      Versatile Commercial Property in Charleston

      Expansive commercial property with prime location and flexible layout.
      3324 Pennsylvania Ave, Charleston, WV 25302
      View Details
    • $699,000
      10,000 SF

      Versatile Commercial Property in Charleston

      10,000 sq ft commercial space suitable for various business uses.
      3036 Washington St W, Charleston, WV 25387
      View Details
    • $850,000

      Renovated Office Building in Charleston

      Fully renovated two-story office building in downtown Charleston, WV.
      16 Capitol St, Charleston, WV 25301
      View Details
    • $1,200,000

      Medical Office Investment Opportunity

      Leased medical office building in Kanawha City submarket.
      4502 Maccorkle Ave, Charleston, WV 25304
      View Details
    • $349,900
      0.36 Acres

      Versatile Commercial Property Near Elk City

      25,000 sq ft commercial building suitable for various uses.
      416-418 Washington St W, Charleston, WV 25302
      View Details
    • $199,900
      2,507 SF

      Renovated Duplex with Apartment Building

      Duplex and apartment building with rental income potential in Charleston.
      512 Maxwell St, Charleston, WV 25311
      View Details
    • $499,000
      Pending

      Downtown Building on Capitol Street

      Downtown Charleston building with high foot traffic and business potential.
      229 Capitol St, Charleston, WV 25301
      View Details
    • $185,000
      0.48 Acres

      Charleston Mixed-Use Opportunity Zone Property

      Unique mixed-use property with single-family residence in Charleston's East End.
      501 Elizabeth St, Charleston, WV 25311
      View Details
    • $179,000
      2,902 SF

      Charleston Triplex Near Kanawha Forest

      Three-unit apartment near Kanawha State Forest with on-site parking.
      14 Cheerful Ln, Charleston, WV 25304
      View Details
    • $259,000
      Pending

      Mixed-Use Property with Warehouse & Office

      Downtown Charleston mixed-use property with warehouse and office space for sale.
      1219 Pennsylvania Ave, Charleston, WV 25302
      View Details

    FAQs

    What type of property is this?
    Other retail property - High-traffic CVS, long-term lease, strong income.
    Where is this other retail property located?
    The property is located at 885 Oakwood Rd Charleston, WV.
    What is the asking price?
    The asking price for this property is $5,142,658.
    What are key features of this property?
    This property features: Guaranteed annual income of $269,989 for 16 years remaining on the lease.; 12,035 square foot CVS Pharmacy on 1.32 acres in high-traffic Charleston location.; Strong tenant, CVS Health Corporation, with an investment-grade credit rating.
    (619) 218-6427
    Request Owner's contact information
    885 Oakwood Rd Charleston, WV 25314
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    885 Oakwood Rd
    Charleston, WV 25314
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    885 Oakwood Rd Charleston, WV 25314
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    John R Wertz
    (619) 218-6427
    Learn more
    Google sign-in failed. Please try again or use another login method.