Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1863 Oakridge Dr Charleston, WV 25311

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Charleston development opportunity. R-6 zoning, multi-family potential.

    Property Features for 1863 Oakridge Dr

    General Information

    Property type
    Land
    Lot Size
    413,820 SF

    We can help!

    Listing Contact
    Todd Goldman
    Todd Goldman

    Listing Agency: Goldman Associates, Inc. Listing Agent: Todd Goldman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 9.5-acre commercial land parcel presents a unique investment opportunity in Charleston, West Virginia. Located at 1863 Oakridge Dr, Charleston, WV 25311, this property boasts a highly desirable R-6 zoning designation, making it well-suited for a variety of development projects. The site is conveniently situated along the south side of Oakridge Drive, just east of its intersection with the four-lane Greenbrier Street (Route 114), ensuring excellent visibility and accessibility. Access is via a private paved driveway off Byus Drive. Conceptual plans for multi-family residential units and patio-style residences have already been developed, showcasing the property's potential. While the site includes three existing structures (built between 1980 and 1988), a former meeting hall/worship facility being the main building, these are not currently in use and would require renovation for repurposing. Note that a portion of the land is subject to a powerline right-of-way. The property's favorable zoning and strategic location make it an attractive prospect for developers seeking to capitalize on the growing Charleston market. The asking price is $900,000. The APN is 10-62-008-0000-0000. Ownership is held by Noi Chay, Kiran Devaraj & Jeff Goins.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    WVGL Clock Repair (Bike/Boat/Book/etc) Store Covenant Christian Fellowship Church West Virginia Gemological ... Real Estate Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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.

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Kanawha
    State
    West Virginia
    Longitude
    -81.598597232174
    Latitude
    38.345855907018

    Nearby Similar for Sale

    • New
      $2,000,000
      Pending

      Retail Property Near Shopping Area

      Well-maintained retail building with loading dock near Charleston shopping.
      864 Oakwood Rd, Charleston, WV 25314
      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
    • $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
    • $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
    • $1,200,000

      Medical Office Investment Opportunity

      Leased medical office building in Kanawha City submarket.
      4502 Maccorkle Ave, Charleston, WV 25304
      View Details
    • $59,999
      4,000 SF

      Charleston Commercial Property For Sale

      4,000+/- sqft commercial property with off-street parking in Charleston, WV.
      3608 7Th Ave, Charleston, WV 25387
      View Details
    • $219,000
      0.26 Acres

      Charleston Office Buildings For Sale

      Multiple buildings suitable for business or retail in Charleston, WV.
      1000 Central Ave, Charleston, WV 25302
      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
    • New
      $697,000
      6,715 SF

      Office Building with Apartment Potential

      Two-story office building with apartment conversion potential in Charleston, WV.
      804 Greenbrier St, Charleston, WV 25311
      View Details
    • $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
    • $139,900
      2,530 SF

      Charleston Multifamily Investment Opportunity

      Income-generating multifamily property in a desirable historical district.
      521 Maxwell St, Charleston, WV 25311
      View Details
    • $79,999
      0.18 Acres

      Charleston Storage Facility Investment Opportunity

      10-unit storage facility in Charleston, WV. Income potential.
      703 Hunt Ave, Charleston, WV 25302
      View Details

    FAQs

    What type of property is this?
    Land - Prime Charleston development opportunity. R-6 zoning, multi-family potential.
    Where is this land located?
    The property is located at 1863 Oakridge Dr Charleston, WV.
    What is the asking price?
    The asking price for this property is $900,000.
    (304) 343-5695 Call to check price and availability
    Request Owner's contact information
    1863 Oakridge Dr Charleston, WV 25311
    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.
    1863 Oakridge Dr
    Charleston, WV 25311
    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
    1863 Oakridge Dr Charleston, WV 25311
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Todd Goldman
    Todd Goldman
    Real Estate License ID: WV0015391
    (304) 343-5695
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!