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    3902 Coal Heritage Rd Bluefield, WV 24701

    Sponsored
    For Sale
    $1,222,092

    High-yield, multi-tenant retail property.

    Property size:
    17,240 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 17,240 square-foot retail property in Bluefield, WV, boasting a 7.75% cap rate and a low price per square foot of $70.89. The property is situated on 1.11 acres at 3902 Coal Heritage Rd, a high-traffic thoroughfare with over 11,500 vehicles daily. It features two long-term tenants, Advance Auto Parts and Dollar General, both operating since the late 1990s, demonstrating strong commitment with numerous lease extensions. The weighted average lease term remaining exceeds six years. Current rent is significantly below market value, with substantial rent escalations built into upcoming renewal options (17% for Advance Auto Parts and 10% for Dollar General in 2025). Dollar General, an investment-grade tenant (S&P rating: BBB), contributes to the property's stability. The property benefits from a strong demographic profile, with over 50,100 people within a ten-mile radius and an average household income of $62,760. Nearby businesses include Grant's IGA Supermarket, Coca-Cola Bottling, Family Dollar, Exxon, and First Community Bank, indicating a thriving commercial area. This well-positioned, multi-tenant retail center offers a compelling investment opportunity with significant upside potential due to below-market rents and built-in rent increases. The property's Net Operating Income (NOI) is $94,712, and the asking price is $1,222,092. Built in 1996, this property presents a stable and attractive investment with strong tenant occupancy and a proven track record.

    Property Features for 3902 Coal Heritage Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    17,240 SF
    Lot Size
    48,352 SF

    Building Details

    Year Built
    1996
    Units
    2

    HighLights

    • Investment‑grade tenant Dollar General (S&P: BBB).
    • Both tenants have operated successfully since the late 1990s with multiple lease extensions.
    • Significantly below‑market rent: $6.21 PSF (current) vs. $11.14 PSF (CoStar market).
    • Substantial rent escalations in upcoming option periods.
    • High‑traffic location on Coal Heritage Road (11,500 vehicles per day).
    • Strong co‑tenancy including Grant's IGA, Coca‑Cola, Family Dollar, Exxon, and First Community Bank.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bluefield
    County
    Mercer
    State
    West Virginia
    Longitude
    -81.259224240022
    Latitude
    37.310519343867

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield, multi-tenant retail property.
    Where is this lifestyle center located?
    The property is located at 3902 Coal Heritage Rd Bluefield, WV.
    What is the asking price?
    The asking price for this property is $1,222,092.
    What are key features of this property?
    This property features: Investment-grade tenant Dollar General (S&P: BBB).; Both tenants have operated successfully since the late 1990s with multiple lease extensions.; Significantly below-market rent: $6.21 PSF (current) vs. $11.14 PSF (CoStar market).
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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
    3902 Coal Heritage Rd Bluefield, WV 24701
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