Add Listing
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    501 Elizabeth St Charleston, WV 25311

    • Specialty properties
    • 19,650 SF
    • 0.48 lot acres
    For Sale
    View listing
    $289,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Charleston Gabriel Project / Charitable Organization / Social Service Agency
    • Metro Valley Gabriel Project / Charitable Organization / Social Service Agency

    Property Details for 501 Elizabeth St

    Lot size
    0.48 lot acres
    Property size
    19,650 SF
    Property type
    Specialty properties
    Property subtype
    Churches & religious facilities

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Kanawha
    State
    West Virginia
    Longitude
    -81.6156
    Latitude
    38.3414

    Comparable in this City

    • Value Estimation by Request
      0.24 Acres

      1248 Greenbrier St

      VETERINARY, ANIMAL HOSPITAL • 0.24 Acres
      1248 Greenbrier St, Charleston, WV 25311-1002
      View Details
    • Value Estimation by Request
      0.12 Acres

      2636 Kanawha E Blvd

      VETERINARY, ANIMAL HOSPITAL • 0.12 Acres
      2636 Kanawha E Blvd, Charleston, WV 25311-2301
      View Details
    • Value Estimation by Request
      0.27 Acres

      Keystone Dr

      CHARITABLE ORGANIZATION • 0.27 Acres
      Keystone Dr, Charleston, WV 25311
      View Details
    • Value Estimation by Request
      0.24 Acres

      23 Keystone Dr

      CHARITABLE ORGANIZATION • 0.24 Acres
      23 Keystone Dr, Charleston, WV 25311
      View Details
    • Value Estimation by Request
      0.30 Acres

      Caroline St

      VACANT COMMERCIAL LAND • 0.30 Acres
      Caroline St, Charleston, WV 25311
      View Details
    • Value Estimation by Request
      0.16 Acres

      Caroline St

      PARKING GARAGE, PARKING STRUCTURE • 0.16 Acres
      Caroline St, Charleston, WV 25311
      View Details

    Similar Nearby for Sale

    • $289,000
      19,650 SF

      Charleston Church & Residence

      Prime WV location, 19,650+ sq ft
      501 Elizabeth St, Charleston, WV 25311
      View Details
    • Contact for pricing
      800 SF

      Charleston Townhouse Style Condo

      Townhouse style condo in Charleston, West Virginia, offered for sale.
      919 Carte St, Charleston, WV 25311
      View Details
    • Contact for pricing

      Residential Land in Charleston, WV

      Vacant residential lot in Charleston, West Virginia.
      1526 Hansford St, Charleston, WV 25311
      View Details
    • $49,500

      Charleston Land in Historical District

      Buildable lot in Charleston's historical district, close to amenities.
      2402 Washington St E, Charleston, WV 25311
      View Details
    • Contact for pricing
      4,000 SF

      Historic Office Building with Parking

      Prestigious office building with on-site parking and flexible zoning.
      1526 Ruffner Ave, Charleston, WV 25311
      View Details
    • Contact for pricing

      Residential Land on Oakridge Drive

      Land suitable for multi-family or patio-style residences.
      1863 Oakridge Dr, Charleston, WV 25311
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      13,500 SF

      Charleston Warehouse Space Available

      13,500 square foot warehouse space for rent in Charleston.
      927 Barlow Dr, Charleston, WV 25311
      View Details
    • $19 SF/Yr
      8,352 SF

      Charleston Office Space for Lease

      Prime Charleston office, 2,925 sq ft available
      2110 Kanawha Blvd, Charleston, WV 25311
      View Details
    • Contact for pricing
      5,430 SF

      Office Space with Open Layout

      5,430 SF office space featuring an open floor plan.
      1201 Greenbrier St, Charleston, WV 25311
      View Details
    Request Owner's contact information
    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.
    501 Elizabeth St
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!