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    104 4Th St New Martinsville, WV 26159
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    104 4Th St, New Martinsville, WV 26159

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    • Retail properties & Spaces
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    • Retail properties & Spaces

    Property Details for 104 4Th St

    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional investment opportunity presents a prime retail property located at 104 N 4th St, Paden City, West Virginia, 26159. Currently occupied by a Dollar General, this property offers a strong, established tenant and consistent rental income stream. The asking price is $2,089,920. The property is classified as both retail and land, encompassing a commercially zoned lot in Tyler County. The precise square footage is not specified, but the property's current use as a successful Dollar General store indicates a size suitable for retail operations. Given its location in Paden City, West Virginia, the property benefits from established local traffic and customer base. The property's address is verified as 104 N 4th St, with GPS coordinates of 39.6031341 latitude and -80.9235387 longitude. This presents a compelling opportunity for investors seeking a stable, income-generating asset in a well-established retail market. The property's current tenant provides a reliable revenue stream, minimizing vacancy risks. Further due diligence is recommended to fully assess the property's potential and confirm all details. This is a rare chance to acquire a thriving retail property in a desirable location. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Martinsville
    County
    Tyler
    State
    West Virginia
    Longitude
    -80.9235
    Latitude
    39.6031

    Comparable in this City

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    • Value Estimation by Request
      0.08 Acres

      3rd Ave At W Main St

      PARKING GARAGE, PARKING STRUCTURE
      3rd Ave At W Main St, Paden City, WV 26159
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      0.08 Acres

      4th Ave

      VACANT COMMERCIAL LAND
      4th Ave, Paden City, WV 26159
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    • Value Estimation by Request
      0.10 Acres

      121 4th Ave

      RETAIL STORES (PERSONAL SERVICES)
      121 4th Ave, Paden City, WV 26159-1413
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    • Value Estimation by Request
      0.08 Acres

      107 Main St

      RETAIL STORES (PERSONAL SERVICES)
      107 Main St, Paden City, WV 26159-1425
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    • Value Estimation by Request
      0.10 Acres

      612 6th Ave

      RETAIL STORES (PERSONAL SERVICES)
      612 6th Ave, Paden City, WV 26159-1902
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    Similar Nearby for Sale

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      0.07 Acres

      Paden City Land with Garage

      Residential lot with insulated garage and storage building.
      617 North 6Th Ave, Paden City, WV 26159
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    • Contact for pricing
      12,867 SF

      Dollar General Investment Opportunity

      New Dollar General NNN lease investment property for sale.
      104 N 4Th Ave, Paden City, WV 26159
      View Details
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    New Martinsville, WV 26159
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    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
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    104 4Th St, New Martinsville, WV, 26159
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