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    Property profile & analytics

    2557 Charleston Rd Ripley, WV 25271

    • Retail properties
    • 4,500 SF
    • 2.00 lot acres
    For Sale
    View listing
    $419,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 2557 Charleston Rd

    Year built
    1995
    Lot size
    2.00 lot acres
    Property size
    4,500 SF
    Property type
    Retail properties

    Description

    This exceptional 4,500 square foot retail property, located at 2557 Charleston Road Unit 2557 in Ripley, West Virginia, presents a unique investment opportunity. Situated on a generous two-acre lot, this pre-engineered steel building offers unparalleled convenience, being just a mile from the interstate exit. Constructed in 1995, the building boasts a durable concrete slab foundation and a sturdy metal roof. The interior features a fully finished 4,500 square feet of space, complete with a modern HVAC system. While currently used as a church, its versatile design and ample space make it ideal for a wide range of commercial ventures. The property underwent a complete renovation in 2013, with all interior and exterior elements updated to a high standard. This turnkey solution eliminates the need for extensive renovations, allowing for immediate occupancy and the swift commencement of business operations. The combination of its prime location, substantial size, and recent renovations makes this property an exceptional value. This is a must-see for any entrepreneur seeking a ready-to-use commercial space in a thriving location. The property is offered at $419,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ripley
    County
    Jackson
    State
    West Virginia
    Longitude
    -81.6982
    Latitude
    38.7752

    Comparable in this City

    • Value Estimation by Request
      0.35 Acres

      9957 Charleston Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.35 Acres
      9957 Charleston Rd, Ripley, WV 25271-5732
      View Details
    • Value Estimation by Request
      0.10 Acres

      346 Church S St

      AUTO REPAIR, GARAGE • 0.10 Acres
      346 Church S St, Ripley, WV 25271-1512
      View Details
    • Value Estimation by Request
      0.08 Acres

      336 Church S St

      RETAIL STORES (PERSONAL SERVICES) • 0.08 Acres
      336 Church S St, Ripley, WV 25271
      View Details
    • Value Estimation by Request
      0.52 Acres

      516 Main W St

      RETAIL STORES (PERSONAL SERVICES) • 0.52 Acres
      516 Main W St, Ripley, WV 25271-1106
      View Details
    • Value Estimation by Request
      1.70 Acres

      1730 Parkersburg Rd

      RETAIL STORES (PERSONAL SERVICES) • 1.70 Acres
      1730 Parkersburg Rd, Ripley, WV 25271-6210
      View Details
    • Value Estimation by Request
      882 SF

      460 Rte 33rd W

      RETAIL STORES (PERSONAL SERVICES) • 882 SF
      460 Rte 33rd W, Ripley, WV 25271-8406
      View Details

    Similar Nearby for Sale

    • $295,000
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      Downtown Ripley Retail Gem

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    • $419,000
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      Ripley Retail Space - 2 Acres

      Prime Ripley retail space, 4500 sq ft, 2 acres.
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    • $890,000
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      Ripley Retail Property For Sale

      Retail property with drive-thru in high-traffic Ripley, West Virginia.
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    • $275,000
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      Ripley Mixed-Use Commercial Property

      Versatile 3,000 sq ft building on 1.72 acres
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    • $520,000
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      Ripley Office Building - 6171 sq ft

      Spacious Office Building, 4.97 Acres
      1315 Charleston Rd, Ripley, WV 25271
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    • $150,000

      Approximately 16 Acres of Land

      16 acres of land for sale at $150,000/acre.
      Ripley Rd, Ripley, WV 25271
      View Details
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    Ripley, WV 25271
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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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