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    Property profile & analytics

    801 Larry Joe Harless Dr Gilbert, WV 25621

    • Retail properties
    • 8,190 SF
    • 1.60 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 801 Larry Joe Harless Dr

    Year built
    2003
    Lot size
    1.60 lot acres
    Property size
    8,190 SF
    Property type
    Retail properties
    Property subtype
    Grocery and convenience stores

    Description

    This exceptional investment opportunity presents a fee-simple ownership of a two-building retail portfolio totaling 8,190 square feet, situated on a 1.6-acre lot in Gilbert, West Virginia. The property, located at 801 Larry Joe Harless Drive, 25621, boasts a prime commercial zoning and ample parking with 50 spaces. Currently 100% occupied by a multi-tenant configuration featuring a Family Dollar and one additional tenant, this stabilized investment offers a compelling 9.00% cap rate. The buildings, constructed in 2003, are single-story Class B structures. The lease structure is NNN (Net, Net, Net), with a current lease term of five years remaining on one lease and another five-year lease beginning in 2032. This translates to a total lease term extending to 2032. The property's strong tenant base and long-term lease agreements provide a secure and predictable income stream. This is a rare opportunity to acquire a high-performing retail investment in a desirable location. The property offers significant potential for long-term appreciation and passive income generation. The property is offered at $999,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gilbert
    County
    Mingo
    State
    West Virginia
    Longitude
    -81.8669
    Latitude
    37.6122

    Comparable in this City

    • Value Estimation
      $405,000
      1.15 Acres

      Guyandotte Riv

      GROCERY, SUPERMARKET • 1.15 Acres
      Guyandotte Riv, Gilbert, WV 25621
      View Details
    • Value Estimation by Request
      0.23 Acres

      Gilbert

      CONVENIENCE STORE • 0.23 Acres
      Gilbert, Gilbert, WV 25621
      View Details
    • Value Estimation by Request

      3rd Gilbert Ave

      CONVENIENCE STORE
      3rd Gilbert Ave, Gilbert, WV 25621
      View Details
    • Value Estimation by Request

      Rte 52

      RETAIL STORES (PERSONAL SERVICES)
      Rte 52, Gilbert, WV 25621
      View Details
    • Value Estimation by Request
      0.09 Acres

      Rte 52

      RETAIL STORES (PERSONAL SERVICES) • 0.09 Acres
      Rte 52, Gilbert, WV 25621
      View Details
    • Value Estimation by Request
      0.08 Acres

      Guyandotteave Guyandotte

      RETAIL STORES (PERSONAL SERVICES) • 0.08 Acres
      Guyandotteave Guyandotte, Gilbert, WV 25621
      View Details
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    801 Larry Joe Harless Dr
    Gilbert, WV 25621
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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
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