Property profile

801 Larry Joe Harless Dr Gilbert, WV 25621

OFF-MARKET
Retail properties & Spaces
8,190 SF 1.6 ac lot Built 2003
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2003
Total area 8,190 SF
Lot 1.6 ac (69,696 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

801 Larry Joe Harless Dr Gilbert, WV 25621
Gilbert metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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